London - The 285 billion dollar luxury goods industry is to see a slowdown this year, according to market consultants Bain & Co. In its latest forecasts for the luxury market, sales are expected to slow to just 1 percent this year at exchange rates, compared to a growth of 1.5 percent in 2015. Figures […]

REPORTThe Fast Retailing Group reported a rise in revenue but a fall in profit in the first half of fiscal 2016, or the six months from September 1, 2015 to February 29, 2016. Consolidated revenue increased 6.5 percent year-on-year, while consolidated operating profit totalled 99.3 billion yen (914.4 […]

London - Even colossal fast fashion companies the size of H&M are not immune to global events. Warm weather, a strong dollar, high markdowns, extended clearance sale times, all which led to a Ioss of profit for the Swedish high street giant. Q1 saw a hefty 30 percent fall in net profit, owing to ‚Äúsubstantially […]

REPORTH&M sales including VAT, for the first quarter from December 1, 2015 to February 29, 2016, increased by 9 percent in local currencies. Converted into SEK, sales including VAT increased by 8 percent to 50,624 million Swedish krona (6,214 million dollars). Sales excluding VAT amounted to 43,691 […]

REPORTErmenegildo Zegna Group has reported a 36.6 percent decline in its profits for the last year on the back of low demand in Greater China coupled with investments in retail expansion in growth markets such as Japan and UAE. The company said that its net profit to December 31, 2015 decreased to 45 […]

REPORTMarch 2016 same-store sales at Uniqlo Japan decreased by 0.3 percent year on year, while sales at its own stores increased by 0.6 percent. Total sales including online sales increased by 2.5 percent. The company has said that warm weather early in March helped ensure a favourable launch of spring […]

REPORTAfter Italian PE firm Clessidra SGR gained a controlling stake in the Roberto Cavalli group last year, the company said that its net profit stood at 32.7 million euros (37.2 million dollars) at the end of December 31, 2015. Revenues decline 14.2 percent Returning to profitability after reporting […]

REPORTLululemon Athletica net revenue for the fourth quarter ended January 31, 2016 increased 17 percent to 704.3 million dollars from 602.5 million dollars in the same quarter, last year. Net revenue for the fiscal year increased 15 percent to 2.1 billion dollars from 1.8 billion dollars in fiscal […]

REPORTDuring the year 2015, H&M has confirmed in its annual results that sales totaled 210 billion Swedish krona (25.7 billion dollars) including VAT, which is an increase of 19 percent in SEK. In local currencies the increase was 11 percent. Profit for the year after tax increased to 20.9 billion Swedish […]

REPORTIconix Brand Group said that in the fourth quarter licensing revenue was approximately 94.7 million dollars, a 1 percent decline as compared to approximately 96 million dollars in the same quarter of 2014. Full year licensing revenues were approximately 379.2 million dollars, a 3 percent decline […]

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