REPORT Announcing its financial results for the second quarter, Chico’s reported adjusted net income of 35.5 million dollars compared to net income of 30.1 million dollars for the thirteen weeks ended August 2, 2014. Adjusted earnings per diluted share were 0.25 dollar compared to earnings per diluted […]

Portuguese luxury fashion rental start-up Chic by Choice (CBC) has just announced the acquisition of its German competitor La Remia for an undisclosed sum. As reported in a exclusive by ‘Techcrunch’, Anna Mangold and Claudia von Boeselager, the founders of La Remia, will stay on board as advisors. CBC […]

American Apparel Inc. is reportedly seeking advisers to help put together a plan to restructure the company in bankruptcy court, according to two people with knowledge of the matter. As reported by Bloomberg early morning Wednesday, the troubled apparel retailer would have made calls in recent weeks […]

New York - No one is letting Apple have the sole monopoly on the smartwatch. Swatch's CEO Nick Hayek was quoted saying to Swiss newspaper Tages-Anzeiger "Our product is called Touch Zero One and that gives enough room for Zero Five, Zero Nine. The Touch Zero One is not the end of the progression." While […]

REPORT Charles Vögele's results for the first half of 2015 were suffered because of tougher operating conditions. Group net sales fell 13.3 percent to 392 million Swiss francs (419.4 million dollars) due to the negative effect of exchange rates. After adjusting for exchange rates and like-for-like, […]

Interluxe Holdings, the New York-based fashion and luxury investment firm that bought a majority stake in Jason Wu last year, has added contemporary brand A.L.C. to its portfolio. Founded in 2009 by former stylist Andrea Lieberman, A.L.C. has gained a reputation for its relaxed silhouettes, cool separates […]

Apparently suing high end fashion brands is all the rage right now. First Jeremy Scott, and now Ralph Lauren. A patent designer has filed an infringement lawsuit in a Texas federal court alleging Ralph Lauren Corp. knocked off his design for a handbag with an interior that illuminates and can also charge […]

REPORT Foot Locker, for its second quarter ended August 1, 2015, reported comparable-store sales increase of 9.6 percent. Total sales increased 3.3 percent to 1,695 million dollars this year, compared with sales of 1,641 million dollars for the corresponding prior-year period. Excluding the effect of […]

German fashion chain Gerry Weber is prepared to axe a series of jobs, as the company hopes to remove any weak areas in the business following a sluggish performance during the first half of its financial year 2014/2015, during which operational profit dropped 26.8 percent to 36.2 million euros. It remains […]

REPORT Reporting its second quarter fiscal year 2015 results, Gap also reaffirmed its full-year earnings per share guidance to be in the range of 2.75 dollars to 2.80 dollars. Gap’s comparable sales for the second quarter were down 2 percent versus flat last year and net sales decreased 2 percent to […]

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