INTERVIEWPart vetted manufacturer network, part production management tool, Supplycompass wants to make it easier for small and medium-sized fashion, accessories and interior brands to source responsibly-produced products overseas. The company connects around 40 of these brands to a select group of […]

Gap Inc has announced that its board of directors authorized a second quarter fiscal year 2019 dividend of 2425 cents per share, payable on or after July 31, 2019 to shareholders of record at the close of business on July 10, 2019. Gap offers clothing, accessories, and personal care products for men, […]

L Brands, Inc. net sales for the first quarter to May 4, 2019 were 2.629 billion dollars compared to 2.626 billion dollars for the same quarter last year. Comparable sales for the quarter were flat compared to the quarter ended May 5, 2018. The company said in a statement that comparable sales declined […]

For its fourth quarter and full year ended March 30, 2019, VF Corporation , said revenue increased 6 percent or 9 percent in constant dollars to 3.2 billion dollars and 12 percent or 13 percent in constant dollars to 13.8 billion dollars, respectively. VF’s board of directors declared a quarterly dividend […]

For its full year to March 30, 2019, Marks and Spencer Group Plc (M&S) reported 9.9 percent decline in profit before tax & adjusting items to 523.2 million pounds (663 million dollars), driven by headwinds on sales, partly offset by the operating costs transformation programme. The company said, total […]

More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, and Ugg, have published a letter urging president Donald Trump to reconsider raising tariffs on footwear imported from China. “As an industry that faces a $3 billion duty bill every year, we can assure you that any increase […]

Trade union leaders are not pleased with the announcement that the Bangladesh Accord on Fire and Building Safety is supposed to leave the country in less than a year. The Bangladesh Accord shall be replaced in 281 days by another entity called RMC Sustainability Council (RSC), to be governed by a board […]

LVMH Moët Hennessy Louis Vuitton is working to solve the global problem of counterfeited luxury goods. The luxury group has launched AURA, the first international blockchain made to help consumers trace the and authenticity of luxury goods. The AURA platform was developed through Microsoft and blockchain […]

Nepal's central bank has banned popular Chinese digital wallets Alipay and WeChat, an official said Tuesday, fearing loss of foreign currency earnings from thousands of Chinese tourists that visit the country. Nepal Rastra Bank issued a notice on Monday, banning the use of the Chinese digital payment […]

Swiss group Maus Frères, which owns brands including Lacoste, Aigle and Gant, has been approved by the Autorité de la concurrence, to buyout French ready-to-wear label The Kooples, which is currently owned by its founding owners. According to a press release from the Autorité de la concurrence, the […]

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