Nike hosted its 2017 Investor Day yesterday, in which the company provided an overview on how it is accelerating the next phase of long-term, sustainable and profitable growth. Fuelled by the Consumer Direct Offense, the company stated during the investor meeting that it expects to drive high-single […]

INTERVIEW Greenpeace has never been on the best of terms with the fashion industry. The global NGO is known to criticize the fashion industry for its lack of commitment to making its sector more sustainable. However, this is not the case this time. In the new study "Fashion at the crossroads" presented […]

Womenswear retailer Long Tall Sally has acquired Dutch rival Pretty Tall, for an undisclosed sum, as part of its strategy to become the global authority in fashion for tall women. The Netherland’s leading tall fashion brand for women, which has two stores in Apeldoorn and Hoofddorp, will continue to […]

Struggling retailer Bon-Ton has amended its 880 million dollars ABL Tranche A and Tranche A-1 credit facility, providing the company with immediate flexibility and substantial additional liquidity under its current credit facility, just before the crucial holiday season. In a press release, Nancy Walsh, […]

In the first nine months of 2017, Moncler recorded revenues of 736.8 million euros (866 million dollars), an increase of 15 percent at current exchange and of 16 percent at constant exchange rates. Commenting on the trading, Remo Ruffini, Moncler’s Chairman and Chief Executive Officer, said in a media […]

For the third quarter of 2017, Kering’s revenue of 3,925 million euros (4,615 million dollars), increased 23.2 percent as reported and 28.4 percent on a comparable basis. The company’s luxury activities reported a strong third-quarter with sales up 32.3 percent on a comparable basis, particularly Gucci, […]

The Hudson's Bay Company (HBC) has sold Lord & Taylor, the oldest luxury department store in the US to WeWork Companies. On Tuesday HBC announced a series of strategic transactions with WeWork Companies, Rhône Capital and an affiliate of WeWork Property Advisors, a joint venture between WeWork and Rhôn. […]

Puma has reported continued sales growth in the third quarter of 17.4 percent currency-adjusted or 13.3 reported to 1,121.8 million euros (1,319 million dollars). The company said, all regions supported the sales growth showing a double-digit increase. Footwear continued to be the main growth driver […]

Shoe Zone said in its trading update for the 52 week period to September 30, 2017, that the group has traded well in the second half of the year and expects to report revenues of approximately 158 million pounds (208 million dollars), reflecting the continued planned closure of loss making stores. The […]

Announcing its results for the third quarter of FY17, Luxottica said that its net sales increased 0.8 percent at constant exchange but declined 3.5 percent at current exchange rates as a result of the strong euro appreciation against the main currencies. In the first nine months of the year, revenues […]

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