Amazon beat earnings estimates on Thursday - despite the quarter this year not including its hugely profitable Prime Day - as it continues to prosper from the Covid-19 pandemic and its role in accelerating the shift of consumers to online. The US retail giant’s sales for the second quarter ended 30 […]

Sales at Skechers USA Inc., decreased 3.9 percent as a result of a 4.1 percent decrease in the company’s international business and a 3.7 percent decrease in its domestic business. The company said in a statement that gross margins remained relatively flat at 48.1 percent, earnings from operations decreased […]

For the second quarter, net sales at Deckers Brands increased 15 percent to 623.5 million dollars compared to the same period last year, while on a constant currency basis, net sales increased 14.1 percent. The company said in a statement that gross margin was 51.2 percent compared to 50.4 percent for […]

New York – Dubai’s luxury retailer Chalhoub Group has announced it is restructuring into four main divisions, following a coronavirus-accelerated re-organisation. The four newly created divisions will report to CEO Patrick Chalhoub, who had initiated a “900-day transformation” of the group aimed at […]

New York – Montreal-based Le Chateau Inc. stores announced earlier this week it would seek court protection from creditors and shut down its stores. The party gear retailer has been 60 years in the trade. Le Chateau has spent much of the COVID-19 pandemic trying to refinance or sell its business to […]

Nextil, owner of brands such as Treiss, EFA, Ritex, SICI93, Playvest, Anna Llop and Dogi managed to maintain a positive EBITDA of 1.4 million euros in the first half of the year, despite much of the commercial activity has been paralyzed since February in some markets, such as Italy or Asia, due to […]

Tendam Brands, the parent company of the Tendam Group, posted a return to profit in the second quarter reaching adjusted EBITDA of 31 million euros and EBT (earnings before taxes) of 8.7 million euros. The company said in a statement that Tendam’s total revenues reached 260.3 million euros, down 23.6 […]

LVMH Moët Hennessy Louis Vuitton SE (LVMH) and Tiffany & Co. have concluded an agreement modifying certain terms of their initial merger agreement reflecting a purchase price of 131.50 dollars per share in cash and to reduce closing conditionality. LVMH said in a statement that both the companies […]

US footwear and accessories retailer Genesco has appointed John F. Lambros to its board of directors. Lambros is president of global investment bank GCA-US and has worked in the digital media and emerging technology markets for over 22 years. Genesco board chair and CEO Mimi E. Vaughn said in a statement: […]

For its third quarter, eBay Inc. said revenue was 2.6 billion dollars, up 25 percent on both an as-reported basis and an FX-Neutral basis. The company said in a statement that GAAP net income from continuing operations was 621 million dollars or 88 cents per diluted share, while non-GAAP net income […]