For the year to August 31, 2019, Asos plc reported 68 percent decrease in profit before tax to 33.1 million pounds (42.2 million dollars) after transition costs of 45 million pounds reflecting a substantial amount of one-off costs in support of warehouse transitions. The company also incurred 5.5 million […]

Ahlers Ag has announced through a statement that the group’s third quarter revenues dropped by 5.1 percent or 2.9 million euros to 54.3 million euros (59.8 million dollars), primarily due to the discontinuation of activities. At 51.9 percent, the gross profit margin was on a par with the previous year, […]

ANALYSISNew York – Fast Retailing Co Ltd (9983.T) on Thursday booked record profit for a third consecutive year on strong sales at its Uniqlo stores in China, and forecast further growth in the current year albeit dented by a boycott of Japanese goods in South Korea. Operating profit climbed 9 percent […]

ANALYSISNew York – GU, the most experimental and elegant of Fast Retailing’s brand portfolio, has become one of the growth engines of the Japanese group on its own merits. Often referred to as the cheap Fast Retailing brand - which also owns UNIQLO, Theory and Comptoir des Cottoniers -, GU has become […]

Walmart has announced that John Furner will become the President and Chief Executive Officer of Walmart U.S., following a successful five years for the business segment under Greg Foran. Furner will report directly to Walmart President and CEO Doug McMillon, and the move will be effective November 1. […]

For the year ended August 31, 2019, Fast Retailing Co. Ltd., parent of Uniqlo brand announced consolidated revenues of 2.2905 trillion yen, up 7.5 percent and operating profit of 257.6 billion yen, up 9.1 percent on the prior year. The company said in a statement that this impressive performance was […]

LVMH Moët Hennessy Louis Vuitton recorded a 16 percent increase in revenue, to 38.4 billion euros (42 billion dollars) in the first nine months of 2019, while the company said in a statement that organic revenue grew 11 percent compared to the same period of 2018. In the third quarter, revenue was up […]

For its third quarter, Levi Strauss & Co. said net revenues grew 4 percent on a reported basis, and 5 percent on a constant-currency basis excluding 19 million dollars in unfavourable currency effects to 1.40 billion dollars. Adjusted net income decreased 5 million dollars compared to the prior […]