Foot Locker beat earnings estimates Friday reporting second-quarter revenue of 2.08 billion dollars, up 17 percent from the prior-year period. The New York-based footwear retailer said those figures were boosted by comparable-store sales which were up 18.6 percent in the quarter. The company reported […]

Gerry Weber has reported a drop in sales yet narrowing losses for the first half of the year after the company was impacted both by the Covid-19 pandemic and its ongoing restructuring. Group sales for the six months fell 43.3 percent to 140.5 million euros, compared to 247.7 million euros in the prior-year […]

Tmall owner Alibaba has reported a jump in sales and profits, beating earnings estimates for the quarter ending 30 June. Group revenue at the Chinese tech giant was up 34 percent in the quarter to 153.8 billion Chinese yuan (21.8 billion US dollars). Net income in the period was up 143 percent to 45.4 […]

Australian gym and fitness apparel label Ryderwear is opening third party logistics warehouses in the UK and US in a bid to slash delivery times for international customers. In the UK, Ryderwear is teaming up with Bleckmann, to open a warehouse located in Swindon. The warehouse will stock an estimated […]

Frasers Group has reported a 19.9 percent drop in profit in what it described as “the most challenging year in the history of the company”. That’s despite sales increasing 6.9 percent to 3.96 billion pounds in the period ending 26 April. The company said this increase was largely thanks to a 34.9 percent […]

Global Fashion Group S.A. (GFG) revenues increased 11.3 percent and net merchandise value (NMV) increased by 22.8 percent to 488.3 million euros for the second quarter. In euro terms, revenues dropped 1.8 percent to 336.1 million euros. The company said in a statement that marketplace NMV grew by 90 […]

Victoria’s Secret owner L Brands, Inc. has reported second quarter net sales of 2.319 billion dollars, a decrease of 20 percent compared to sales of 2.902 billion dollars for the quarter ended Aug. 3, 2019. The company said in a statement that its stores were closed during periods of time throughout […]

TJX Companies reported its net loss for Q2 slipped on Wednesday. Revenues decreased by 31.8 percent from the same period last year. For Q2, the company's net profit was -214 million dollars, dropped from 759 million dollars last year. Furthermore, revenues decreased to 6,668 million dollars. Compared […]

Mike Ashley’s Frasers Group has revealed its non-executive chairman David Daly bought 3,912 ordinary shares in the company “in error” on Monday. “The shares were purchased in error during a closed period. The company has robust procedures in place before PDMRs can trade in shares which were accidentally […]

INTERVIEW Unlike many other fashion companies, German discounter Takko Fashion shows model behaviour in the current Corona crisis when it comes to its suppliers. At least that's what Takko's denim supplier in Bangladesh says. The Corona crisis has brought to light many facts that one would not have […]

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