Skechers USA net sales for the third quarter increased 16.2 percent to 1.095 billion dollars compared to third quarter 2016. Earnings from operations were 116.5 million dollars or 10.6 percent of net sales, which was an increase of 13.1 million dollars or 12.7 percent over the third quarter of 2016. […]

The Korean asset manager IMM Private Equity has announced it will be acquiring a 60 percent stake in fashion retailer W Concept Korea from its parent firm ISE Commerce, for 61.2 billion won (circa 54.2 million dollars). After the deal closes, ISE Commerce will retain a 20 percent holding in the fashion […]

Announcing the acquisition of Alternative Apparel, HanesBrands said that it expects to report third-quarter net sales of approximately 1.80 billion dollars, EPS of approximately 0.55 dollar, and adjusted EPS of about 0.60 dollar – consistent with the company’s previous guidance. Hanes also expects year-to-date […]

London - H&M Group, parent company of leading Swedish fashion retailer H&M, has taken a minority stake in Swedish company re:newcell to help speed up its transition to a circular business model. Re:newcell uses a new technique to recycle used cotton, viscose, and other cellulosic fibers into a new, […]

Zalando said group revenues grew between 1,064-1,081 million euros (1,251-1,272 million dollars) or by 27.5-29.5 percent in the third quarter of 2017, on top of a 17.1 percent growth reported in the third quarter of 2016, according to preliminary figures. For the same period, Zalando expects to achieve […]

As speculated earlier, Footasylum, a UK-based fashion retailer has announced its intention to float an IPO on the London Stock Exchange. The company said that dealings in the company's ordinary shares on AIM are expected to commence in November 2017. Meanwhile, Barry Bown will be joining the company’s […]

Lighthouse, a middle market private equity firm focused on growth investments in India's consumer sector, has invested 760 million Indian Rupee in V2 Retail, one of India's fastest growing, pure play apparel value retailers. V2 Retail provides a one-stop apparel solution for the whole family and the […]

Asos has reported retail sales growth of 34 percent to 1,876.5 million pounds (2,484 million dollars) for the year to August 31, 2017, driven by strong product, proposition improvements and further price investments across major markets. Continuing profit before tax and exceptional items grew by 26 […]

Wolford AG has revealed implementation of its cost reduction measures, which mainly involves the downsizing of its administrative staff. Since July 2017, Wolford has already decreased its workforce by 41 full-time positions, by natural attrition or by not filling vacant positions. The company added […]

Richemont has announced that trading for the six months ended September 30, 2017 showed sales rising 10 percent on a reported basis and 12 percent on a constant currency basis compared to the prior year period. On this basis, Richemont expects its operating profit for the period under review to post […]

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