In an operation closed on May,14 Cherokee Global Brands (Nasdaq: CHKE), a global marketer of style-focused lifestyle brands, has acquired La Jolla-based Everyday California, an apparel and accessories retailer. “Everyday California’s global potential made the acquisition a perfect fit for Cherokee Global […]

L Capital Asia, the investment vehicle of French luxury goods group LVMH, has bought a 51 percent stake in Dondup, taking its stake in the Italian retailer to a control 91 percent. Massimo Berloni, CEO of Arcadia s.r.l. and owner of the Dondup brand, has announced the transfer of a 51 percent stake […]

ANALYSISBurberry Group PLC disappointed investors as the company lowered its guidance for the full-year. Equally gloomy, the company’s CEO advanced that "At this early stage of the year, we are seeing increased uncertainty in some markets.” Bailey’s warning nothing but dragged Burberry’s shares performance, […]

ANALYSISBritish mother and baby apparel retailer Mothercare took the market by storm Thursday when it reported pre-tax losses narrowed to 13.1 million pounds in the year to March 28 from 26.3 million pounds the previous year. The retailer, which has struggled considerably over the past years, has shown […]

REPORT The Cato Corporation reported net income of 31.1 million dollars or 1.11 dollars per diluted share for the first quarter ended May 2, 2015, compared to net income of 30 million dollars or 1.04 dollars per diluted share for the first quarter ended May 3, 2014. Net income increased 4 percent and […]

REPORT The Bon-Ton Stores reported operating results for the first quarter of fiscal 2015, the 13-week period ended May 2, 2015, and reaffirmed its earnings guidance for full-year fiscal 2015. Comparable store sales increased 0.8 percent compared with the prior year period. Adjusted EBITDA was 4.1 million […]

REPORT Adjusted earnings per share at L Brands, for the first quarter ended May 2, 2015, increased 15 percent to 0.61 dollars compared to 0.53 dollars for the quarter ended May 3, 2014. First quarter operating income increased 11 percent to 371.8 million dollars compared to 336.1 million dollars last […]

REPORT Target Corporation, for the first quarter reported adjusted earnings per share from continuing operations of 1.10 dollars, up 19.6 percent from 0.92 dollars in 2014. GAAP EPS from continuing operations were 1.01 dollars, compared with 0.89 dollars in first quarter 2014. “We’re pleased with our […]

REPORT American Eagle Outfitters reported EPS of 0.15 dollars for the first quarter ended May 2, 2015, an increase from EPS of 0.02 dollars for the comparable quarter last year, and above EPS guidance of 0.09 dollars to 0.12 dollars. Total net revenue increased 8 percent to 700 million dollars from […]

REPORT Burberry delivered a strong financial performance in FY 2015, with underlying growth of 11 percent in revenue and 7 percent in adjusted profit before tax. Revenue in menswear increased by 10 percent underlying. Retail significantly outperformed wholesale, where repositioning continued in the […]

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