As Wal-Mart tries to ensure it can keep competing with Amazon, the good news for the retailer is their online sales have risen. Their gross merchandise volume rose 69 percent in the first quarter of 2017. Total revenue climbed to 117.5 billion dollars. The recent acquisition of Jet.com Inc. proved to […]

A French appeals court ruled Friday that the heiress to the estate of fashion designer Nina Ricci will not serve jail time over her conviction for tax fraud, reducing an earlier sentence. The court handed Arlette Ricci, 76, a three-year suspended sentence and confirmed a one-million-euro (1.1 million […]

Wise SGR has sold men's designer luxury brand Boglioli. The private equity fund has said they have accepted a binding offer from PHI Industrial Acquisitions for controlling stake of the fashion house. Andrea Perrone has been confirmed as CEO of the brand. "We have put great energies during these months […]

The German Hakro GmbH, supplier of clothing for corporate fashion, work, leisure and sport, has recently signed a partnership agreement with Cotton made in Africa (CmiA) and will be buying CmiA-certified cotton in the future. About 30 retailers and brands are currently part of the Demand Alliance. The […]

Rob Gough can add an iconic streetwear brand to his portfolio. The entrepreneur just announced that he acquired progressive brand Dope on Wednesday, May 17. The acquisition converges Dope into the first major streetwear brand to be privately acquired in a while. The brand, established in 2007, has created […]

American Eagle Outfitters reported EPS of 0.14 dollar for the first quarter ended April 29, 2017 compared to 0.22 dollar last year. Excluding restructuring and related charges of 0.02 dollar per diluted share, the company’s adjusted EPS was 0.16 dollar. Total net revenue increased 2 percent to 762 million […]

London - Following Luxottica Group merger with French lens maker Essilor, the Italian eyewear firm is set to withdraw from the New York stock exchange. The eyewear group, which is also listed on the stock exchange in Milan, noted maintaining a listing in the United States represented "significant administrative […]

Urban Outfitters announced net income of 12 million dollars for the three months ended April 30, 2017. Earnings per diluted share were 0.10 dollar for the quarter against 0.25 dollar last year, while total company net sales were 761 million dollars, flat compared to the same quarter last year. Comparable […]

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