Nike provided an overview of its progress on key strategic initiatives to achieve sustainable, profitable long-term growth. During an investor meeting at its world headquarters near Beaverton, the company announced a revenue target of 50 billion dollars by the end of fiscal year 2020. Additionally the […]

REPORTNet revenues at Levi Strauss & Co for the third quarter ended August 30, 2015 declined one percent on a reported basis but grew seven percent on a constant-currency basis. The company said that a seven percent increase in sales was due to product introductions in the Americas including the Levi's […]

REPORTLVMH Moët Hennessy Louis Vuitton, reported an 18 percent increase in revenue, reaching 25.3 billion euros (28.7 billion dollars), for the first nine months of 2015. Organic revenue grew 6 percent compared to the same period in 2014. The Group recorded strong growth in Europe and the United States, […]

ANALYSISWhat has been named by many as a chronicle of a death foretold, has finally turned into a reality for American Apparel. After months of speculation, internal wars, financial struggles and heaps of polemic, the apparel retailer has called it a day. Now, the fashion business looks beyond the bankruptcy […]

REPORTNet sales at Gap for the five-week period ended October 3, 2015 decreased 1 percent to 1.46 billion dollars compared with net sales of 1.48 billion dollars for the five-week period ended October 4, 2014. On a constant currency basis, September 2015 net sales increased 2 percent compared with last […]

REPORTBritish designer Stella McCartney aims to add new retail locations to the existing store portfolio. The move comes after the company reported 11 percent rise in sales to 31.6 million pounds (48.2 million dollars) and increase in profit before tax to 5.6 million pounds (8.5 million dollars) for […]

Draper James, a Southern-inspired lifestyle and fashion line founded by actress Reese Witherspoon, has raised 10 million pounds in its Series B financing round. The round was led by venture capital firm Forerunner Ventures, with participation from Stone Canyon Industries and existing investor JH Partners. […]

London - American Apparel has found its way into the media spotlight once more as news broke the troubled fashion retailer filed for bankruptcy protection on Monday. The fashion company, which filed for Chapter 11 in the US Bankruptcy Court in Delaware this morning, aims to reorganise its debt - a move […]

September 2015 same-store sales at Uniqlo Japan, a part of the Fast Retailing Group, increased by 2.6 percent year on year. While sales at its own stores increased by 3.1 percent, total sales including online sales increased by 3.4 percent. The company said that same-store sales rose year on year in […]

Nike and Adidas beware - there’s a new sportswear brand on the block keen to take a bigger slice of the global sportswear pie, namely Under Armour. The Baltimore-based Under Armour already surpassed Adidas in the US in terms of apparel and footwear sales in 2014 and is predicted to become a runaway […]

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