Sales in the third quarter ending December 31, 2016 at Richemont increased by 5 percent at constant exchange rates and by 6 percent at actual rates compared to the prior year’s period. Retail sales grew by 12 percent, compared to the 5 percent decline in the first six months of the current year, underpinned […]

The Scandinavian brand Filippa K has appointed Kristofer Tonström as new CEO of the company, starting February 13, 2017. Tonström takes over from Anna Lönnerstedt, who has been serving as interim CEO since September 1, 2016. Lönnerstedt will continue in a new role as Range & Supply Director at Filippa […]

Alibaba founder Jack Ma and Donald Trump made headlines with the Chinese entrepreneur's attention-grabbing pledge to create one million US jobs, but analysts say the move is more about generating good PR than substance. The splashy promise from Trump Tower was a strategic decision by Ma to win goodwill […]

In the 52 weeks to October 1, 2016, Shoe Zones profit before tax (PBT) increased to 10.3 million pounds (12.5 million dollars), an increase of 1.1 percent on last year. PBT margin also increased to 6.4 percent from 6.1 percent in 2015. Revenues of 159.8 million pounds (194 million dollars) against 166.8 […]

ANALYSISThis year, holiday sales have been if anything, disappointing. With the likes of Macy’s and Kohl’s reporting weak figures for the festive period, the market’s unrest has been clearly escalating as the New Year kicks in. Disappointing sales at Macy's Inc and Kohl's Corp, coupled with store closures […]

UPDATE London - The auction for bankrupted US fashion retailer American Apparel has come to end, with a certain Canadian apparel manufacturing firm being named as the last one standing. Gildan Activewear Inc is said to have won the bankruptcy auction for the 'Made in the USA' retailer, after it raised […]

London - 2016 was not the easiest year for most, but especially not for UK retailers. Those who were unable to keep up with the shift in consumers shopping habits, preferences and styles found themselves struggling to keep their doors open on the high street. 30 major retailers collapsed last year - […]

Mountain Warehouse’s Christmas sales increased 28.8 percent in the six-weeks to January 1, 2017. The group, which specialises in selling outdoor clothing and equipment, reported like-for-like sales growth of 13.6 percent, with online revenue increasing 31.8 percent. The company’s pre-tax profit was […]

London - is set to invest 80 million euros (68.3 million pounds) in its innovation, research and development teams and to help fund the launch of a start-up accelerator programme. The new investment will help the flash sales site fulfill three of its projects from its Paris head office, […]

London - The American Apparel saga continues on in 2017, with reports that Forever 21 and Amazon are among the numerous companies vying to acquire bankrupt "Made in the USA" retailer. The teen apparel chain and online retail giant, as well as California-based apparel maker Next Level Apparel and Authentic […]