REPORTZalando has said that it grew group revenues in the third quarter of 2015 to 707 euros-717 million euros (811-823.3 million dollars) or by 41-43 percent, according to preliminary figures. In the first nine months of 2015 Zalando achieved revenue growth of around 35 percent. Commenting on the update, […]

Nike provided an overview of its progress on key strategic initiatives to achieve sustainable, profitable long-term growth. During an investor meeting at its world headquarters near Beaverton, the company announced a revenue target of 50 billion dollars by the end of fiscal year 2020. Additionally the […]

REPORTNet revenues at Levi Strauss & Co for the third quarter ended August 30, 2015 declined one percent on a reported basis but grew seven percent on a constant-currency basis. The company said that a seven percent increase in sales was due to product introductions in the Americas including the Levi's […]

REPORTN Brown Group revenue for the half year to August 29, 2015 increased 4.2 percent to 415.8 million pounds (635.4 million dollars). Product revenue increased 6.1 percent. While operating profit excluding exceptional items declined 14.2 percent, underlying trading profit before tax decreased 15.9 […]

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 […]

ANALYSISWhat has been named by many as a chronicle of a death foretold, has finally turned into a reality for American Apparel. After months of speculation, internal wars, financial struggles and heaps of polemic, the apparel retailer has called it a day. Now, the fashion business looks beyond the bankruptcy […]

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 […]

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