After safety inspections and worker training, the safety campaign for the Bangladeshi garment industry just got another much needed boost: the International Finance Corporation (IFC) will support local banks by providing 50 million US dollars in financing and will form partnerships with leading international […]

REPORT SuperGroup, owner of the Superdry brand, along with its results for full year for 2015, also provided a trading update for the first 10 weeks of the current financial year and a joint venture with Trendy International Group to access the Chinese market. Group revenue for the year rose by 12.9 […]

REPORT Zumiez total net sales for the five-week period ended July 4, 2015 increased 2.6 percent to 67 million dollars, compared to 65.3 million dollars, same month, last year. The company's comparable sales decreased 3.3 percent for the period under review compared to a comparable sales increase of […]

Good news for Pepe Jeans: the fashion firm property of Lebanese group M1 just closed a syndicated loan of 300 million euros with fifteen banks. Moreover, Alba Corporation hitherto reference investor, has completed its exit from the retailer. As highlighted by 'Expansion', the operation managed by BBVA, […]

REPORT For 13 weeks to June 27, 2015, general merchandise gross margin showed an improvement at Marks and Spencer (M&S). The company said that it is on track to deliver full year gross margin guidance of 150 to 200 bps driven by ongoing sourcing initiatives. Sales during the period were marginally up […]

Shares in Jimmy Choo rose earlier this week right after Barclays initiated coverage with an 'overweight' recommendation and a price target of 208 pence on the shares. The bank expects stronger growth for the designer shoemaker than for its sector peers. "We see the brand as well positioned with a sub-3 […]

REPORT For the four months to June 30, 2015, retail sales at Asos were up 20 percent. UK retail sales increased over 27 percent and international retail sales 16 percent. International retail sales are now 59 percent of the total sales compared to 61 percent last year. Retail gross margin was up 280bps […]

REPORT Consolidated turnover at Van de Velde in the first half of 2015 rose by 6 percent from 107million euros (118 million dollars) to 113.4 million euros (125.1 million dollars). On a like-for-like basis including comparable deliveries consolidated turnover was up 8.2 percent. The company’s turnover […]

New York - Puma has a new partner, and that would be luxury fashion conglomerate Kering Eyewear. The German sportswear company will be partnering with Kering on their line of sunglasses and optical frames. Puma's current eyewear partner is Charmant, but, once that licensing agreement ends in January […]

The Hut Group is reportedly poised to raise new funds that will push the company's valuation to close to 1 billion pounds. Media reports that the retail group would be working with investment bankers at Barclays to sell between 50 and 100 million pounds of new shares. Sky News has learnt that The Hut […]




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