Puma reported its net profit for full year grew on Wednesday. Compared with the same period last year, revenues grew by 18 percent. The company's net profit for full year was 262 million euro, surged from 187 million euro a year earlier. Furthermore, revenues grew to 5,502 million euro. Puma (ETR: PUM) […]

New York – Earlier this month, Walmart Inc. announced it will cease its New York focused e-commerce experiment Jetblack. The announcement comes barely a couple of years after the launch of the membership-based service which targeted affluent families living in New York City. It allowed customers to […]

Authentic Brands Group, Simon Property Group and Brookfield Property Group have confirmed acquisition of Forever 21. ABG and Simon will each own 37.5 percent of the retailer's intellectual property and operating businesses. , while Brookfield will own 25 percent. “Forever 21 is a powerful retail brand […]

Laura Ashley has struck a deal to access a loan to fund its day-to-day operations. The company’s majority shareholder MUI Asia Limited has been in talks with Wells Fargo to allow the British fashion and homeware retailer to access a loan facility. On Wednesday evening, Laura Ashley said that those talks […]

Leading global fashion-tech company Alvanon, has announced that its AlvaForm fit mannequins will feature in Netflix’s latest original series, ‘Next in Fashion’, a competition dedicated to finding the next big name in design. The series will start streaming on Netflix from January 29th 2020. Netflix’s […]

Nike has announced a series of changes to its senior leadership team, including a new president of consumer and marketplace, a new chief operating officer, and a new chief financial officer. Heidi O’Neill, who is currently president of Nike Direct, will become president of consumer and marketplace, […]

Beales is set to close all its remaining stores after failing to find a buyer for the business. The British department store chain, which began trading in Bournemouth in 1881 and is one of the UK’s oldest, fell into administration last month after struggling with high rents, business rates and poor […]

Contemporary fashion label Juicy Couture is gearing up for growth in 2020 with the help of NYC Alliance, a vertically integrated, multichannel apparel company. Authentic Brands Group, Juicy Couture's parent organization, made the announcement of the new partnership on Feb. 18, sharing that NYC Alliance […]

Destination XL Group, Inc., in its preliminary report, announced that net income for the fourth quarter is expected to range from 4 cents to 6 cents per diluted share compared to the prior-year fourth quarter’s net loss of 15 cents per diluted share. On a non-GAAP basis, the company expects net income […]

This year, the 36th IAF World Fashion Convention is set to take place in Europe, in the Flemish city of Antwerp (Belgium). The IAF has chosen to connect the 36th Convention to the EU as a whole, because of its vibrant fashion and textile industry and because of the ambitious plans on sustainability […]

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