ANALYSIS New York - The American group of watches and accessories Fossil Inc. has just announced the sale of its technology for the manufacture of smartwatches to Google. As announced on Thursday evening via statement, the deal includes Fossil’s intellectual property and part of the research and development […]

VF Corporation’s revenues for its third quarter ended December 29, 2018 were up 8 percent or 10 percent in constant dollars to 3.9 billion dollars. Excluding acquisitions net of divestitures, the company said, revenue increased 7 percent or 9 percent in constant dollars, driven by VF’s largest brands, […]

CEO INTERVIEWAmazon, Alibaba, Shopify and even Instagram have made it easier for starters to launch a niche fashion brand online. However, the “first mile” of the supply chain hasn’t changed much: the majority of fashion manufacturers still operate according to the traditional model, in which collections […]

ANALYSIS New York - The giant of affordable fashion has presented its quarterly results for the period spanning the 16 weeks ended on January, 5. The figures, which include Christmas sales, reflect an increase of 4 percent. The market has received the news with joy, sending the shares of Associated […]

Swedish financial tech firm Klarna has confirmed that American rapper, Snoop Dogg, aka Calvin Broadus, has become a minor shareholder in the company, which offers retailers including Asos and Missguided buy-now-pay-later services. “Snoop is not only a rap legend, but also a successful businessman, with […]

For the first quarter to January 5, 2019, sales at Primark, part of the Associated British Foods, were 4 percent ahead of last year, at both constant currency and actual exchange rates. The company said in a statement that with a higher operating profit margin, profit was well ahead and that sales growth […]

China will step in to support private businesses and cut taxes to boost the slowing economy, Premier Li Keqiang said Wednesday. Growth in the world's second largest economy is flagging, dragged down by the trade dispute with the US, and growth should slip to 6.2 percent this year according to the World […]

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 […]

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