Lasse Holger Mitterhusen, who was initially appointed on October 1, 2018 as head of design for the business segment at Olymp Bezner KG in Bietigheim-Bissingen has now taken over as Creative Director after an extensive period of learning and transition. The company said in a statement that Georg H. Füth, […]

Online women’s fashion brand Sosandar PLC, for the three months ended 31 December 2019, said that the company witnessed strong trading performance in autumn continuing into winter with net revenues in each month exceeding 1.2 million pounds (1.5 million dollars). The company added revenue for the period […]

Gap has announced that the company no longer plans to separate Old Navy into a standalone public company. “The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands,” said Robert Fisher, Gap Inc. Interim President and CEO in a statement, adding, “While the […]

For the third quarter to December 31, 2019, Compagnie Financière Richemont SA said sales progressed by 4 percent to 4,156 million euros (4,628.7 million dollars), with growth in all regions except Japan. Sales in Europe grew by 9 percent to 1,263 million euros, benefiting from favourable comparative […]

New York - During his inaugural speech at National Retail Federations’ 2020 Vision conference on Sunday, the CEO of Microsoft urged retailers to embrace the imperative of “tech intensity”. “What I always tell retailers is that you can’t be cool by association, by riding along with somebody else’s technology,” […]

Boohoo Group plc reported strong revenue growth of 44 percent across all key geographic regions to 473.7 million pounds (614.8 million dollars) for the four months ended 31 December 2019. The company said in a statement that gross margin for the four months was 53.5 percent, down 70 bps. Boohoo revenue […]

Fast Retailing Fast Retailing Group said that consolidated revenue of 623.4 billion yen (5.70 billion dollars) for the first quarter were down 3.3 percent, while operating profit of 91.6 billion yen (0.84 billion dollars), dropped 12.4 percent. The company attributed decline in revenue and profit to […]

American department store chain Macy's is closing around 15 stores across the country amid declining sales, reports said. The move comes after the company downgraded its fiscal 2019 outlook in November following weak comparable sales in its third quarter. The Cincinnati-based retailer, after reporting […]