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 […]

In Q2, Bata’s net sales have gone up 15 per cent. The strategy of using youth icons to push key categories has yielded positive results. Kriti Sanon was roped in as the new face for Bata’s fashion forward women’s range, which has over 100 new styles. The footprint of Red Angela stores will be expanded. […]

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, […], 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 […]

French fashion brand Vivarte has announced that it will sell its Chevignon brand as it continues to dispose assets to cut its debt. In the Tuesday announcement the company said they would be selling the brand to the Royer company's Stephane Collaert and Thierry Le Guenic. The move comes following the […]

As per regulatory filings with the Ministry of Corporate Affairs, online lingerie retailer Zivame posted Rs 86.6 crore in revenue in FY18, an almost 63 per cent increase from the previous fiscal year. The company’s loss too narrowed even as its expenses increased. The company’s loss declined by 44 per […]

Senior retail executives are out of touch with what consumers want in their shopping experiences. In a series of three surveys reaching out to consumers and retail executives alike, First Insight found that responses to questions of consumer shopping habits and the influences that drive shopping decisions […]

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