The TJX Companies net sales for the first quarter of fiscal 2018 increased 3 percent to 7.8 billion dollars and consolidated comparable store sales increased 1 percent over last year's 7 percent increase. Net income for the quarter was 536 million dollars and diluted earnings per share were 0.82 dollar […]

Differential Brands Group’s first quarter net sales increased 19 percent to 40.1 million dollars, reflecting a 22 percent increase in wholesale segment sales and a 9 percent increase in consumer direct segment sales. Net loss from continuing operations was 2.4 million dollars or 0.18 dollar per share […]

Invista, owners of the Lycra brand, along with Cone Denim and its parent company, International Textile Group, has announced that it is to acquire all of Cone Denim’s and ITG’s dual core patent portfolio. The patent portfolio estate covers a broad variety of dual core yarns, fabrics, and garments made […]

Shares of Macy's (M) have moved sharply lower over the course of the trading day on Thursday, plunging by 17 percent. With the drop, Macy's has hit its lowest intraday level in over five years. The sell-off by Macy's comes after the department store operator reported first quarter earnings and sales […]

Forever 21 is once again dealing with a copyright issue. The fast-fashion retailer is being accused of copying designs from apparel and accessories company Valfré. The illustrator of Valfré, Ilse Valfré, has sent a cease and desist letter to Forever 21 for copying a rainbow cell phone cover. According […]

Danish fashion group Bestseller wants to fulfill its transparency pledge and starting from this year, make information about its supplier factories, which amount to around 800 manufacturing sites in Europa and Asia, available to the public. "Bestseller will begin the process of making information about […]

Nine West Holdings, Inc. announced that it has retained Lazard as its investment banker to proactively evaluate a long-term capital structure solution for the company. The company has no near-term debt maturities, and is in compliance with the indentures and other agreements governing its indebtedness […]

Leading eyewear company, Marcolin Group has signed a joint venture deal with Rivoli Group, which is one of the largest luxury retailers in the Middle East. The joint venture, named Marcolin Middle East, is 51 percent owned by Marcolin and will be headquartered in Dubai, and will see the new venture […]




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