Fashion mogul and Jimmy Choo's founder Tamara Mellon will close the year with positive news: after filing for Chapter 11 bankruptcy protection earlier in December, the court has granted her company a lifeline. Mellon's ultimate aim with the filing was to have the court approve her namesake brand's business […]

In a recent study, the National Retail Federation (NRF) predicts that fraudulent returns would account for 3.5 percent of 2014 holiday sales totalling around 3.8 billion dollars, what is slightly higher than the figure reached last year. In total, holiday shopping fraud is expected to cost retailers […]

Millions of shoppers swamped the high street in search of bargains as Selfridges recorded the most profitable hour in its 100 year history. Crowds lined streets across Britain from 1am before excitement spilled into violence as stores opened, with fights reportedly breaking out amid stampedes in some […]

REPORTNike reporting its financial results for its fiscal 2016 second quarter ended November 30, 2015 said that strong consumer demand drove revenue growth across the Nike Brand portfolio. Diluted earnings per share grew 22 percent, on the back of gross margin expansion, a lower effective tax rate and […]

Michael Kors has certainly enjoyed its time in the limelight. Filling a gap in the market, the brand appealed to millions of consumers around the world who were ready to invest in luxury brands, but not quite able to afford their high prices. But a shadow over the company has been spreading as the brand’s […]

REPORTPrada for the nine months ended October 31, 2015 reported consolidated net revenues of 2,582.5 million euros (2,824.2 million dollars), a 1.2 percent increase at current exchange rates on the corresponding period in 2014. Net Profit declined 26 percent to 235.1 million euros (257.2 million dollars). […]

REPORTThe H&M group’s sales including VAT increased by 4 percent in local currencies in November 2015 compared to the same month last year. The company said that the sales in November were negatively affected by the unseasonably mild weather in North America and in many of the H&M group’s large sales […]

Chinese internet giant Alibaba said Friday it would buy Hong Kong's South China Morning Post, following weeks of speculation over the future of the English-language newspaper. "(Alibaba) has entered into a definite agreement to acquire the South China Morning Post (SCMP) and other media assets of SCMP […]

Gap was once seen as the ultimate American brand for fashion basics, but over the years the US retailer has struggled to hold consumer interest as attention for its denim jeans and fleece pullover waned. Now with increasing competition from fast-fashion retailers, Gap's popularity is fading fast and […]

London - As things continue to look bleak for struggling fashion retailer American Apparel, founder and former CEO and Chairman Dov Charney announced plans for a potential offer to save the company he founded in 1989. According to a statement Charney released on Friday, he is currently "exploring plans […]

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