REPORT Next Brand full price sales for the third quarter were up 6 percent, which the company said were just above the midpoint of its second half guidance range of 3.5 percent to 7.5 percent. Next retail sales increased 5.9 percent for the quarter and 2.6 percent, year on year. Directory sales increased […]

Kohl’s has announced new initiatives under the company’s strategic framework, called the ‘Greatness Agenda’. To measure success in the near-term, the company has set out to reach three primary goals by the end of 2017: to increase sales to 21 billion dollars, be in the 90th percentile for associate […]

The Canadian sports fashion chain has sold a majority stake in the fashion company to private investment firm Searchlight Capital Partners. Financial terms were not disclosed. Co-founders Michael Budman and Don Green said in an announcement Monday they have ceded control of the company they founded […]

REPORT Coach for its first quarter ended September 26, 2015 reported net sales of 1.03 billion dollars compared with 1.04 billion dollars in the same period of the prior year, a decrease of 1 percent. On a constant currency basis, total sales increased 3 percent for the period. “We are pleased with […]

Chinese e-commerce giant Alibaba on Tuesday reported revenue in the September quarter rose 32 percent year-on-year, beating market expectations despite slowing growth in the world's second largest economy. Revenue reached 3.49 billion US dollars (22.17 billion yuan) for the three months ended in September, […]

REPORTThe board of directors of Esprit Holdings announcing its unaudited FY15/16 first quarter update said that the turnover was almost flat year-on-year with a marginal decline of 0.4 percent in local currency. Retail turnover grew year-on-year by 9.1 percent in local currency, reversing the turnover […]

The American leading off-price retailer of apparel and home fashions announced over the weekend that it has completed its acquisition of Trade Secret, an off-price retailer that operates 35 stores in Australia. The TJX Companies, Inc. (NYSE:TJX), has bought the Australian retailer from Gazal Corporation […]

UPDATE Last Friday saw the founder of fast-fashion empire Inditex, Amancio Ortega, briefly claim the title of world's richest man after company stocks grew 5.3 percent. According to Forbes World's 'real time' Billionaire list, the Spanish fashion mogule reached an all time high net worth of 79.9 billion […]

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