REPORTL Brands net sales increased 2 percent to 737.5 million dollars for the four weeks ended April 30, 2016, compared to net sales of 724.6 million dollars for the four weeks ended May 2, 2015. Comparable sales increased 1percent. The company reported net sales of 2.614 billion dollars for the first […]

REPORTThe Cato Corporation has reported sales of 81.9 million dollars for the four weeks ended April 30, 2016, a 3 percent decrease from sales of 84.1 million dollars for the four weeks ended May 2, 2015. Same-store sales decreased 3 percent for the month. “We now expect first quarter earnings per diluted […]

Los Angeles - After prepping for a Chapter 11 bankruptcy, it seems that Aeropostale is only headed for more turmoil. The filing is potentially opening the teen retailer up to a conflict with one of its major shareholders: Sycamore Partners. The reason that the court filing may cause problems for its […]

London - German sportswear group Adidas is seeking to shed the bulk its golf brands, which have been struggling as of late, in order to focus on further developing its core apparel and footwear sectors. In an announcement published on Wednesday, Adidas revealed that following an "analysis for the future […]

REPORT London - The rise in m-commerce - online shopping via a smartphone, has been widely anticipated and celebrated by fashion retailers around the globe. However, together with the rise of m-commerce also comes the rise of m-commerce fraud. Mobile in general is less secure than standard e-commerce, […]

A Chinese company selling handbags and leather accessories under the name iPhone has resulted in Apple losing the right to trademark its iPhone products. The Beijing Municipal High People's Court ruled in favour of Xintong Tiandi Technology, according the official Legal Daily newspaper. Xintong Tiandi […]

REPORTWolverine Worldwide first quarter reported revenue stood at 577.6 million dollars for the period ended March 26, 2016. Underlying revenue declined 6.6 percent and reported revenue declined 8.5 percent versus the prior year. “We exceeded expectations for both revenue and earnings in the first quarter […]

While leading luxury goods retailers such as LVMH and Hermes have attributed slowing sales of fashion and leather goods to weak global economic conditions, Chanel, the second largest luxury brand in the world is optimistic about its prospects ahead. The company, with its efforts to get rid of grey market […]

Italian accessories brand Furla is one step closer to an initial public offering (IPO) after signing an agreement with Tamburi Investment Partners (TIP). The investment bank is set to underwrite a convertible loan of 15 million euros to the Italian company which will be swapped into Furla shares during […]

Upcoming major sporting events including the European Championships in football, Copa América and the Olympics are boosting sales at Puma. Kering-owned Puma said Friday its opening quarter net profit rose 4 percent to 25.8m euro, helped by improved sales in central Europe, strong performances in its […]

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