The U.S. feminine fashion retailer has made a strategic decision to compete with other clothing rental firms like Rent the Runway, in an attempt to revitalize its struggling fashion business. The brand, long a staple of women's workwear in the U.S., is launching a subscription clothing service, ‘Infinite […]

London - It is the era of an for print magazines, as leading publisher Condé Nast is set to fold Teen Vogue's quarterly print edition and reduce the frequency of publication of other key titles such as Glamour, GQ and Allure. The announcement comes after an internal restructuring, as Condé Nast aims […]

VF Corporation and Icebreaker Holdings, a privately held company based in Auckland, New Zealand, have signed a definitive purchase agreement. The company said in a statement that on a trailing 12-month basis, Icebreaker Holdings generated approximately 150 million dollars of revenue and the transaction […]

Gildan Activewear generated growth in earnings per shareduring the third quarter, with EPS of 0.52 dollar and adjusted EPS of 0.53 dollar up 6 percent compared to the prior year. The company said, stronger than expected adjusted EPS was due to more favourable product mix in printwear, earnings contribution […]

Ralph Lauren Corporation has reported earnings per diluted share of 1.75 dollars on a reported basis and 1.99 dollars on an adjusted basis, excluding restructuring-related and other charges that were primarily related to activities associated with the company’s Way Forward plan. This compared to earnings […]

For the third quarter of fiscal 2017, currency-adjusted sales at Hugo Boss were up 3 percent to 711 million euros (828 million dollars), while retail comparable store sales rose 5 percent. The company said EBITDA before special items was broadly stable at 142.9 million euros (166 million dollars). The […]

Australian departmental store chain Myer announced Q1 sales of 699 million dollars, down 2.8 percent for the 13 weeks to October 28, 2017. Sales on a comparable basis were down 2.1 percent, while sales per sq. mtr. were up 3.6 percent. Commenting on the company’s performance, Myer Chief Executive Officer […]

The Oeko-Tex Association presented findings of a massive research study yesterday that it commissioned to shed light on consumer attitudes worldwide about sustainability, harmful substances in textiles, certification and the lives of those who make home textiles and clothes. The ground-breaking study, […]

October 2017 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, increased by 8.9 percent year on year while sales at the company-owned stores increased by 6.4 percent. Total sales including online sales increased by 8.9 percent. The company attributed same-store […]

L Brands net sales of 794.1 million dollars for the four weeks ended October 28, 2017, increased 5 percent, compared to 756.7 million dollars for the four weeks ended October 29, 2016. Comparable sales increased 2 percent for the period. The company said, for October, the exit of the swim and apparel […]

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