Lululemon Athletica Inc., updating its net revenue and earnings guidance for the fourth quarter of fiscal 2018 ending February 3, 2019 has said that the company now anticipates net revenue to be in the range of 1.140 billion dollars to 1.150 billion dollars based on a total comparable sales increase […]

The European Commission has launched an in-depth investigation into Nike’s tax arrangements in the Netherlands, looking to examine whether the country’s tax administration body, Belastingdienst, has given the sportswear giant an unfair advantage over its competitors. Between 2006 and 2015, Dutch authorities […]

In the three month period ended December 31, 2018, Compagnie Financière Richemont SA said that with the consolidation of YNAP and Watchfinder regrouped for the first time under the newly created Online Distributors business area, group sales grew by 24 percent to 3,915 million euros (4,511 million dollars) […]

Steve Shiffman, Chief Executive Officer of Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. has unveiled a series of strategic changes to the company in response to, what the company has called, rapidly evolving fashion and retail landscape. As a part of the strategy, Calvin Klein’s the 654 […]

Urban Outfitters, Inc. said in a statement that total company net sales for the two months ended December 31, 2018, increased 5 percent over the same period last year, while comparable retail segment net sales increased 5 percent, driven by double-digit growth in the digital channel, partially offset […]

Safilo Group has added one more brand to its licensing portfolio: Levi’s. The eyewear giant, which makes sunglasses and prescription glasses for brands like Dior, Banana Republic, Kate Spade and Moschino, has scored a global licensing agreement to design, manufacture and distribute glasses for Levi […]

L Brands, Inc. net sales were 2.477 billion dollars for the five weeks ended January 5, 2019, compared to 2.516 billion dollars for the five weeks ended Dec. 30, 2017. Comparable sales were flat for the five weeks period. The company reported net sales of 12.457 billion dollars for the 48 weeks compared […]

California-based Incipio Group has signed a global, multi-year licensing agreement with Coach to launch a line of mobile device accessories which will be available on Coach’s website and Coach stores worldwide in the fall of 2019. Coach will design the accessories, which will include smartphone and […]

The Fast Retailing Group revenue rose but profit fell in the first quarter of fiscal 2019, or the three months November 30, 2018. Consolidated revenue reached 644.4 billion yen, up 4.4 percent year-on-year and operating profit reached 104.6 billion yen, down 8.1 percent year-on-year. The company said, […]

December 2018 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, increased by 5.2 percent year on year while total sales including online sales also increased by 5.2 percent. The company said in a statement that same-store sales rose year on year in December as […]

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