- FashionUnited |
Barneys New York is moving forward with filing for bankruptcy protection and nearing an agreement with lenders for a financing package that would allow the company to find a buyer. The news was reported by the Wall Street Journal. The current restructuring plan calls for Barneys, whose store fleet includes […]
- Danielle Wightman-Stone |
Fanbytes, one of the fastest-growing video influencer platforms in the UK helping brands target Gen Z on social platforms Tik Tok, Snapchat and Instagram, has received “strategic investment” from KM Capital to further support retail brands engage with Gen Z audiences. Fanbytes help brands reach young […]
- Prachi Singh |
For its first half period, Safilo Group S.p.A. reported net sales from the continuing operations of 495.9 million euros (551.7 million dollars), up 6.5 percent at current exchange and 3.9 percent at constant exchange rates compared to the same period of 2018 with the wholesale business showing an improvement […]
- Huw Hughes |
Columbia Sportswear Company CEO Tim Boyle has voiced his concerns about Donald Trump’s proposed tariffs on imported goods from China beginning September, calling it a “massive tax on employers and consumers, not on China.” President Trump took to Twitter on Thursday to announce that a 10 percent tariff […]
- Prachi Singh |
July 2019 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group decreased by 10 percent year on year while total sales including online sales decreased by 10.3 percent. The company attributed same-store sales decline in July to markedly unseasonal cool weather throughout […]
- Shubhangi Bidwe |
With a rise in demand and support its aggressive growth plans, Page Industries plans to double its installed capacity from the existing 260 million pieces in the next five years. Engaged in manufacturing, distribution and marketing of innerwear, athleisure, sleepwear and swimwear for men, women and […]
- AFP |
Italian luxury group Prada said Thursday its decision to stop offering end-of-season discounts at its stores had helped boost its performance, as it posted a sharp rise in net income. "Our strategic decision to stop seasonal markdowns and to rationalize the wholesale channel has been well received by […]
- Prachi Singh |
For its second quarter, HanesBrands reported net sales increase of 3 percent to 1.76 billion dollars, while in constant currency, net sales increased 5 percent. The company said, second-quarter GAAP operating profit increased 6 percent to 234 million dollars, while adjusted operating profit increased […]
- FashionUnited |
Gildan Activewear reported its net profit for Q2 decreased on Thursday. Revenues increased by 5 percent from the same period last year. The company's net profit for Q2 was 99.7 million dollars, down from 109 million dollars a year earlier. Revenues climbed to 801.6 million dollars. Compared to 14 percent […]
- FashionUnited |
Hanesbrands reported its net profit for Q2 increased on Thursday. Revenues grew by 3 percent from the same period last year. For Q2, the company's net profit was 153.9 million dollars, grew from 140.6 million dollars last year. Revenues increased to 1,761 million dollars. Hanesbrands Inc. (NYSE: HBI) […]