China's JD.com and the Otto Group, the largest online retailer for fashion and lifestyle in Europe and the second-largest online retailer in the world with end consumers, have announced a joint venture to provide B2C e-commerce services for international brands on the JD.com platform. Based in Germany, […]

Only The Brave, Diesel´s owner Renzo Rosso's company, has acquired the totality of Italian fashion brand Marni. Under the new owners, brainchild brand of Consuelo Castiglioni will undertake a further expansion. Three years after having acquired a majority stake in Marni, OTB has now the 100 percent […]

REPORTNet income of Foot Locker in third quarter ended October 31, 2015 was 80 million dollars, or 0.57 dollar per share. Excluding pre-tax litigation charge, which reduced after-tax earnings by 43 cents per share, non-GAAP earnings were one dollar per share, a 20 percent increase over the 83 cents […]

Chinese stocks trading in New York rose for a seventh week in a row thanks to investors support: market expects that the Chinese government may roll out more policies to encourage the economy after corporate earnings trailed analysts’ forecasts. The Bloomberg China-U.S. Equity Index rose 6.1 percent […]

REPORTAbercrombie & Fitch reported GAAP net income per diluted share of 0.60 dollar for the thirteen weeks ended October 31, 2015, compared to GAAP net income per diluted share of 0.25 dollar for the thirteen weeks ended November 1, 2014. Excluding certain items, the company reported adjusted non-GAAP […]

REPORTOn a reported basis, Gap’s third quarter diluted earnings per share were 0.61 dollar. On an adjusted basis, the company’s diluted earnings per share were 0.63 dollar. Net sales decreased 3 percent to 3.86 billion dollars compared with 3.97 billion dollars for the third quarter last year. On a […]

REPORTRoss Stores earnings per share for the 13 weeks ended October 31, 2015 increased 15 percent to 0.53 dollar, on net earnings that rose 12 percent to 216 million dollars. Sales for the third quarter grew 7 percent to 2.783 billion dollars, with comparable store sales up 3 percent on top of last […]

Nike's Board of Directors declared a quarterly cash dividend on the company’s outstanding Class A and Class B Common Stock of 0.32 dollar per share, on a pre-split basis, payable on January 4, 2016 to shareholders of record at the close of business on December 9, 2015. The dividend represents a 14 percent […]

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