Seattle-based major fashion retailer Nordstrom Inc. has sold its credit card portfolio with 2.2 billion dollars in receivables to Toronto-Dominion Bank. The latter will acquire the retailer’s US Visa and private label consumer credit card portfolio. To date, the financial terms of the deal have not […]

REPORT Sales at DSW in the first quarter increased 9.4 percent to 655 million dollars compared to last year's sales of 599 million dollars. Comparable sales increased by 5.1 percent against last year's decrease of 3.7 percent. Gross profit increased 110 bps, driven by 85 bps increase in merchandise […]

REPORT For the thirteen weeks ended May 2, 2015, Chico’s reported adjusted net income of 41.8 million dollars compared to net income of 39.9 million dollars, same quarter ended May 3, 2014. Adjusted earnings per diluted share were 0.28 dollars compared to 0.26 dollars in last year's first quarter. Net […]

REPORT For the first quarter, Brown Shoe Company reported net sales of 602.3 million dollars up 1.9 percent versus first quarter 2014 net sales of 591.2 million dollars. Net earnings of 19.3 million dollars, or 0.44 dollars per diluted share, were up 24.8 percent against 15.4 million dollars, or 0.35 […]

REPORT Michael Kors Holdings for the fourth quarter ended March 28, 2015 reported total revenue increase of 17.8 percent to 1.1 billion dollars from 917.5 million dollars in the fourth quarter of fiscal 2014. On a constant currency basis, total revenue increased 23.3 percent. Total revenue for the year […]

REPORT Consolidated net revenues at Prada for the period ended January 31, 2015, totaled 3,551.7 million euros (3,875.9 million dollars), slightly down on 2013. Wholesale channel sales decreased 3.4 percent or below 4.7 percent at constant exchange rates. The decline was owing to its performance in […]

In a move that nearly caused an earthquake throughout the fashion industry, Band of Outsiders has laid off the majority of their staff and has cancelled all their fall wholesale orders. Reports from sources including fashionista.com and WWD have said that the brand might be folding entirely, but, no […]

It's hard to imagine one of the world's largest retail exporters blacklisting any company in the United States, but nothing is outside of the realm of possibility. Seduka Jeans Inc. has been blacklisted by the Bangladesh Garment and Manufacturers Association, Bangladesh being the world's second largest […]

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