For the third quarter to December 29, 2018, Burberry Group Plc reported total revenues of 711 million pounds compared to 719 million pounds in the same quarter last year, representing a decline of 1 percent at reported FX and 2 percent and constant FX. Comparable stores sales for the quarter were up […]

Footwear brand Skechers is adding more than 175,000 square foot of office, design and showroom space to its corporate headquarters in California as part of its commitment to global growth. The expansion of the Skechers corporate headquarters will span several adjacent buildings in Manhattan Beach and […]

On a preliminary basis, Hugo Boss Ag said that group sales grew by 7 percent in the reporting currency and 6 percent in local currencies to 783 million euros (889 million dollars) with both the company’s own retail business and the wholesale business recording positive growth. On non-audited basis, […]

VF Corporation’s revenues for its third quarter ended December 29, 2018 were up 8 percent or 10 percent in constant dollars to 3.9 billion dollars. Excluding acquisitions net of divestitures, the company said, revenue increased 7 percent or 9 percent in constant dollars, driven by VF’s largest brands, […]

CEO INTERVIEWAmazon, Alibaba, Shopify and even Instagram have made it easier for starters to launch a niche fashion brand online. However, the “first mile” of the supply chain hasn’t changed much: the majority of fashion manufacturers still operate according to the traditional model, in which collections […]

Swedish financial tech firm Klarna has confirmed that American rapper, Snoop Dogg, aka Calvin Broadus, has become a minor shareholder in the company, which offers retailers including Asos and Missguided buy-now-pay-later services. “Snoop is not only a rap legend, but also a successful businessman, with […]

For the first quarter to January 5, 2019, sales at Primark, part of the Associated British Foods, were 4 percent ahead of last year, at both constant currency and actual exchange rates. The company said in a statement that with a higher operating profit margin, profit was well ahead and that sales growth […]

China will step in to support private businesses and cut taxes to boost the slowing economy, Premier Li Keqiang said Wednesday. Growth in the world's second largest economy is flagging, dragged down by the trade dispute with the US, and growth should slip to 6.2 percent this year according to the World […]

Marks and Spencer Plc (M&S) has revealed locations of 17 further stores, which it plans to close as a part of its previously announced five-year plan to shutter over 100 stores by 2022, reports BBC. The store closures are expected to impact 1,045 staff members, who, the company said, will now be a part […]

Total sales at John Lewis, the company said in a statement, were up 0.7 percent for the week ending January 12, 2019, on last year driven by customers continuing to shop clearance offers and beginning to shop Spring/Summer ranges. Fashion sales during the week were up 4.9 percent. The company added […]

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