German fashion chain Gerry Weber is prepared to axe a series of jobs, as the company hopes to remove any weak areas in the business following a sluggish performance during the first half of its financial year 2014/2015, during which operational profit dropped 26.8 percent to 36.2 million euros. It remains […]

REPORT Reporting its second quarter fiscal year 2015 results, Gap also reaffirmed its full-year earnings per share guidance to be in the range of 2.75 dollars to 2.80 dollars. Gap’s comparable sales for the second quarter were down 2 percent versus flat last year and net sales decreased 2 percent to […]

DHAKA - After nearly 27 months of the collapse of the Rana Plaza building, located on the outskirt of Bangladesh's capital Dhaka, which housed five garment factories, killing at least 1,136 workers and injuring many, the heirs and victims of the apparel industry's deadliest incident at last got the […]

REPORT American Eagle Outfitters reported EPS of 0.17 dollar for the second quarter ended August 1, 2015, a significant increase from EPS of 0.03 dollar for the comparable quarter last year, and above EPS guidance of 0.11 dollar to 0.14 dollar. Total net revenue increased 12 percent to a record 797 […]

ANALYSISIf barely a week ago American Apparel rang all the alarms by missing the regulatory filing deadline to submit its second-quarter results as they were worse than expected, now the troubled retailer warns it might not have enough money even to keep the business afloat for another year. So, as […]

When Abercrombie & Fitch went on their hiring spree in June, they were still looking to fill the imperative role of women's designer. Finally, the role has been filled. Kristina Szasz, previously design director for Tommy Hilfiger denim and Karl Lagerfeld, will be stepping into the role of Abercrombie […]

REPORT Urban Outfitters announced net income of 67 million dollars and 100 million dollars for the three and six months ended July 31, 2015, respectively. Earnings per diluted share were 0.52 dollar and 0.76 dollar for the three and six months, respectively. Total company net sales increased 7 percent […]

REPORT The H&M Group’s sales including VAT increased by 16 percent in local currencies in July 2015 compared to the same month, the previous year. The total number of stores amounted to 3,649 on July 31, 2015 against 3,314 on July 31, 2014. Percentage sales development for the month of August and total […]

Despite neither Victoria Beckham, nor LVMH has said a word other than “not now” about the rumoured entry of the largest luxury group in the British designer’s eponymous label, several market insiders point out that the ex-Spice Girl might be certainly mulling new financial partners. As reported by the […]

Boss will expand its presence in China, revealed the fashion firm’s reference shareholder Gaetano Marzotto in an interview with the German paper ‘Welt am Sonntag’. "Up until now China accounts for less than 10 percent of group sales, this could be ramped up," Marzotto said in an interview on Sunday, […]

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