Smiling faces among Cambodian garment workers: After tense negotiations by textile unions, the Cambodian government agreed to raise the minimum wage for garment workers by almost 10 percent to 140 US dollars a month from 2016. This is still short of union demands, which had initially asked for 177 US […]

REPORTNet sales at Gap for the five-week period ended October 3, 2015 decreased 1 percent to 1.46 billion dollars compared with net sales of 1.48 billion dollars for the five-week period ended October 4, 2014. On a constant currency basis, September 2015 net sales increased 2 percent compared with last […]

REPORTL Brands reported net sales of 919.9 million dollars for the five weeks ended October 3, 2015, an increase of 8 percent. This is in comparison to net sales of 853.5 million dollars for the five weeks ended October 4, 2014. Comparable store sales increased 9 percent for the period under review. […]

Sales at the Cato Corporation of 83.2 million dollars for the five weeks ended October 3, 2015, increased 4 percent over sales of 79.7 million dollars for the same period, last year. Same-store sales for the period increased 2 percent from the prior year. “September same-store sales were above our guidance,” […]

REPORTZumiez has said that total net sales for the five-week period ended October 3, 2015 increased 1.5 percent to 67.3 million dollars, compared to 66.3 million dollars for the five-week period ended October 4, 2014. The company's comparable sales decreased 1.8 percent for the period under review compared […]

REPORTBritish designer Stella McCartney aims to add new retail locations to the existing store portfolio. The move comes after the company reported 11 percent rise in sales to 31.6 million pounds (48.2 million dollars) and increase in profit before tax to 5.6 million pounds (8.5 million dollars) for […]

French flash sales site Vente-Privee.com SA is determined to speed up its acquisitions plan to remain ahead of close competitors such as Amazon.com Inc. “We have arrived at a phase of market growth where consolidation is logical and valuation multiples are rational,” founder Jacques-Antoine Granjon […]

American luxury retailer Neiman Marcus started October by laying off 500 corporate and support staff, therefore eliminating the retail jobs of about 3 percent of its workforce of 16,000 staff, as it tries to cut costs to pay for new stores and acquisitions. “Even as we adjust our course, our mission […]

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