For the 74 weeks to June 30, 2016, total Group sales were 400.9 million pounds (522.2 million dollars) compared with the 53 week period last year. Like-for-like sales grew by 4.1 percent over the same period. However, fashion category sales that includes adult fashion, fashion accessories and perfumery […]

Urban Outfitters announced net income of 77 million dollars and 106 million dollars for the three and six months ended July 31, 2016, respectively. Earnings per diluted share were 0.66 dollar and 0.91 dollar for the three and six months, respectively. Total company net sales for the second quarter increased […]

New York - Ben Sherman is a brand familiar to many of us. The British-based company has been around since 1963, and has stores everywhere from London to SoHo. Recently, the brand has started stepping up their international retail presence. Several months ago, Marquee brands announced their partnership […]

New York - International luxury e-commerce site Farfetch has reached its one millionth customer. Since the London-based company was founded in 2008, they have quickly grown into one of the biggest names in the luxury online retail market. Farfetch, a platform for selling designer brands curated from […]

London - Luxury online retailer Net-a-Porter has teamed up with Cathay Pacific to launch its debut inflight e-commerce venture. The new partnership sees Net-a-Porter and its male counterpart, Mr Porter, launch their e-commerce platforms on Cathay Pacific A350 aircrafts via its new inflight wifi to offer […]

The global fashion market is a leading industry well known for key players, such as Inditex, LVMH, H&M and Nike and is valued at 3 trillion dollars, or 3,000 billion US dollars. The fourth installment of FashionUnited’s series takes a closer look at the fashion industry in China. With 336 billion US […]

The H&M group’s sales including VAT increased by 10 percent in local currencies in July 2016 compared to the same month the previous year. The total number of stores amounted to 4,105 on July 31, 2016 compared to 3,649 on July 31, 2015. H&M, founded in Sweden in 1947, retails fashion brands such as […]

Harris Associates has reduced its stake in Prada in a moment when the European luxury retailer fights to keep its turnaround plan on track. The US equity firm first invested in Prada in late 2014. The known as an activist investor, sold more than two million shares in Prada last week, reported ‘The […]

J. C. Penney Company’s comparable sales increased 2.2 percent for the second quarter, delivering a two-year stack of 6.3 percent. Net loss improved 52 percent to 56 million dollars or 0.18 dollar per share versus the prior year. “We are pleased with the sequential improvement we achieved throughout […]

Shares of Nordstrom Inc. (JWN) jumped 11 percent in extended hours on Thursday after the department store chain reported a second-quarter profit that trumped Wall Street estimates and lifted its full-year earnings outlook. Seattle-based Nordstrom's second-quarter profit plunged to 117 million dollar […]

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