Eyewear marker Marcolin Group, whose brand portfolio includes Tom Ford, Ermenegildo Zegna, Roberto Cavalli, and Tod’s, has announced that it is looking to strengthen its investments and presence in Asia, in response to what it is calling “renewed growth” of the optical and sunglass segments in that […]

For the year ended September 15, 2018, Primark, part of the Associated British Foods Plc said in a preliminary results statement, sales were 6 percent ahead of last year at actual exchange rates and 5.2 percent ahead at constant currency, driven by increased selling space offset by a 2.1 percent decline […]

In the third quarter, Hugo Boss said its currency-adjusted sales increased by 1 percent to 710 million euros (810 million dollars). The company added that extraordinary long and hot summer along with the ensuing late start into the fall/winter season put a strain on business, particularly in Germany […]

The Children’s Place, Inc. has announced that Pamela Wallack, president of global product and CFO Anurup Pruthi have left the business. The company also reaffirmed EPS guidance for the third quarter. “As we approach the last phase of our major systems implementations, the opportunity exists for significant […]

Safilo Group S.p.A. said in a statement that the company closed the third quarter of 2018 with total net sales of 221.5 million euros (252 million dollars), down 9 percent at current exchange and 8.4 percent at constant exchange rates. The company added that business trends in North America and Europe […]

Chinese e-commerce giant Alibaba Friday posted a 54 percent boost in revenue in the second quarter and saw profits rebound ahead of Singles Day, the largest shopping holiday of the year in China. Alibaba reported a net profit of 20 billion yuan (2.9 billion USD), a 13 percent year-on-year increase, […]

JD.com, one of China’s biggest online retailers, has launched a blockchain research lab to solve the restrictions that still restrict the wider usage of the technology. Established jointly with the Ying Wu College of Computing at the New Jersey Institute of Technology and the Institute of Software at […]

For the month of October 2018, Uniqlo Japan, a part of Fast Retailing Group said in a statement that same-store sales including online sales decreased by 10 percent year on year while total sales including online sales decreased by 10 percent. The company attributed the decrease in same-store sales […]

Chequers Capital has acquired Riri, manufacturer of zippers and buttons for the high-end luxury fashion and accessories industries, from funds advised by Gilde Buy Out Partners. The company said in a statement that completion of the transaction is expected to be finalized in November 2018. Commenting […]

Gildan Activewear Inc. for its third quarter ended September 30, 2018 recorded total sales growth of 5.3 percent to 754.4 million dollars driven by a 12.1 percent increase in activewear sales, partly offset by a 16.6 percent decline in the hosiery and underwear category, which the company said was, […]

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