Columbia Sportswear Company is expanding its global headquarters in Washington County, Oregon. According to an announcement from the brand on August 21, the company bought three nearby buildings from Electro Scientific Industries for 33 million USD. This acquisition will provide Columbia with 200,000 […]

House of Fraser has extended its administration for another year as Mike Ashley presses forward with his turnaround plan for the struggling retailer. The administration of the company was due to end on 10 August, but has now been extended to the same date in 2020 by consent of the company’s creditors. […]

Clothing and furnishing retailer Laura Ashley has reported a pre-tax loss of 14.3 million pounds (17.3 million dollars) in the year to June 30, compared to a profit of 100,000 pounds in the prior year. The company has blamed weak performance of its home furnishing business and changes made to its website […]

Dick’s Sporting Goods reported consolidated net income for the second quarter ended August 3, 2019 of 112.5 million dollars or 1.26 dollars per diluted share, compared to 119.4 million dollars or 1.20 dollars per diluted share in the previous year. Net sales for the quarter increased 3.8 percent to […]

In its interim results announcement for the six months, Li & Fung Limited, supply chain solutions partner for brands and retailers, said, on a like-for-like basis, turnover decreased 8.4 percent to 5,356 million dollars mainly due to ongoing destocking, customer turnover and customer bankruptcies […]

The Cato Corporation reported net income of 11.9 million dollars or 48 cents per diluted share for the second quarter ended August 3, 2019 compared to 6.5 million dollars or 26 cents per diluted share for the second quarter ended August 4, 2018. Sales for the quarter were 210.4 million dollars or an […]

The cost of clothing made in Europe and being sold in the UK could increase by 11.5 percent if the country crashes out of the EU without a deal later this year, new research suggests. According to personal finance website NimbleFins, the price hike - which could also see EU Footwear prices rise by 4.1 […]

US fashion resale company ThredUp has announced it has received 175 million dollars in funding that it will use to “fuel a new wave of growth and platform expansion.” With the new funding, ThredUp is launching a platform called RAAS (Resale-As-A-Service), which will provide services for retailers to […]

Board of directors at Ross Stores, Inc. has declared a regular quarterly cash dividend of 255 cents per common share, payable on September 30, 2019 to stockholders of record as of September 12, 2019. Headquartered in Dublin, California, with fiscal 2018 revenues of 15 billion dollars, Ross Stores operates […]

L Brands, Inc. earnings per share for the second quarter ended August 3, 2019, were 14 cents compared to 36 cents for the quarter ended August 4, 2018, while operating income was 174.6 million dollars compared to 228.1 million dollars last year and net income was 37.6 million dollars compared to 99 […]

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