Basement has finally turned its much announced come-back in purely digital format a reality. The retailer, mostly known for its annual ‘Running of the Brides’ event, now offers over one million items of name brand and designer men’s, women’s and children’s apparel, accessories, shoes, beauty, bridal […]

Men's activewear apparel and lifestyle brand Rhone Apparel isn't hard up for the money after a successful round of Series A funding. They have closed on 5 million dollars in the latest round of financing. That brings their aggregate total to 6.2 million dollars, after having raised 1.2 million dollars […]

REPORT Hennes & Mauritz (H&M) for the nine months from December 1, 2014 to August 31, 2015 said that the group’s sales excluding VAT increased by 22 percent to 132,167 million Swedish krona (15,713 million dollars). In local currencies the increase was 12 percent. Commenting on the group’s positive […]

Hong Kong-based Global Brands Group has signed a long-term licensing deal to design, produce, and distribute Buffalo David Bitton and i Jeans, both Buffalo Denim brands. Global Brands Group is hoping to expand their presence in the denim market. The company signed the deal as a joint venture between […]

London - Sportswear giant Adidas has filed a lawsuit against Skechers in America over alleged trademark infringement, after it claims that Skechers were selling copies of a trainer similar to its popular Stan Smith shoes. The lawsuit, filed in the federal district court in Portland, Oregon, accuses […]

American Eagle Outfitters (NYSE: AEO)´s Executive Chairman and Interim CEO Jay Schottenstein has revealed he has just purchased 500,000 dollars’ worth of shares of stock at 15.74 dollars per share. Schottenstein has acquired the shares in the open market through SEI Inc., a family holding company, according […]

Seattle-based Fitcode has just raised a 1.8 million dollar investment round led by Harvey Partners. The virtual fashion adviser helps women figure out which jeans will fit best based on each woman’s body type. For online shopping, it really comes down to fit, not size,” said 27-year-old co-founder Rian […]

REPORT French Connection Group, in its results for the six month period ended July 31, 2015 said that poor response to spring collection led to rise in loss before tax compared to the previous period. For the half-year, the company reported a loss before taxation of 7.9 million pounds (12.2 million […]

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