Image: Gap, Facebook Sales at US fashion and lifestyle retailer Gap topped pre-Covid levels in the first quarter of the year as its markets opened back up, leading to a hike in its full-year outlook. The company said net sales across its brands for the first quarter ending May 1 were up 89 percent to […]

Image: Boss, Facebook Mike Ashley’s Frasers Group says it does not plan to make a bid for German label Hugo Boss following rumours of a potential takeover in the works. In a brief statement on Thursday, the British company said: “Frasers Group wishes to make a market clarification that Frasers Group […]

Image: Michael Kors Michael Kors parent company Capri Holdings managed to narrow its losses in the fourth quarter of the year despite revenue remaining flat, as revenue for all three of its luxury houses beat expectations. The luxury fashion group, which also owns brands Jimmy Choo and Versace, reported […]

Image: Puma French luxury group Kering has sold an almost 6 percent stake in Puma as it continues to wind down its investment in the German sportswear category. Kering announced Thursday “the launch of the sell-down of approximately 8.9 million shares that it owns in Puma SE, representing approximately […]

Image: American Eagle Outfitter media American Eagle Outfitters, Inc. (AEO) total net revenue increased 148 million dollars or 17 percent to 1.03 billion dollars compared to the first quarter of 2019. The company said, Aerie revenue increased 89 percent to 297 million dollars, while American Eagle revenue […]

Image: Designer Brands website For the first quarter, Designer Brands Inc. reported net sales increase of 45.6 percent to 703.2 million dollars compared to the same period last year. The company’s comparable sales increased 52.2 percent versus the 42.3 percent decrease for the same period last year. […]

Image: Abercrombie & Fitch media gallery Net sales of 781 million dollars at Abercrombie & Fitch, were up 61 percent as compared to last year and up 6 percent compared to pre-Covid 2019 first quarter net sales. The company’s digital net sales increased 45 percent to 403 million dollars, while gross […]

Image: Dick's Sporting Goods Net sales for the first quarter at Dick’s Sporting Goods, were 2.92 billion dollars, an increase of 119 percent compared to the first quarter of 2020, or a 52 percent increase compared to the first quarter of 2019. The company said that the increase compared to last year’s […]

Image: Ralph & Russo The future of British couture brand Ralph & Russo has been cast in doubt after a takeover deal for the business fell through and co-founder Tamara Ralph left the business. According to filings at Companies House, the collapsed company’s administrators were working on a rescue […]

Image: Vinted Second-hand fashion marketplace Vinted has launched in Canada weeks after raising 250 million euros in funding. “To us, Canada is a great market fit, and an exciting next milestone on our mission to make second-hand fashion the first choice worldwide,” said Vinted CEO Thomas Plantenga […]

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