Myer Holdings Limited for the 26 weeks to 27 January 2018 reported 49 percent surge is online sales but total sales for the period declined 3.6 percent to 1,719.7 million Australian dollars (1,323.4 million dollars), while comparable store sales were down 3 percent. The company recorded a statutory […]

Total sales for the week ending March 18, 2018 at John Lewis were up 1.4 percent on the same period last year, with the end of the week seeing parts of the country impacted once again by snow. The company said, fashion sales were up 1.8 percent with customers stocking up on its cashmere brand, up 38 […]

The Children’s Place reported net sales increase of 9.4 percent to 570 million dollars in the fourth quarter of 2017 with comparable retail sales rise of 8.2 percent. For the full year, net sales increased 4.8 percent to 1,870.3 million dollars in fiscal 2017, while comparable retail sales increased […]

Endura, the cycling apparel brand has been acquired by Pentland Brands Limited, the British family-owned business having brands such as Speedo, Mitre, Canterbury and Berghaus under its fold. The company said, business will continue to be based in Livingston, Scotland and the Endura founders and directors, […]

The Tom Tailor Group reported EBITDA growth to reach 83.1 million euros (102.5 million dollars) compared to 10.3 million euros (12.7 million dollars) in 2016 and EBIT increased to 43.9 million euros (54.1 million dollars). The company said, separation from low-margin product lines, stores and markets, […]

VF Corporation has entered into a definitive agreement to sell the Nautica brand business to Authentic Brands Group. The transaction is expected to close in the first half of 2018. Commenting on the development, VF’s Chairman, President and CEO Steve Rendle said in a statement: “As part of VF’s global […]

British fashion brand Missguided is planning to extend its reach in the Middle East with a franchise deal with the Azadea Group. The Azadea Group, which operates more than 50 leading international fashion and accessories concessions across the Middle East and North Africa will be responsible for extending […]

Chinese e-commerce giant Alibaba said Monday it will appoint one of its founders as head of Lazada and inject another $2 billion into Southeast Asia's leading online shopping firm, boosting its regional expansion. Alibaba, which already owns 83 percent of Lazada with two investments totalling $2 billion […]

Total revenue for the fourth quarter of fiscal 2018 at Perry Ellis International Inc was 227 million dollars, an 11.3 percent or 10.1 percent constant currency increase reflecting increases across all segments, with particular strength in men's sportswear and Nike swim. The company’s revenue for fiscal […]

Luxury group Kering is the subject of a tax probe concerning 2.5 billion euros that company is alleged to have channeled in Switzerland between 2002 and 2017 via its logistics platform LGI. France’s Médiapart reported on Friday that Kering had saved about 2.0 billion euros in taxes since 2009 including […]

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