REPORT Dick’s Sporting Goods, for the first quarter ended May 2, 2015 said that its consolidated net income was 63.3 million dollars or 0.53 dollars per diluted share. Consolidated non-GAAP net income stood at 61.3 million dollars, or 0.50 dollars per diluted share. On a GAAP basis, consolidated net […]

London - Although Chinese e-commerce giant Alibaba is no stranger to being accusations concerning counterfeiting, the company has stepped forward and denounced a lawsuit filed last week by luxury conglomerate Kering, which claimed the Internet titan was encouraging and profiting from the sale of falsified […]

Accounting for the 5 percent of the market, Skechers has passed up Adidas to take over the second place in the sports footwear market in the United States. According to the ‘Wall Street Journal’, Skechers accounts for 5 percent of the market, while Adidas comes in at third places with 4.6 percent. Nike […]

Ascena Retail Group (ASNA) has acquired Ann Inc. (ANN), owner of the Ann Taylor and Loft brands and retail stores, for about 2.16 billion dollars. The deal is expected to be finalised in the second half of this year and will be financed through bank debt. Ascena announced it will acquire Ann for 47 […]

REPORT Urban Outfitters announced a net income of 33 million dollars for the three months ended April 30, 2015 and earnings per diluted share of 0.25 dollars. Total company net sales for the first quarter increased 8 percent over the same quarter last year to 739 million dollars. Comparable retail segment […]

New York favourite handbags maker Kate Spade and Everpurse, a Chicago start up that makes handbags capable of charging your phone, have signed a deal to develop a line of tech-friendly bags. Everpurse was able to raise more than 230,000 dollars in 2012 via Kickstarter for its first line of phone charging […]

Refinery29, multi-media fashion and style website, recently raised 50 million dollars from Scripps Network Interactive and WPP Ventures. The website which focuses on fashion media circulating five major American cities: Los Angeles, San Francisco, New York City, Washington, and Chicago. Overall, the […]

REPORT Nordstrom reported earnings per diluted share of 0.66 dollar for the first quarter ended May 2, 2015, which were in-line with company expectations, compared with 0.72 dollar for the first quarter ended May 3, 2014. Total company net sales increased 9.8 percent and comparable sales increased 4.4 […]

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