This year's 9th Cotton made in Africa (CmiA) and Competitive African Cotton Initiative COMPACI Stakeholder Conference, which took place on 20th October in the Ethiopian capital Addis Ababa, put the development of the entire textile value chain on top of its agenda. Case in point was Ethiopia itself, […]

ANALYSISMichael Kors Holdings Ltd. posted second-quarter profit that topped analysts’ estimates as new retail locations boosted sales. However, the accessible luxury brand needs to re-thinks its expansion strategy to fight the perils of turning too ubiquitous. Conscious of how the brand is wearing off […]

ANALYSISCie. Financière Richemont SA dragged European stocks last Friday after the Swiss luxury group missed forecasts with its latest earnings missed forecasts. In fact, the Geneva-based company prompted a sell off after it said net profit for the six months to September 30 rose to 1.1 billion euros, […]

Spanish online fashion outlet Privalia has sold its German business Dress For Less to its current management for a sum that remains undisclosed. The German subsidiary has not but enhanced Privalia´s red numbers in the last couple of years. Following what some in the trade have defined as an erratic […]

US teen fashion retailer Aeropostale has announced additional expansions in Asia and Europe, Middle East and Africa (EMEA), which are set to start at the beginning of 2016. Two new licensing agreements will help Aeropostale launch in Thailand and Egypt over the next five years, the company said in a […]

In a bid to offer its customers a ‘more consistent experience’, Burberry has decided to merge its Prorsum, London and Brit lines into one Burberry label, reports WWD. The new strategy is a departure from how former CEO’s Rose Marie Bravo and Angela Ahrendts operated. Bravo, in fact, introduced the split […]

New york - When you think of American Eagle, you don't exactly think of a contemporary men's wear label with pieces that usually cost a few hundred dollars. That's a thought you'd have when you think of Todd Snyder, who was bought for 11 million dollars in cash and stock by American Eagle in a deal […]

REPORTGroup revenue of the Associated British Foods increased by 2 percent at constant exchange rates, but the company said, strengthening of sterling against its major trading currencies, particularly in the second half of the year, resulted in a decline in revenues of 1 percent at actual rates. Sales […]

London - What crisis? The demand for luxury goods around the world is as booming as it ever was, as wealthy Chinese consumers continue to cement their status as top spenders, according to a new study by Bain consultancy. The study, released Thursday by Italian luxury producers Altagamma, forecasts that […]

STUDYAccording to Pitney Bowes' second annual Global Online Shopping Study, while e-commerce continues to connect the world through online shopping and consumers worldwide find and buy products online in similar ways, there are unique global shopping preferences and country-specific behaviours that […]