“Our guidance reflects solid double-digit growth expectations for sales, profit and EPS over 2014 results,” Hanes Chairman and Chief Executive Officer Richard A. Noll said. “We continue to track to our expectations for the year and the underlying assumptions for our full-year guidance remain in place,” […]

American Apparel, the troubled chain that boasts of "Made in the USA" fashions, filed for voluntary bankruptcy protection early on Monday on the back of a growing list of woes. The Los Angeles-based company has been embroiled in a drawn-out legal battle with its ousted founder and former chief executive […]

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, […]

REPORTC&A announcing its interim sales performance for the current Autumn/Winter 2015 denim fashion collection said that total turnover value for its current ladies’ denim range has increased by 17.4 percent compared to 2014 and the total turnover value of its entire adult denim collection is up 7.8 […]

REPORTMacy's reported earnings per share of 36 cents in the third quarter of 2015, ended October 31, 2015. Excluding asset impairment charges of 111 million dollars, or 20 cents per share, primarily related to the previously-announced plans to close 35 to 40 stores in early 2016, third quarter earnings […]

Richemont, the world's second-biggest luxury goods group, is planning to cut up to 350 jobs in Switzerland this year amid a "difficult" watch market, a Swiss newspaper reported Saturday. Richemont, second only to France's LVMH in the luxury world, is "studying an adjustment of the production capacities […]

Richard Perry, the majority owner of Barneys New York, has retained Goldman Sachs to sell a piece of the luxury retailer. Perry has been unavailable for comment since he made this announcement Wednesday morning, July 6. It is presumed that the billionaire hedge fund manager would still retain his majority […]

Bespoke and custom tailor Esq clothing has launched their e-commerce site. The launch comes just after the company opened their first brick-and-mortar store in Chicago at 555 West Jackson Blvd. in Chicago's West Loop neighborhood. Esq offers custom suits, shirts, and shoes, in addition to ready-to-wear […]

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