E-retailer Shop Clues has narrowed its losses by 40 per cent. The Gurugram-based e-commerce platform fired around 200 employees as a part of its downsizing activity to trim losses. A fresh capital infusion is expected to give it the much-needed support to meet its operational costs and keep the company […]

British jewellery retailer Links of London has fallen into administration, putting 350 jobs at risk. The London-based chain, which was founded in 1990 and operates 330 stores globally including 35 stores and concessions across the UK and Ireland, announced that it fell into administration on 8 October […]

Burberry could be hit by a 100 million pound dent in its sales in Hong Kong as a result of the ongoing clashes between protesters and police, analysts have warned. Analysts at Jefferies told The Telegraph that the short-term impact of the protests is likely to be “painful” for the British luxury brand […]

For its third quarter, Levi Strauss & Co. said net revenues grew 4 percent on a reported basis, and 5 percent on a constant-currency basis excluding 19 million dollars in unfavourable currency effects to 1.40 billion dollars. Adjusted net income decreased 5 million dollars compared to the prior […]

Swedish fashion retailer KappAhl has reported a 3 percent increase in sales to 4.9 billion Swedish Krona (403 million pounds or 449 million euros) for the year to August, while gross margin fell to 59.5 percent from 61.8 percent last year. Full-year operating profit at the company fell to 168 million […]

Fabindia sales grew seven per cent in fiscal ’19. Net profit nearly doubled after the retailer of ethnic products focused on premium merchandise across categories — apparel, food and personal-care items and decorative furniture. Fabindia is popular for selling ethnic products. A year ago, sales growth […]

Selfridges has reported a 6 percent increase in sales to 1.85 billion pounds for the year ending February, with the luxury department store chain crediting its investments in experiential spaces. The company’s operating profits were 170 million pounds, however, slightly down on the 175 million pounds […]

ANALYSISNew York – A recent report valued the rental subscription market at around 1 billion dollars in 2018 and forecast it grows more than 20 percent a year, reaching 2.5 billion dollars by 2023. This trend isn’t lost on traditional retailers: over the last year everyone in the industry seems to be […]

Sequential Brands Group, Inc. has announced that its board of directors is conducting a broad review of strategic alternatives focused on maximizing shareholder value including the divestiture of one or more existing brands, the acquisition of one or more new brands, a stock buyback program, and other […]

Kering Eyewear and Safilo have announced the renewal of their agreement for the manufacturing and supply of Gucci branded products. The company said in a statement that the three-year partnership will come into effect starting January 2021, providing complete continuity to the previous contract expiring […]

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