Fossil Group has acquired wearable technology innovator Misfit. Last Friday Fossil Group announced that they had entered a definitive agreement to acquire Mistfit, Inc. Misfit in known for their wearable technology and fashionable devices. In the wake of attempting to compete with Apple's smartwatch, […]

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 […]

Irish luxury goods retailer Avoca is to be sold to US multinational caterer Aramark for 60 million euros, subject to the approval of Ireland’s Competition and Consumer Protection Commission. Avoca, which is known for its luxury fashion as well as its chain of cafes, has 11 outlets across Ireland and […]

REPORTThe H&M group’s sales including VAT increased by 12 percent in local currencies in October 2015 compared to the same month last year. The total number of stores amounted to 3,807 on October 31, 2015 compared to 3,437, same month, last year. H & M, founded in Sweden in 1947 along with H&M brand, […]

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 […]

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