Swedish fashion giant H&M swung to a loss in the first quarter of the year as it continued to feel the impact of the pandemic. The company reported a loss after tax of 1.07 billion Swedish kronor in the three months to February 28, compared to a profit of 1.93 billion kronor a year earlier. It came […]

The TJX Companies, Inc. has announced a quarterly dividend on its common stock of 26 cents per share payable June 3, 2021, to shareholders of record on May 13, 2021. The TJX Companies is an off-price retailer of apparel and home fashions in the U.S. and worldwide. As of January 30, 2021, the end of […]

For the fourth quarter of 2020, net revenue at Lululemon Athletica increased 24 percent to 1.7 billion dollars, while on a constant dollar basis, net revenue increased 22 percent. The company’s net revenue increased 21 percent in North America and increased 47 percent internationally. Total comparable […]

Fourth quarter revenue at PVH Corp. decreased 20 percent or decreased 23 percent on a constant currency basis to 2.090 billion dollars compared to the prior year period. Loss per share on a GAAP basis was 81 cents compared to 93 cents in the prior year period and loss per share on a non-GAAP basis was […]

“China is a challenge in itself”. This verdict is that of Nicolas Santi-Weil, CEO of the independent brand Ami Paris, keen observer of the Chinese market since 2007 and participant of a webinar organized by Tmall Luxury. Titled "China and luxury: major trends and sharing of experience", this workshop […]

Nike has launched a legal case against American rapper Lil Nas X and MSCHF Product Studio Inc, who together launched a limited edition customised Nike trainer on Monday. Called the “Satan Shoe” the devil-themed Nike Air Max 97 are said to contain one drop of blood in the shoe’s sole, of which 666 pairs […]

Canadian urban athletic apparel brand RYU Apparel has announced plans to acquire Vancouver-based Kosan Travel Apparel as it bets on “a big resurgence of travel in 2022”. RYU said it has entered into a share exchange agreement with Kosan Travel Company Ltd., a private arm’s length British Columbia corporation, […]

Australian online retailer MySale has returned to profitability in the first half of the year following its restructuring to an “inventory light market place platform” focused on the ANZ market. For the six months to December 31 2020, the company reported EBITDA of 2.5 million Australian dollars, compared […]

As retailers continue to adapt in COVID-19 world, they’re also noticing a rise in shrink. Opportunistic theft in particular is growing, as criminals seem to be taking advantage of retailers being distracted by the pressures of running stores under strict safety guidelines. New advances in video technology […]

Klättermusen, maker of mountaineering equipment, has entered a global partnership encompassing distribution, retail and creative collaboration, with Italian streetwear company Slam Jam. Beyond distribution and retail, Slam Jam will also collaborate with Klättermusen as a full-stack go-to-market global […]

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