Italian fashion giant Versace is hoping a flotation will help it to increase revenue to nearly 1 billion euros. Versace’s chief executive Gian Giacomo Ferraris said he hopes the Italian fashion house will float on the stock exchange "as soon as possible" after predicting the rise in sales. "The family […]

REPORTThe TJX Companies said that its net sales for the third quarter of fiscal 2016 increased 5 percent to 7.8 billion dollars and consolidated comparable store sales increased 5 percent over last year's 2 percent increase. Net income for the third quarter was 587 million dollars and diluted earnings […]

REPORTDick’s Sporting Goods reporting sales and earnings for the third quarter ended October 31, 2015 said that its consolidated net income was 47.2 million dollars, or 0.41 dollar per diluted share. The Company reported consolidated net income for the third quarter ended November 1, 2014 of 49.2 million […]

After a bad week at Wall Street, analysts at Merrill Lynch are encouraging their clients to buy stock of Nike and Under Armour. As highlighted by investment bank, Nike shares have been up by 25 percent over the year to date. Nike Inc. (NYSE: NKE) posted solid fiscal fourth-quarter earnings in June, […]

British fashion online platform BrandAlley has received a several millions of pounds investment from Chinese apparel group Vipshop. The latter is reported to have acquired a minority stake with a view to allowing for British labels to enter China through online sales. As reported by ‘Drapers’, BrandAlley […]

According to a research just released by MasterCard Inc., China will see double-digit annual growth in credit card transaction volumes, mainly due to the booming e-commerce industry in the world's second-largest economy. China's plan to open up its domestic transactions market to foreign companies such […]

REPORTTotal net sales for the third quarter at Urban Outfitters increased 1 percent over the same quarter last year to 825 million dollars. Comparable retail segment net sales, which include comparable direct-to-consumer channel, increased 1 percent. “I am pleased we delivered sales, margin and profit […]

REPORTDillard's reported net income for the 13 weeks ended October 31, 2015 of 45.7 million dollars, or 1.19 dollars per share, compared to net income of 55.2 million dollars, or 1.30 dollars per share, for the prior year third quarter. Net sales were 1.435 billion dollars and 1.460 billion dollars […]

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