Around 45 million workers are employed in the garment and textile industry in India. Majority among them are women, who spend around eight hours a day, six days a week inside one of the garment factories, constantly breaking their necks and backs over a sewing machine. But their hardships don’t end […]

Charles Vögele Group has announced that the company’s CEO Markus Voegeli will leave the company at the end of November 2017. From mid October, Voegeli will be jointly succeeded by Jürg Bieri, the current CFO of the Charles Vögele Group, and Francesco Sama, general manager of OVS Brand since 2011. “With […]

In the first half period to July 29, 2017, John Lewis delivered gross sales of 2.07 billion pounds (2.73 billion dollars), up 2.3 percent and like-for-like sales growth of 0.1 percent. In the first half year, fashion was up 3.5 percent. Operating profit before exceptional items increased by 38.7 percent […]

The Hermes Group’s consolidated revenue amounted to 2,713 million euros (3,227 million dollars) in the first half of 2017, up 11 percent at current and up 10 percent at constant exchange rates. Operating income rose 13 percent to 931 million euros (1,107 million dollars) and profit reached 605 million […]

Total retail sales at Next for the first six months of this financial year declined by 8.3 percent to 993.2 million pounds (1,311 million dollars) and full price sales were down 7.7 percent. The company said, while net new space contributed 2.5 percent to growth, its retail business saw a difficult […]

In the first nine months of the financial year 2016/17, consolidated sales revenues of Gerry Weber International were down by 2.9 percent to 620.1 million euros (736 million dollars), which the company said was primarily because the store portfolio of the core retail segment was streamlined as planned. […]

The family-run department store chain would be close to choosing private equity firm Leonard Green & Partners as their financial partner. People familiar with the matter quoted by the CNBC said Tuesday that Leonard Green would provide the Nordstrom family members with circa 1 billion dollars in equity […]

Ahead of its annual general meeting, the Richemont Group has announced that the company’s sales for the five months ended August 31, 2017, increased by 12 percent at constant exchange rates and 10 percent at actual exchange rates. Excluding the exceptional inventory buy-backs in the comparative period, […]

Total JD Sports’ revenues increased by 41 percent in the period to 1,367.2 million pound (1,803 million dollars) for the 26 weeks ended July 29, 2017, while like for like store sales for the period across all group fascias, including those in Europe, increased by approximately 3 percent. Profit before […]

London - British fashion retailer New Look continues to shuffle its senior management team, as retail Group has decided to retain its current Chief Creative Officer in a sudden shift. The Board of New Look announced on Monday afternoon that it had decided that Paula Dumont López ‘will no longer join […]