The Canadian sports fashion chain has sold a majority stake in the fashion company to private investment firm Searchlight Capital Partners. Financial terms were not disclosed. Co-founders Michael Budman and Don Green said in an announcement Monday they have ceded control of the company they founded […]

REPORT Coach for its first quarter ended September 26, 2015 reported net sales of 1.03 billion dollars compared with 1.04 billion dollars in the same period of the prior year, a decrease of 1 percent. On a constant currency basis, total sales increased 3 percent for the period. “We are pleased with […]

Chinese e-commerce giant Alibaba on Tuesday reported revenue in the September quarter rose 32 percent year-on-year, beating market expectations despite slowing growth in the world's second largest economy. Revenue reached 3.49 billion US dollars (22.17 billion yuan) for the three months ended in September, […]

REPORTThe board of directors of Esprit Holdings announcing its unaudited FY15/16 first quarter update said that the turnover was almost flat year-on-year with a marginal decline of 0.4 percent in local currency. Retail turnover grew year-on-year by 9.1 percent in local currency, reversing the turnover […]

The American leading off-price retailer of apparel and home fashions announced over the weekend that it has completed its acquisition of Trade Secret, an off-price retailer that operates 35 stores in Australia. The TJX Companies, Inc. (NYSE:TJX), has bought the Australian retailer from Gazal Corporation […]

UPDATE Last Friday saw the founder of fast-fashion empire Inditex, Amancio Ortega, briefly claim the title of world's richest man after company stocks grew 5.3 percent. According to Forbes World's 'real time' Billionaire list, the Spanish fashion mogule reached an all time high net worth of 79.9 billion […]

REPORTVF Corporation for its third quarter ended October 3, 2015 said that revenue increased 8 percent on a currency neutral basis driven by double-digit growth in Outdoor & Action Sports coalition and strength in Jeanswear coalition, and international and direct-to-consumer businesses. On a reported […]

London - Amazon, the world's largest online retailer, reported a surprise profit of 92 million dollars in the third quarter, as its US sales are booming. Total net sales for the company rose 23.2 percent to 25.36 billion dollars, which sent its shares soaring 10 percent higher. Worldwide Sales in North […]

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