Consolidated revenue for H1 2017/18 at IC Group amounted to 1,483 million Danish krone (246.7 million dollars) corresponding to a reduction of 2.2 percent or 1.5 percent in local currency). The company said, revenue decreased in the wholesale channel whereas the retail channel reported increased revenue. […]

Net sales for the fiscal year 2018 first quarter at Delta Apparel, Inc. were 90.3 million dollars, an increase of 14.4 million dollars or 19 percent, from prior year first quarter sales of 75.9 million dollars excluding the 9.4 million dollars of sales from the company’s since-divested Junkfood business. […]

Troubled Chinese conglomerate Wanda announced Monday that e-commerce giant Alibaba has agreed to buy a stake in its cinema division for around 750 million US-dollars, the latest sell-off by the heavily-indebted group. Wanda Film said in a regulatory filing that Alibaba will buy a 7.66 percent stake […]

London - The Burberry Foundation, the independent charity founded by Burberry in 2008, has teamed up with charity Oxfam and PUR Projet to launch a new programme supporting rural cashmere producing communities in Afghanistan. Together the organizations will launch a five-year programme, the first of […]

Aussie retailers are fighting omni-present Amazon with strike in its home turf: a 160 million dollars automated e-commerce warehouse. The warehouse, created by Toll, will be built upon 50 million dollars’ worth of automation. The advanced technology reduced the staff need to a tenth of its original […]

ANALISIS Bondholders of New Look have appointed Rothschild investment bank to protect their interests in case the financial struggles the company is going through provoke a corporate overhaul. The market expects the troubled retailer to report continued losses and falling sales when it publishes a trading […]

Aditya Birla Fashion and Retail Ltd (ABFRL), the company managing Forever21 in India, has started downsizing the American brand presence in the country following a decline in sales. The Indian licensee of the American fast fashion brand is downsizing the brand’s stores and cutting costs as sales from […]

The Bon-Ton Stores announced on February 4, 2018 that the company has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code. The company added that it is currently in discussions with potential investors and its debt-holders regarding […]

January 2018 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, decreased by 2.4 percent while sales at the company’s own stores decreased by 4.2 percent. Total sales including online sales decreased by 2.3 percent. The company said, despite the record cold weather […]

Deckers Brands for the third fiscal quarter ended December 31, 2017 reported net sales increase of 6.6 percent to 810.5 million dollars compared to 760.3 million dollars for the same period last year. On a constant currency basis, net sales increased 6.3 percent. Diluted earnings per share for the quarter […]

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