- Prachi Singh |
For the month of January 2019, Uniqlo Japan reported 1 percent drop in same-store sales including online sales while total sales including online sales decreased by 0.9 percent. The company, part of the Fast Retailing Group, said in a statement that same-store sales held steady year on year in January […]
- Huw Hughes |
Amazon reported its third record profit in a row on Thursday, but forecasts lower-than-expected sales for the first quarter of 2019. In the last quarter of 2018, which includes the important Christmas trading period, profits rose 63 percent to 3 billion US dollars (2.3 billion pounds) - up from 1.86 […]
- Prachi Singh |
China’s apparel and textile major Shandong Ruyi has announced the acquisition of Invista’s apparel & advanced textiles business. The purchased portfolio includes Lycra, Lycra HyFit, Lycra T400, L by Lycra, Coolmax, Thermolite, Elaspan, Supplex, Tactel, and Terathane. “We are thrilled to acquire The […]
- Prachi Singh |
Swedish manufacturer and retailer of trendy clothing and accessories, H&M said on Thursday its full year revenues increased by 5 percent, while in local currencies, net sales improved by 3 percent. Profit fell by 21.8 percent from the same period last year. "Against a backdrop of rapid changes in the […]
- Prachi Singh |
Announcing preliminary results for the year to December 31, 2018, Safilo Group S.p.A. said that net sales reached 962.9 million euros (1,107.5 million dollars), down 4 percent at constant exchange and 7 percent at current exchange rates. The company added that this performance is in line with the expected […]
- AFP |
Chinese e-commerce leader Alibaba said Wednesday that net profit increased 37 percent in the latest quarter as growth in cloud computing and other business lines helped offset a slowing expansion in core online retail. Net profit reached 33.0 billion yuan (4.9 billion USD) in the October-December third […]
- Meenakshi Kumar |
Shoppers Stop’s net profit has jumped 171 per cent for the third quarter. Net revenue increased by 3.7 per cent. The department store chain witnessed a phenomenal 8.9 per cent like to like growth in the third quarter, backed by an uptick across all zones and categories including apparels, personal accessories […]
- Prachi Singh |
Ecommerce company eBay Inc. delivered revenue of 2.9 billion dollars, up 6 percent on both an as-reported basis and a FX-neutral basis, driven by GMV of 24.6 billion dollars, up 1 percent on as-reported basis and 2 percent on a FX-neutral basis, for the quarter ended December 31, 2018. GAAP net income […]
- Prachi Singh |
In its preliminary results statement for the fiscal year 2018, the Salvatore Ferragamo Group said consolidated revenues amounted to 1,347 million euros (1,541 million dollars), down 3.4 percent at current exchange and 1.7 percent at constant exchange rates. Revenues in the fourth quarter, the company […]
- Robyn Turk |
Leading luxury group LVMH group, recorded revenue of 46.8 billion dollars in 2018, an increase of 10 percent over the previous year. All business groups within the LVMH portfolio recorded excellent performances. 2018 brought LVMH continued growth throughout markets in Europe, the U.S. and Asia. It credits […]