Fourth quarter sales increased 10 percent at Target to 22.8 billion dollars, reflecting the impact of an additional week in this year’s fourth quarter, a 3.6 percent increase in comparable sales, and sales in non-mature stores. Comparable digital channel sales grew 29 percent and contributed 1.8 percentage […]

Urban Outfitters, Inc. announced net income of 1 million dollars and 108 million dollars for the three months and year ended January 31, 2018, respectively against 64 million dollars and 218 million dollars for the same periods last year. Earnings per diluted share were 0.01 dollar and 0.96 dollar for […]

Full-year net revenues of 2.1 billion euros (2.6 billion dollars) at Yoox Net-A-Porter Group, were up 16.9 percent on an organic basis and 11.8 percent reported compared to 2016. The company saw positive organic growth across all three business lines with multi-brand in-season net revenues up 18.3 percent; […]

Special committee of the Norstrom board has rejected the indicative acquisition offer made by a group consisting of members of the Nordstrom family – company Co-Presidents Blake W. Nordstrom, Peter E. Nordstrom, and Erik B. Nordstrom, President of Stores James F. Nordstrom, Chairman Emeritus Bruce A. […]

Ascena Retail Group, Inc. reported a GAAP loss of 0.20 dollar per diluted share compared to 0.18 dollar per diluted share in the year-ago period, while non-GAAP adjusted loss was 0.12 dollar per diluted share compared to 0.07 dollar in the year-ago period. Commenting on the second quarter results, David […]

Announcing unaudited interim results for the six months to December 31, 2017, MySale Group Plc said that revenue for the period reached 151.9 million Australian dollars (117.5 million dollars), an increase of 11 percent over the first half of 2017. Underlying EBITDA grew 80 percent to 5.5 million Australian […]

ANALYSIS Walmart is playing catch with its online nemesis with the most ambitious clothing launch in years: four new lines for women, men and children with items from priced from 5 to 30 dollars per item. Walmart says the move comes in response to its customers’ desire for more fashionable ranges. “She […]

ANALYSIS The future looks bright, “Genius” even, for Moncler. The Italian luxury outwear retailer “have decided to start a new exciting and challenging chapter for our business, which I strongly believe, will drive us to new heights with greater determination.” The upscale fashion group foresees further […]

Moncler Chairman and Chief Executive Remo Ruffini ruled out earlier this month that the upscale coat manufacturer is looking into ramping up its mergers and acquisitions pipeline. “I don’t know what other companies could be part of the group ... it is not in our plans today,” Ruffini said, answering […]

China’s online major, JD.com, Inc’s fourth quarter net revenues reached 110.2 billion Chinese yuan (216.9 billion dollars), an increase of 38.7 percent compared to the fourth quarter of 2016. Net revenues for the full year were 362.3 billion Chinese yuan (55.7 billion dollars), an increase of 40.3 percent […]

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