Gap has appointed Brian Goldner to serve on the Gap board of directors, effective August 12, 2016. Goldner, 53, is currently Chairman, President and CEO of Hasbro. “Brian’s ability to drive transformative change is impressive, as his leadership has enabled Hasbro to emerge as one of the most profitable […]

Macy's sales in the second quarter of 2016 totaled 5.866 billion dollars, a decrease of 3.9 percent, compared with sales of 6.104 billion dollars in the same period last year. Comparable sales on an owned plus licensed basis were down by 2 percent. On an owned basis, comparable sales declined by 2.6 […]

Chinese e-commerce giant Alibaba saw revenues leap 59 percent year-on-year for the quarter ended in June, it said Thursday, its strongest growth since it listed on the New York Stock Exchange in 2014. Revenue for the company, seen as a proxy for China's increasingly crucial consumer sector, reached […]

Zalando’s first half was marked with strong growth and profitability, which has led to its full-year adjusted EBIT margin guidance to 4-5.5 percent. While the second quarter revenues increased 25 percent to 916 million euros (1,022 million dollars) against 733 million euros (818 million dollars) in […]

The Tom Tailor Group achieved a slight rise in sales in the second quarter of the fiscal year 2016. In the first half, sales increased 2.2 percent to 451.3 million euros (503.9 million dollars). The company said that the growth was driven by the Tom Tailor brand, which posted gains in both the retail […]

Senator Kirsten Gillibrand (D-NY), toured the manufacture New York facility in Brooklyn on Tuesday to discuss the Made in America Manufacturing Communities Act. Gillibrand introduced the legislation in an effort to create apparel and textile manufacturing jobs in the borough. The bill would help grow […]

Michael Kors Holdings’ first quarter revenue increased 0.2 percent to 987.9 million dollars from 986 million dollars in the same quarter of fiscal 2016. On a constant currency basis, total revenue was flat. Commenting on the first quarter trading, John D. Idol, the company’s Chairman and CEO, said, […]

Stuart Weitzman, the man who became famous for the nudist heel, will be stepping down from his eponymous label. Weitzman served as both creative director and executive chairman of his brand. For 25 years, Weitzman designed shoes under his name. He will be replaced by Giovanni Morelli, who was most recently […]

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