In the third quarter of 2019, from June 1, 2019 to August 31, 2019, the Hennes & Mauritz AB (H&M) group’s net sales increased by 12 percent and amounted to 62,572 million Swedish krona (6,515 million dollars), while in local currencies, the company said, net sales increased by 8 percent. The […]

The Austrian retail and real estate group Signa Holding GmbH executed a capital increase of 700 million euros (around 775 million US dollars or 622 million British pounds) by its existing shareholders last week. Moreover, its largest subsidiary Signa Prime Selection AG, as the flagship real estate company […]

BACKGROUND Six years ago, the worst industrial accident in the history of Bangladesh occurred. More than 4,000 people were buried under debris and at least 1,138 killed when the Rana Plaza building collapsed, housing several garment factories where western apparel companies manufactured their clothes. […]

Sustainability has finally become more than just a buzzword with brands, retailers and innovative companies following through and taking responsibility. August saw brands especially becoming ambitious and setting sustainable targets for themselves in terms of water consumption, materials used and carbon […]

The Hermès Group’s consolidated revenue amounted to 3,284 million euros (3,623 million dollars) in the first half of 2019, up 15 percent at current exchange rates and 12 percent at constant exchange rates. The company said, recurring operating income increased 15 percent, to reach 1,144 million euros […]

For its first quarter, New Look Retail Holdings Limited said that the company managed to reduce statutory loss before tax by 12.8 million pounds (15.8 million dollars) to 2.7 million pounds (3.3 million dollars) following restructuring compared to loss of 15.5 million pounds in the same quarter last […]

Inditex Group net sales increased by 7 percent in the first half of 2019 to 12.82 billion euros (14.15 billion dollars) for the first time. In local currencies, the company said, sales growth was 7 percent, while like-for-like sales grew by 5 percent, underpinned by growth across all brands and regions, […]

Total sales for the week to September 7, 2019 were down 5.5 percent at John Lewis on the same week last year. The company said in a statement that fashion sales were down 4.9 percent, due to the annualising of the launch of John Lewis & Partners womenswear collection. The company added that beauty, […]

Multi-channel ecommerce platform Shopify Inc. has reached an agreement to acquire 6 River Systems, Inc., provider of collaborative warehouse fulfilment solutions. The company announced through a statement that under the terms of the agreement, Shopify will acquire all of 6 River Systems’ outstanding […]

The Oasis and Warehouse Group has acquired The Idle Man, a British online menswear fashion brand, for an undisclosed sum, marking the company’s entry into menswear. The company said that The Idle Man was launched in 2014, by Oliver Tezcan, a former Asos.com menswear buyer. He will continue to manage […]

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