Global Brands Group Holding announcing its interim results for the six months ended September 30, 2017 said that revenues decreased by 3.2 percent to 1,785 million dollars compared to the same period last year. The company said decline in sales was driven by the shift of retail buying to later in the […]

The Children’s Place reported net sales increase of 3.4 percent to 490 million dollars in the third quarter of 2017, while comparable retail sales increased 5.1 percent. Net income was 44.1 million dollars or 2.44 dollars per diluted share compared to 44.2 million dollars or 2.36 dollars per diluted […]

Forever 21 announced on Tuesday that customers who shopped in certain stores this year may have had their credit-card information stolen. This data breach might have specifically affected customers who shopped in the chain’s stores from March 2017 through October 2017. However, the number of people […]

ANALYSISContinuing with its strategic plan to compete head-to-head with Amazon for the title of online fashion mogul, Wal-Mart has announced a new partnership with Lord & Taylor. The retailer will add the U.S. fashion retailer’s clothing brands to its e-commerce platform. “Our goal is to create a premium […]

ANALYSISThe luxury e-tailer revealed Tuesday how heavily it has invested in new technology and attracting new talent as they advanced with their float plans. Despite the promising reported 5 billion dollar initial public offering of shares (IPO), the company’s results have revealed a swelling loss. […]

Poshmark has raised 87.5 million dollars in a funding round led by Singapore's state investor Temasek Holdings. The online fashion startup will use this investment for overseas expansion in Europe and Asia. It’s worth highlighting that this is the company's largest investment to date and pushes its […]

London-based fashion retailer Farfetch reported a considerable rise in revenues however its net loss widened to 34 million pounds (44 million dollars) compared to 28 million pounds (36 million dollars) last year, the company said in the accounts filed this week. However, the company posted revenue growth […]

The Alliance for Bangladesh Worker Safety, which currently covers 785 factories and close to 1.4 million workers, has realeased its fourth annual report today, announcing substantial factory safety improvements and the expansion of its worker training and empowerment initiatives within the past year. […]

Dick’s Sporting Goods reported consolidated net income for the third quarter ended October 28, 2017 of 36.9 million dollars or 0.35 dollar per diluted share compared to 48.9 million dollars or 0.44 dollars per diluted share. On a non-GAAP basis, consolidated net income was 31.9 million dollars or 0.30 […]

IC Group has announced that consolidated revenue for the first quarter of 2017/18 amounted to 810 million Danish krone (127 million dollars), a reduction of 4.8 percent or 4.4 percent in local currency. The company said, revenue decreased in the wholesale channel whereas the retail channel reported […]

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