, China's online direct sales company in its unaudited financial results for the fourth quarter and full year ended December 31, 2015 said that net revenues for the fourth quarter were 54.6 billion Chinese Yuan (8.3 billion dollars), an increase of 57 percent. Net revenues for the full year […]

REPORTItalian fashion house Valentino has managed to touch the magic figure of one billion dollars in annual sales, almost a couple of years before the company expectations. Valentino’s revenue increased 48 percent over the previous year to 987 million euros (1,027 million dollars). In 2012, after Qatari-based […]

REPORTFebruary 2016 same-store sales at Uniqlo Japan, a part of the Fast Retailing Group increased by 1.2 percent year on year. Sales at the company’s own stores increased by 1.6 percent and total sales including online sales increased by 2.4 percent. The company has attributed the same-store sales […]

Morgan Stanley, a key investor in India’s largest e-commerce site Flipkart, has marked down its investment value. Now Flipkart stares at a drop in its 15 billion dollar (Rs 10,206.75 crores) valuation. In December, Morgan Stanley’s valuation in Flipkart was 58.9 million dollar ( Rs 40.09 crores), which […]

Kate Spade & Company has inked a long-term distribution and retail license agreement with Reliance Brands, a subsidiary of Reliance Industries Group, to launch the kate spade new york brand to India. Under the terms of the agreement, Reliance Brands will have the exclusive distribution rights of the […]

REPORTMySale Group in its interim results for the six months ended December 31, 2015 said that the company experienced a positive first half with underlying EBITDA of 1.5 million Australian dollars (0.1 million dollars); a 12.9 million Australian dollars (9.2 million dollars) improvement on the prior […]

The continued focus on ease of doing business, as highlighted by Finance Minister Arun Jaitley in his Union Budget augurs well for the industry. But a section of the textile industry is already pressing the panic button. In the Union Budget 2016-17, Finance Minister Arun Jaitley has proposed to bring […]

Facebook co-founder Eduardo Saverin has reportedly invested 13 million dollars in the Indian online baby and kids apparel and products retailer Hopscotch. As reported by the ‘Economic Times’, Saverin’s investment has taken the company’s total fundraising to date to 28 million dollars. This is not the […]

REPORTGlobal Brands Group Holding, in its second interim results for the 12 months ended December 31, 2015 has said that its overall turnover stood at 3,423 million dollars, compared to 3,454 million dollars for the same period in 2014. “The financial performance we achieved for 2015 despite a challenging […]

ANALYSISGap shares closed down on Thursday after the retailer issued a disappointing full-year earnings outlook. In an attempt – failed – to cheer its stock, the retailer announced a new one billion dollars buyback plan. As a consequence of the outlook, weaker than expected, the stock got punished. […]

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