Luxury goods group Burberry reported profits before tax for the first six months ended 30 september were up 9 percent to 154.7 million pounds on revenues of 1.105 billion pounds, compared with 1.100 billion a year ago. Earnings per share rose 14 percent to 26.7 pence. Earnings per share rose 14 percent […]

The newly formed Yoox Net-a-porter Group is growing in leaps and bounds, and is on track ‘to deliver on its significant potential’, said CEO Federico Marchetti in a statement. The luxury e-commerce group, which released its financial results for the first nine months of the year for the first time since […]

American Apparel saw estimated net sales for the third quarter drop 19 percent to 126.1 million dollars (83.4 million pounds), as the company filed a report with the SEC stating that the company’s bankruptcy resulted in missing its reporting deadline for the quarter. With only preliminary results to […]

This year's 9th Cotton made in Africa (CmiA) and Competitive African Cotton Initiative COMPACI Stakeholder Conference, which took place on 20th October in the Ethiopian capital Addis Ababa, put the development of the entire textile value chain on top of its agenda. Case in point was Ethiopia itself, […]

REPORTThe Tom Tailor Group said that it achieved further growth in the first nine months of 2015 despite the ongoing challenges posed by the market. The company posted sales increases in all segments, with a group-wide increase in revenues of 1.5 percent to 689.6 million euros (741 million dollars). […]

REPORTGap has said that its net sales for the four-week period ended October 31, 2015 were 1.20 billion dollars compared with net sales of 1.26 billion dollars for the four-week period ended November 1, 2014. For the third quarter of fiscal year 2015, Gap’s net sales decreased 3 percent to 3.86 billion […]

Tata group retail firm Trent has reported a standalone net profit of Rs 13.43 crores for the quarter ended September 30, 2015 against Rs 11.43 crores reported in the July-September quarter last fiscal. Net sales during the quarter under review stood at Rs 375.65 crores, while in the same quarter last […]

Footwear major Bata India has reported a 38.74 percent rise in net profit at Rs 54.11 crores for the second quarter ended September 30, 2015. The company had posted a net profit of Rs 39 crores during the same period of previous fiscal. Net sales increased to Rs 575.15 crores for the quarter compared […]

Jabong Super Style Fest is witnessing an enthused response from consumers, which has led to India’s leading online fashion retailer registering over 200 percent increase in revenue in the first week of the Diwali sales campaign. Sales in men’s category apparels saw the biggest jump with a whopping 350 […]

Billionaire Jack Ma's Chinese e-commerce giant Alibaba on Friday announced an estimated 4.8 billion dollar deal to take over video streaming service Youku Tudou as it seeks to spread its online empire. Alibaba is snapping up Youku Tudou, China's equivalent to YouTube, in the latest of a string of acquisitions […]

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