New York – India’s government has just announced its plan to ease foreign direct investment (FDI) norms for the single-brand retail sector as well as to relax the sourcing norms for these entities. The move is expected to allow such companies as H&M, Uniqlo and Puma to expand their footprint in the […]

ANALYSIS New York – Hudson's Bay Company (HBAYF) has announced it has sold Lord & Taylor brand to Le Tote, Inc., a fashion rental subscription service, for 75 million dollars. The deal, originally expected to close at 100 million, signals a new era for the oldest US department store chain. "Since founding […]

Shoe Zone PLC has announced that Nick Davis, the group’s Chief Executive, has decided to resign from his position to pursue other business interests, with immediate effect. The company said, Anthony Smith, Executive Chairman, will resume his role as Chief Executive on a permanent basis. Commenting on […]

In the first half of 2019, consolidated turnover at Van de Velde fell by 2.2 percent to 108.5 million euros (119.8 million dollars) compared with the year before. On a comparable basis, the consolidated turnover dropped by 1.2 percent to 112.8 million euros (124.6 million dollars). The company said […]

Designer Brands Inc. for the three months ended August 3, 2019, reported total revenue increase of 8.2 percent, including 102.9 million dollars in revenue from the Brand Portfolio segment, which includes 17.7 million dollars in intersegment revenue that is eliminated in consolidation. Comparable sales […]

TT’s total income was Rs 106.97 crores during the period ended June 30, 2019, as compared to Rs 173 crores during the period ended March 31, 2019. Net profit was Rs 0.37 crores for the period ended June 30, 2019, as against Rs 0.84 crores for the period ended March 31, 2019. EPS was Rs 0.18 for the […]

We all know the trademarks of the fast fashion industry, the negative impact it leaves on the environment, the throwaway culture it breeds to satisfy the need for the new, and the waste is causes when unsold clothes end up in landfill. But by-product aside, the fast fashion business model may in fact […]

London Designer Outlet (LDO) at Wembley Park has announced that it achieved 22 consecutive quarters of year-on-year growth. The company said, for the months of June, July and August, total revenue grew by 9.2 percent compared to the same three months in 2018. The company added that like-for-like revenue, […]

Abercrombie & Fitch Co. has announced the appointment of two key senior executives to lead its Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The company said in a statement that Daniel Le Vesconte and Olga Wu recently joined A&F Co. as Group Vice Presidents, overseeing […]

Net sales at Abercrombie & Fitch Co. for the second quarter ended August 3, 2019, decreased 0.2 percent to 841.1 million dollars, and increased 1 percent on a constant currency basis as compared to last year. Comparable sales were flat against positive comparable sales of 3 percent last year. Gross […]

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