REPORTLVMH Moët Hennessy Louis Vuitton, reported an 18 percent increase in revenue, reaching 25.3 billion euros (28.7 billion dollars), for the first nine months of 2015. Organic revenue grew 6 percent compared to the same period in 2014. The Group recorded strong growth in Europe and the United States, […]

London - Steve Madden Ltd. has found itself in legal hot water once more this year, as the US label has been hit with another copyright infringement lawsuit. British designer Stella McCartney filed a complaint against Steve Madden in New York earlier this month for offering a "poorly made copy" of her […]

ANALYSIS Gap Inc. CEO Art Peck blamed poor-fitting women’s clothing for a lingering slump at the group´s high-end brand Banana Republic. The chain has just posted another month of weaker than expected sales. “I’ve been disappointed in the women’s product in Banana Republic,” Peck said in an interview […]

London - Rumour has it that the owners of Valentino Group SPA are currently exploring options for an initial public offering of the Italian fashion house, which could value the fashion house at 2 billion euros. Qatari-owners, investment firm Mayhoola, are said to working alongside with Rothschild for […]

Smiling faces among Cambodian garment workers: After tense negotiations by textile unions, the Cambodian government agreed to raise the minimum wage for garment workers by almost 10 percent to 140 US dollars a month from 2016. This is still short of union demands, which had initially asked for 177 US […]

REPORTNet sales at Gap for the five-week period ended October 3, 2015 decreased 1 percent to 1.46 billion dollars compared with net sales of 1.48 billion dollars for the five-week period ended October 4, 2014. On a constant currency basis, September 2015 net sales increased 2 percent compared with last […]

REPORTL Brands reported net sales of 919.9 million dollars for the five weeks ended October 3, 2015, an increase of 8 percent. This is in comparison to net sales of 853.5 million dollars for the five weeks ended October 4, 2014. Comparable store sales increased 9 percent for the period under review. […]

Sales at the Cato Corporation of 83.2 million dollars for the five weeks ended October 3, 2015, increased 4 percent over sales of 79.7 million dollars for the same period, last year. Same-store sales for the period increased 2 percent from the prior year. “September same-store sales were above our guidance,” […]




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