After presenting the Christmas business and in light of the ongoing market weakness in January 2019, the management board of Wolford Ag has announced that it does not expect the company to achieve positive operating earnings (EBIT) in the current 2018/19 financial year. The board has therefore revised […]

Marks and Spencer Plc (M&S) has revealed locations of 17 further stores, which it plans to close as a part of its previously announced five-year plan to shutter over 100 stores by 2022, reports BBC. The store closures are expected to impact 1,045 staff members, who, the company said, will now be a part […]

Total sales at John Lewis, the company said in a statement, were up 0.7 percent for the week ending January 12, 2019, on last year driven by customers continuing to shop clearance offers and beginning to shop Spring/Summer ranges. Fashion sales during the week were up 4.9 percent. The company added […]

British sustainable fashion designer Christopher Raeburn is rebranding his eponymous label to ‘Raeburn’ to coincide with the brand’s 10-year anniversary. The re-brand, which also includes a new logo, follows the recent appointment of Christopher Raeburn as Timberland’s first global creative director, […]

ANALYSIS New York - Shares of Lululemon Athletica Inc. jumped in early trading Monday after the yoga apparel brand increased its fourth-quarter guidance for sales and profit. The news lifted the mood across the apparel sector, battered with overall poor holiday sales figures. Lululemon enjoyed the best […]

American Eagle Outfitters, Inc. (AEO) has announced that fourth quarter comparable sales to date, through January 13, 2019, have increased 6 percent, following an 8 percent comp increase last year. The company reiterated its previously issued fourth quarter EPS guidance in the range of 40 cents to 42 […]

Premium Berlin is a trade show during the fashion week that puts fashion and lifestyle in the high-end segment together in this size and quality for international buyers. The Council of Fashion Designers of America, Inc. (CFDA) is a non-profit trade association that aims to strengthen the impact of […]

Crocs, Inc. anticipates fourth quarter revenues of 211 to 214 million dollars compared with prior guidance of 195 to 205 million dollars. The company continues to expect gross margin to increase by 80 to 100 basis points over 45.4 percent in the fourth quarter of 2017. Crocs now anticipates 2018 revenues […]

Abercrombie & Fitch Co. has reaffirmed its previously issued outlook for the fourth quarter of fiscal 2018. Driven by the loss of fiscal 2017's 53rd week and adverse impacts from both the calendar shift and changes in foreign currency exchange rates, net sales are expected to decrease mid-single digits, […]

New York - The British fashion retailer has put its ownership in the hands of its lenders after failing to repay its piling debt, currently at the 1.35 billion pounds mark. The deal will see 72 percent of the business secured by New Look’s creditors. New Look started the week on a positive note: after […]

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