Macy's has announced that its comparable sales on an owned plus licensed basis declined by 2.1 percent in the months of November and December 2016 combined, compared to the same period last year. On an owned basis, comparable sales declined by 2.7 percent in the combined November/December period. In […]

ANALYSIS London - Next’s shares have fallen more than 10 percent this morning after the UK high street retailer announced its profits are likely to sit at the lower end of estimate following a “difficult” Christmas. The retail was unable to lure in sufficient consumers over the festive season to boost […]

Womenswear brand Olsen, which has been part of the Veldhoven Group since 2013, has been acquired by German private equity firm Nord Holding, for an undisclosed sum. The acquisition announced at the end of December marks the equity firm’s second investment in the fashion industry, after acquiring men’s […]

Next brand full price sales in the 54 days from November 1 to December 24, 2016 were down 0.4 percent. The company said, Sales performance in the fourth quarter improved on the third quarter and was better than the run rate for the full year. Total sales, including markdown sales, for the year to date […]

London - Philipp Plein is accused of copying its "glove-clutch" design from another fashion company, namely Perrin Paris. The French leather-goods company has filed a lawsuit against Philipp Plein for infringing its clutch design patent, which is said to be based on the company's glove-making history. […]

ANALYSISMerely weeks away from the President-Elect Donald Trump's inauguration - scheduled for Friday January, 20 2017 – FashionUnited reviews what companies start to be perceived as winners and losers in the 45th President of the United States’ era. Regardless their political preferences, retailers […]

Trinity Limited, a premium menswear retailer and wholesaler based in Hong Kong, has announced that it is selling its entire stake in the Salvatore Ferragamo companies. Trinity will also completely withdraw from all joint ventures with the company, according to a filing with the Hong Kong Stock Exchange. […]

The high-end brand will change hands once more. The British brand, currently owned by Hong-Kong-based YGM Trading, which bought it for 15 million pounds in 2012. The new owners are reportedly taking over the business in March 2017. The clothing company, which started as a tailoring business in Mayfair […]

UPDATE London - Boohoo has made its first step take over US rival Nasty Gal. The Manchester-based retailer has entered into an purchase process to acquire certain intellectual property assest from Nasty Gal for 20 million US dollars (16.2 million pounds). The start of the sale process sees Boohoo launch […]

Amazon has released another set of impressive statistics, touting its best Christmas ever with a record-braking season. The numbers, which include sales on Black Friday, Cyber Monday and Boxing Day, saw the company ship over one billion items to Prime members worldwide. In addition, its app saw a massive […]