Crocs, Inc. raising its revenue guidance for the fourth quarter ended December 31, 2019 said, it now expects revenue to be between 260 and 262 million dollars, up from its previous guidance range of 245 to 255 million dollars and compared to 216 million dollars in the fourth quarter of 2018. With respect […]

American Eagle Outfitters, Inc. has announced that fourth quarter comparable sales to date are approximately flat, following a 6 percent comp increase last year. The company reaffirms its previously issued fourth quarter EPS guidance in the range of 34 cents to 36 cents per diluted share. “Despite some […]

Abercrombie & Fitch Co. reaffirming its outlook for the fourth quarter of fiscal 2019 said that the company expects net sales to be in the range of flat to up 2 percent, reflecting an adverse impact from changes in foreign currency exchange rates of approximately 5 million dollars, comparable sales […]

Online British retailer Shop Direct has today rebranded to The Very Group, a move the company says “reflects the next phase of the business’ ongoing transformation”, and one that brings its name and identity in line with its flagship consumer brand, Very. The company also said it will launch a recruitment […]

RTW Retailwinds, Inc. has said that following poor holiday sales, it now expects comparable store sales for the fourth quarter to be down 8 percent to 10 percent, as compared to the same period last year. The operating loss for the quarter is now expected to reflect a loss in the low to mid 20 million […]

Chico’s FAS, Inc. has announced the resignation of executive vice president and chief financial officer Todd E. Vogensen, effective January 17, 2020, to accept a CFO position with another company. The company added that Jennifer Ellis, Senior Vice President, Finance, has been appointed Interim Chief […]

Luxury groups have started the new decade on a high note. In France, LVMH and Hermès recorded their highest stock value this week. The Louis Vuitton group, which is led by Bernard Arnault, recorded a share price of 423.5 euros, then remained around this quota which capitalised the business at 213 billion. […]

The year 2019 started with sportswear brands taking the lead and presenting recyclable and eco-friendly products. In the spring and throughout the year, denim companies upped their game and came out with responsible ways of producing one of the industry’s most wasteful products. The summer saw brands, […]

In December, it was heartening to see that brands and retailers are not only thinking about products like clothing and accessories when it comes to sustainability but also product packaging, fabric and other recycling, powering stores and offices with renewable energies and involving consumers every […]

Kering-owned French luxury label Saint Laurent has plans to open a new manufacturing site for handbags and wallets outside of Florence. Francesca Bellettini, president and CEO of Gucci, told reporters that Gucci would be moving 340 workers to a new 29,000-square-foot site in Scandicci in addition to […]

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