Finnish fashion group Stockmann has reported improved trading in the third quarter amid the company’s ongoing cost-cutting strategy. For the three months to 30 September, the group reported an operating profit of 11.7 million euros compared to a profit of 2.1 million euros a year earlier. Consolidated […]

Under Armour, Inc., for the third quarter, reported that revenue was flat at 1.4 billion dollars compared to the prior year. The company said, gross margin decreased 40 basis points to 47.9 percent, operating income was 59 million dollars, while adjusted operating income was 133 million dollars. The […]

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 […]

Net sales at Columbia Sportswear Company decreased 23 percent to 701.1 million dollars, gross margin contracted 40 basis points to 48.9 percent of net sales, from 49.3 percent of net sales for the comparable period in 2019, operating income decreased 44 percent to 85.6 million dollars or 12.2 percent […]

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 […]

ANALYSISEBay (EBAY) shares fell Thursday, weighted by amid analyst’s disappointment on weaker-than-expected fourth-quarter guidance after a strong third quarter. The e-commerce company’s stock shredded 7.5 percent despite beating Wall Street expectations its third-quarter results. The company reported […]

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 […]

After 12 years, Carly Cushnie has closed the doors on her eponymous label. The CEO and creative director of women’s ready-to-wear and bridal line Cushnie has shutdown her business citing the coronavirus pandemic as the primary reason for this. Cushnie sent out a letter to the media where she discussed […]

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