Ermenegildo Zegna Group reported a decline of 7 percent at constant exchange rates, while the year before they had grown by 4 percent, Fashion Network reports. The company’s statement said revenues decreased from 1.261 billion euros (1.343 billion dollars) in 2015 to 1.156 billion euros (1.231 billion […]

ANALYSISThe announcement of the closure of Ralph Lauren’s flagship store in New York has shaken the fashion industry inside out. Market experts, however, praise the move, highlighting that this is just one of the many measures designed to save the company 140 million dollars in annualised expenses. […]

L Brands reported net sales decrease of 7 percent to 951.4 million dollars for the five weeks ended April 1, 2017, compared to net sales of 1.027 billion for the five weeks ended April 2, 2016. The company said, comparable sales for the period decreased 10 percent and were negatively impacted by the […]

The TJX Companies’ Board of Directors has approved a 20 percent raise in its quarterly dividend from the last dividend paid. The Board declared a regular quarterly dividend in the amount of 0.3125 dollar per share, payable June 1, 2017, to shareholders of record on May 11, 2017. Commenting on the increase […]

L Catterton, the world’s largest consumer-focused private equity firm backed by luxury conglomerate LVMH, is looking to create the largest independent swimwear and beach lifestyle business through its investments in Seafolly and Maaji. The global swimwear and beach lifestyle platform will combine Australian […]

March 2017 same-store sales decreased by 1.1 percent year on year at Uniqlo Japan, a part of Fast Retailing Group. The company said, sales at the company-owned stores excluding online sales decreased by 1.7 percent. Total sales including online sales decreased by 1.2 percent. Commenting on the reason […]

London - Coty, one of the largest names in the beauty industry, has just entered into a strategic partnership with one of the leading names in the luxury fashion sector: Burberry. On Monday morning Coty Inc announced it has entered into an exclusive agreement to acquire the long-term global rights of […]

ANALYSISShares of Under Armour Inc (UAA.N) could rise as much as 30 percent and the company is likely to increase sales at a double-digit clip for years to come as it has several markets left to tap fully, Barron's said in a report on Sunday. The recent deal with department store operator Kohl's Corp […]

VF Corporation’s revenue through 2021 is expected to grow at a five-year compounded annual growth rate (CAGR) between 4 percent and 6 percent. The company, announcing a strategic growth plan said that the growth would be fuelled by VF’s largest brands - the Vans, The North Face and Timberland brands […]

The H&M group’s sales including VAT amounted to 54,369 million Swedish krona (6,125 million dollars) in the first quarter, an increase of 7 percent. Sales excluding VAT amounted to 46,985 million Swedish krona, an increase of 8 percent, while sales in local currencies increased by 4 percent. The company […]

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