London - The newly formed company Yoox Net-a-Porter Group is set to wind down its multi-branded platforms Shoescribe.com and TheCorner.com by end of the Spring/Summer 2016 season and migrate its customer base to its other online stores. Thanks to a severe overlap in both brands and customers, the Milan-based […]

US watchmaking group Fossil is acquiring the wearable tech firm Misfit for 260 million dollars as it ramps up efforts for connected watches and other gadgets. The deal announced late Thursday gives Fossil, which sells in some 150 countries, a tech platform created by former Microsoft researcher Sonny […]

Department store chain J.C. Penney Co. Inc. (JCP) on Friday reported a loss for the third quarter that narrowed from last year, driven by higher sales and improved margins. Adjusted loss per share for the quarter was narrower than analysts' expectations and revenues beat their estimates. J.C. Penney's […]

REPORTSalvatore Ferragamo SPA published its consolidate interim report for the nine months to September 30, 2015 which saw a 7 percent increase in revenue from 957 million euros in 2014 to to 1,021 million euros this year. Gross operating profit (EBITDA) also increased 7 percent compared to the same […]

Montreal-based Gildan Activewear announced a slight increase in third quarter net profits to 123.1 million dollars (80.9 million pounds) or 50 cents per share, compared with 122.7 million dollars (80.7 million pounds) or 50 cents per share last year. Net sales amounted to 674.5 million dollars (443.4 […]

The luxury industry has been seeing challenging times since China and the rest of the Asia-Pacific region has experienced slower growth. But both Hermès and Burberry have issued financial results that have beaten analysts' expectations. Third-quarter sales at Hermes rose by 7.9 percent on a like-for-like […]

IC Group, parent company of Peak Performance, Tiger of Sweden and By Malene Birger, reported improves earnings within its core-business division for its Q1 2015/16. Consolidated revenue amounted to 843 million Danish krone (113 million euros), equal to an increase of 1.8 percent or 3 percent measured […]

Brazil-based brand Osklen has recently announced plans to introduce new stores in the U.S. The ready-to-wear beach-inspired brand will roll out 10 stores in the U.S. including Los Angeles and New York locations. It’s all a part of Osklen’s five-year growth project. According to WWD, the brand hopes […]

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