For the year ended March 31, 2017, total revenue at Burberry of 2.8 billion pounds (3.6 billion dollars), was down 2 percent underlying but up 10 percent at reported FX. Adjusted profit before tax of 462 million pounds (598 million dollars), declined 21 percent underlying but rose 10 percent at reported […]

London - Following Luxottica Group merger with French lens maker Essilor, the Italian eyewear firm is set to withdraw from the New York stock exchange. The eyewear group, which is also listed on the stock exchange in Milan, noted maintaining a listing in the United States represented "significant administrative […]

The TJX Companies net sales for the first quarter of fiscal 2018 increased 3 percent to 7.8 billion dollars and consolidated comparable store sales increased 1 percent over last year's 7 percent increase. Net income for the quarter was 536 million dollars and diluted earnings per share were 0.82 dollar […]

India's battle of online retailers has just gotten more interesting with Snapdeal co-investor Nexus Venture Partners (NVP) agreeing to sell the e-commerce portal to Flipkart; this week itself could see the signing of a term sheet. Japan-based Softbank, with a share of 30 percent the largest shareholder […]

Crocs revenues in the first quarter of 267.9 million dollars, decreased 4.4 percent on a constant currency basis, compared to the first quarter of 2016. Commenting on the results, Gregg Ribatt, Chief Executive Officer, said in a statement, “During the first quarter of 2017, we continued to execute against […]

In the first quarter ended March 31, 2017, consolidated net sales at Asics decreased 4 percent or 1.3 percent using the previous fiscal year’s foreign exchange rate to 113,052 million yen (993 million dollars). Gross profit decreased 1.3 percent to 51,524 million yen (452 million dollars), operating […]

GMV from the online direct sales business at JD.com was 107.9 billion Chinese yuan (15 billion dollars) in the first quarter of 2017, up 42 percent from the first quarter of 2016. JD.com reported net revenues of 76.2 billion Chinese yuan (11.1 billion dollars), were up 41 percent. "The strong results […]

Tod’s Group consolidated sales for the first quarter of 238.5 million euros (261 million dollars), were down 4.4 percent from Q1 2016. At constant exchange rates, including the related effects of hedging contracts, the company said, sales would have been 237.1 million euros (260 million dollars), down […]

In the first quarter of 2017, Moncler recorded revenues of 276.2 million euros (303 million dollars), an increase of 16 percent at current exchange or 15 percent at constant exchange rates compared to revenues of 237.3 million euros (260 million dollars) in the same period of 2016. Commenting on the […]

Adidas reported a strong start into the year with currency-neutral revenues increasing 16 percent. The company said, this development reflects an 18 percent increase at brand Adidas as well as a 13 percent increase at the Reebok brand. In euro terms, sales were up 19 percent in the first quarter to […]

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