After the company opened first H&M store in mainland China 10 years ago, the brand will now launch its first store on Alibaba’s Tmall platform. After witnessing encouraging response to another group label Monki in China since its launch on Tmall, the company has decided to extend the collaboration to […]

For the fourth quarter of 2017, H&M sales including VAT amounted to 58.545 million Swedish krona (6,928 million dollars) compared to 61,098 million Swedish krona (7,241 million dollars). Sales excluding VAT amounted to 50,390 million Swedish krona (5,975 million dollars), a decrease of 4 percent compared […]

The board of directors of Salvatore Ferragamo, while evaluating the development programs of the company and the significant IT and marketing investments, in order to re-launch the brand and to optimize the group’s commercial, production and logistic processes, recognized an extension of the transition […]

There has always been an ongoing battle between the major retailers such as Target Corp. and Wal-Mart versus online company Amazon. While all three companies are vastly successful, it seems that Target has decided to take Amazon head on by acquiring a new platform for faster, more efficient shopping. […]

Danish contemporary fashion label Ganni is set to expand in Europe, the US and Asia after consumer-focused private equity firm L Catterton acquired a 51 percent stake in the fashion brand for an undisclosed amount. Ganni was founded in 2000 and has become a label loved by influencers and editors for […]

Myer has said in a statement that as indicated at the company’s AGM on November 24, 2017, trading at the start of the all-important second quarter had shown no improvement on the first quarter. Since the AGM, the company added, sales continued to be below expectations and reflect ongoing challenging […]

Shares of Industria de Diseño Textil SA or Inditex were gaining around 4 percent in the morning trading in Spain after the fashion retailer reported Wednesday higher profit and sales in the nine-month period. Regarding the fourth-quarter 2017 trading, the company noted that online and offline store […]

The Inditex Group’s net sales rose by 10 percent in the first nine months of fiscal 2017 – from 1 February to 31 October –, on top of the 11 percent growth recorded in the same period of 2016, to 17.96 billion euros (21 billion dollars). Net profit for the period was 2.3 billion euros (2.7 billion dollars), […]

The online economy is growing, and not just in the United States. South Asia is all about the e-commerce train, and the proof is in the pudding. Business of Fashion has reported that South Asia's internet economy, will reach 50 billion dollars this year. This puts it on trajectory to grow fourfold by […]

Shopping centre giant Westfield, which has two centres in London, is being acquired by Paris-based Unibail-Rodamco to create the “world’s premier developer and operator of flagship shopping destinations” in a 24.7 billion dollar deal. The deal, which has been unanimously recommended by Westfield’s board […]

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