American luxury and lifestyle company Tapestry said on Tuesday its Q4 revenue for 2018 rose 31 percent. Profit increased by 39.5 percent from the same period last year. For the full year, revenues also increased 31 percent to 5,880 million dollars, while net income 397.5 million dollars compared to […]

Total sales at John Lewis, the company said in a statement, for the week ending August 12, 2018, were down 1.8 percent on the same week last year with hot weather in the first part of the week continuing to impact trade. Fashion sales were, however, up 0.7 percent. The company added that womenswear […]

Susanne Ehnbåge, who was appointed the new CEO of Lindex in January, has commenced her new role at the fashion company. The company said in a statement that Ehnbåge has solid skills and experience in retail and in driving successful digital commerce and her driving forces, such as generating results […]

Recruitment firm for senior fashion executives, Retail Executives Limited has appointed Darren Topp as Chairman. In a press statement, Retail Executives said that Topp will be responsible for the firm’s strategic direction, growth of the firm’s advisory board and board practice. The firm added that […]

ANALYSISNew York - Danish jewellery maker Pandora opened its namesake’s box last week when it warned that full-year sales will be lower than expected, tanking the stock to historical lows. The Danish company expects sales will increase by between 4-7 percent this year, compared with the 7-10 percent […]

Sir Philip Green’s Arcadia, the parent company of Topshop and Topman has terminated its franchise agreement with its Chinese partner Shangpin. A spokesperson at Topshop Topman said in a statement: “The British fashion brands and Chinese franchise partner, Shangpin, have reached a mutual agreement to […]

Nike, Inc’s board of directors has announced a quarterly cash dividend of 0.20 dollar per share on the company’s outstanding Class A and Class B Common Stock payable on October 1, 2018, to shareholders of record at the close of business on September 4, 2018. For its fourth quarter, Nike recorded a revenue […]

L Brands, Inc. reported net sales of 849.7 million dollars for the four weeks ended August 4, 2018, compared to 767.7 million dollars for the four weeks ended July 29, 2017. The company said, comparable sales for the period remained flat compared to the four weeks ended Aug. 5, 2017. The company added […]

The Cato Corporation has reported sales of 56.7 million dollars for the four weeks ended August 4, 2018, up 1 percent, while the company said, same-store sales for the period were up 2 percent. "Due to strong merchandise margins, as a result of much lower markdown sales versus last year, we expect the […]

American department store company Stage Stores Inc. has announced the departure of Oded Shein, its Executive Vice President and Chief Financial Officer, effective August 10. Shein is leaving the company to pursue another opportunity. In the meantime, Stag Stores has appointed Jason Curtis as Interim […]