REPORTGap net sales for the five-week period ended July 2, 2016 increased 2 percent to 1.57 billion dollars compared with net sales of 1.54 billion dollars for the same period ended July 4, 2015. “We are pleased to see better performance across the portfolio this month, partly driven by an improvement […]

REPORTL Brands reported net sales increased 7 percent to 1.296 billion dollars for the five weeks ended July 2, 2016, compared to net sales of 1.207 billion dollars for the five weeks ended July 4, 2015. Comparable sales for the period increased 6 percent. The company reported net sales of 4.727 billion […]

REPORTJune 2016 same-store sales increased by 4.5 percent year on year at Uniqlo Japan, a part of Fast Retailing Group, while sales at its own stores increased by 4.7 percent. Total sales including online sales increased by 6 percent. The company said, same-store sales rose year on year in June owing […]

BREAKINGThe commericial court of Paris has ordered Kering, the parent company of Saint Laurent, to pay a total of 13 million US dollars in damages to its former creative director Hedi Slimane, according to Hervé Temime, Slimane's lawyer, reports AFP. The ruling comes after the Slimane filed a lawsuit […]

REPORT The consolidated net revenues of the Prada Group for the six months ended July 31, 2015 amounted to 1,823 million euros (1,999 million dollars), with a 4 percent increase compared to the corresponding period in 2014, because of the positive performance of retail channel which more than compensated […]

American Apparel, the troubled chain that boasts of "Made in the USA" fashions, filed for voluntary bankruptcy protection early on Monday on the back of a growing list of woes. The Los Angeles-based company has been embroiled in a drawn-out legal battle with its ousted founder and former chief executive […]

Surf-inspired company Billabong International Ltd. recently just announced plans to sell one of its skate brands. The Australia-based company will be selling its Sector 9 brands for 12 million dollars, as reported by WWD. The deal includes selling Sector 9 to an affiliate of Bravo Sports. The brand […]

REPORTNike has said that while strong global demand fuelled revenue increases across all geographies in fiscal 2016, and positive rise in international revenue drove growth in the fourth quarter, diluted earnings per share for the quarter were flat at 0.49 dollar. Fiscal 2016 diluted earnings rose 17 […]

French designer Isabel Marant is reportedly in talks with French investment fund Montefiore to sell her namesake fashion label. The sought-after brand is currently valued at circa 300 million euros. After decades of being independent, Isabel Marant could be looking to sell a majority stake in her namesake […]

London - The UK had voted to exit the European Union in the landmark EU Referendum which occurred on Thursday. Prime Minister David Cameron, who was in favour of the UK remaining in the EU, is set to step down from office following the results of the referendum which saw the Leave campaign secure 52 […]

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