Kate Spade & Company net sales, for the second quarter ended July 2, 2016, were 320 million dollars, an increase of 39 million dollars or 13.7 percent compared to the second quarter of 2015. Net sales increased 47 million dollars or 17.2 percent, excluding sales for wind-down operations for the second […]

Swatch Group, the world's largest watchmaker, posted a 52-percent fall in first-half profits on Thursday, with sales hurt by declining tourism after attacks in France and Belgium. The Swiss-based company also said revenues were down in its crucial market of Hong Kong. The entire luxury watch sector […]

Full price sales at Next in the second quarter were up 0.3 percent on last year, showing an improvement on the first quarter. Keeping the lower consumer demand in sight, the company has lowered its full year sales outlook by one percent. Second quarter and H1 highlights Next Brand full price sales for […]

HanesBrands net sales decreased 3 percent to 1.47 billion dollars for the quarter ended July 2, 2016. On a GAAP basis, operating profit of 221 million dollars increased 59 percent and earnings per diluted share of 0.34 dollar increased 48 percent. When excluding pretax charges related to acquisitions, […]

Zara stores in Manhattan are unionizing. The workers will be represented by Local 1102 of the Retail, Wholesale, and Department Store Union, in an agreement covering about 1000 workers at the retailer's eight stores in Manhattan. The Manhattan workers will be the first workers in the U.S. to be unionized. […]

Burberry plans to continue as usual after buying back the remaining 15 percent stake in their Chinese business. Earlier this week, Burberry announced they had acquired the remaining 15 percent economic interest in their Chinese business held by Hong Kong-based partner, Sparkle Roll Holdings Limited. […]

Steve Madden net sales for the second quarter ended June 30, 2016 increased 0.6 percent to 325.4 million dollars compared to 323.6 million dollars in the same period of 2015. Net income was 24.7 million dollars or 0.42 dollar per diluted share, compared to 24.5 million dollars or 0.40 dollars per diluted […]

London - American accessories giant Coach has sold its New York Hudson Yards headquarters for the sum of 707 million dollars. According to the Wall Street Journal, 10 Hudson Yards is owned by a limited partnership that includes Allianz, Related Cos., Oxford Properties Group Inc. and institutional investors […]

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