The British luxury fashion retailer Jigsaw is on the look-out for a new buyer on Friday. And one rather urgent, according to company’s sources. Weakening retail sales and rising inflation would have pushed Jigsaw’s controlling shareholder John Robinson and founder of the brand to hire KPMG to help it […]

Shares at J.C. Penney shares fell sharply on Friday after the retailer warned its third-quarter loss would be substantially worse than expected by the market. The key reason for such a weak quarterly performance lies in heavy discounting on its apparel lines. Based on recent performance, J.C. Penney […]

As hip-hop and fashion continue to go hand-in-hand, Puma has announced that rapper and CEO YoGotti will be their next brand ambassador. "Puma has been an iconic name in the fashion world for decades, their ability to remain at the top of the game in not only sportswear, but in culture and fashion is […]

Providing an update on its third quarter performance, J. C. Penney Company said that it expects comparable store sales will increase in the range of 0.6 percent to 0.8 percent and adjusted earnings per share to be in the range of 0.45 dollar to 0.40 dollar. "Based on the encouraging results from a third […]

Sportswear brand Puma has signed a long-term partnership with French sprinter Jimmy Vicaut. The company said, current European 100m record holder will wear Puma both on and off the track and will appear in marketing campaigns for the brand. Commenting on the development, Björn Gulden, CEO of Puma said […]

For its third quarter ended September 30, 2017, Amazon.com said that net sales increased 34 percent to 43.7 billion dollars and includes 1.3 billion dollars from Whole Foods Market, which Amazon acquired on August 28, 2017. Excluding Whole Foods Market and the 124 million dollars favourable impact from […]

Goldwin Inc. has acquired a minority stake in Woolrich International, through a purchase of shares from WP Lavori in Corso, Woolrich International’s majority shareholders, and a dedicated capital increase. The partnership is set to develop a premium outdoor collection designed with Goldwin’s state-of-the […]

Deckers Brands second quarter net sales declined 0.7 percent to 482.5 million dollars compared to 485.9 million dollars for the same period last year. On a constant currency basis, net sales decreased 0.3 percent. Gross margin was 46.7 percent compared to 44.5 percent for the same period last year, […]

Columbia Sportswear Company has announced net sales of 747.4 million dollars for the third quarter ended September 30, 2017, an increase of less than 1 percent compared with net sales of 745.7 million dollars for the third quarter of 2016. Net income increased 5 percent to 87.7 million dollars or 1.25 […]

Restoque, owner of brands like Le Lis Blanc, Dudalina, Rosa Chá and John John, closed the third quarter of 2017 with a net loss of 6.4 million Brazilian real (1.9 million dollars), 27.7 percent lower than the loss of 8.8 million Brazilian real (2.7 million dollars), the company reported in the same […]

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