German online fashion and lifestyle products startup Lesara has filed for insolvency at its headquarters in Berlin. The company’s co-founder for insolvency proceedings in self-administration for Lesara AG and logistics subsidiary Lesara Logistics at the district court of Berlin-Charlottenburg. All major […]

Tom Tailor Group said in a statement that despite the company still fighting difficult conditions of the textile market, Tom Tailor brand sales in the third quarter improved by 1.9 percent to 163.6 million euros (184 million dollars). The company said, the whole textile industry suffered under the challenging […]

Lisbon - "In ten years time there will be robots in our stores, what they do there exactly, how they are used, I do not know yet, but they will be there, I'm sure." That's what Daniel Grieder, CEO of Tommy Hilfiger, said on Thursday at the internet technology congress Web Summit that took place last […]

Iconix Brand Group, Inc. for the third quarter ended September 30, 2018 reported total revenue of 46.2 million dollars, a 13 percent decline as compared to the prior year quarter. For the nine months, total revenue of 145 million dollars, declined 16 percent compared to the nine months period last year. […]

ANALYSIS New York – Chinese e-commerce giant Alibaba Group Holding Ltd has registered a record 213.5 billion yuan (30.70 billion dollars) in sales during Singles' Day, it’s largest 24-hour shopping event. The 27 percent year-on-year sales increase came short of previous year’s annual growth rate of […]

The merger of the two largest department stores in Germany, Kaufhof and Karstadt, has been approved by The Federal Cartel Office, Germany's national competition regulator, after the office decided that there were no competition concerns in light of the growing importance of online commerce for consumers. […]

In the first nine months, Aeffe SpA recorded a 35.1 percent increase in profits, reports WWD quoting figures released by the company. Earnings during the period under review reached 16.1 million euros (18.2 million dollars), compared with 11.9 million euros (13.4 million dollars) in the same period […]

In the six month period, sales at Compagnie Financière Richemont SA increased by 21 percent at actual exchange rates and by 24 percent at constant exchange rates to 6,808 million euros (7,723 million dollars). Excluding YNAP and Watchfinder, the company said, sales for the period increased by 8 percent […]

As of September 30, 2018, Salvatore Ferragamo S.p.A. reported total revenues of 972 million euros (1,103 million dollars), down 3.3 percent at current exchange and 1.6 percent at constant exchange rates. In the third quarter, the company’s total revenues reached 298 million euros (338 million dollars), […]

L Brands, Inc. has reported net sales of 860.5 million dollars for the four weeks ended November 3, 2018, an increase of 8 percent, , while comparable sales increased 4 percent. The company said, it expects adjusted third quarter earnings per share to be approximately 0.15 dollar, compared to its previous […]

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