REPORT HanesBrands has said that acquisition benefits helped drive record first-quarter financial results for the second consecutive year. Net sales increased 14 percent to 1.2 billion dollars in the quarter ended April 4, 2015, while adjusted operating profit excluding actions increased 16 percent […]

ANALYSISAs a result of the ongoing drought across California, main cotton production state together with the two Carolinas, denim retailers are cutting down water usage and exploring alternative, water-saving ways to manufacture clothing. Nevertheless, pricing of jeans and other fashion staples might […]

Gap was once a staple in almost every American's wardrobe, and had a wide range of appeal with older customers who were just looking for just some casual clothes to teenagers who just wanted simple everyday wear. Unfortunately for Gap Inc., their namesake label no longer has the former glory it did […]

Consac LLC, an unhappy investor in Quicksilver Inc has called for the clothing chain to put itself up for sale after it lost almost three-quarters of its value in the past year. Ryan Drexler, Consac’s president, sent a letter to Quiksilver saying the company should find a buyer “in order to preserve […]

ANALYSISSwiss luxury goods group Cie. Financiere Richemont SA warned this week that its full-year profit downsized by circa 36 percent due to the bad performance of certain financial instruments, including derivatives. As the retailer summed up, the euro’s fall triggered write-downs to the value of […]

REPORT Skechers USA for the first quarter ended March 31, 2015, reported net sales of 768 million dollars compared to 546.5 million dollars in the first quarter of 2014, an increase of 40.5 percent. Gross profit was 332.5 million dollars, or 43.3 percent of net sales, compared to 240.4 million dollars, […]

Bahrain's Jawad Business Group, the franchise operator of clothing brand Mango in the Gulf, has raised a 235 million dollars loan to refinance existing debt. According to two banking sources aware of the matter said that Reuters quoted, Jawad has borrowed 215 million dollars through a term loan in an […]

ANALYSISMajor currency moves and a burdening sugar business are to blame for the Associated British Foods (ABF.L)’ earnings dent. Not even a strong operating profit at Primark, the group’s own crown’s jewel has been enough to offset a weak period at ABF’s food businesses. The British retail group said […]

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