ANALYSIS New York - "Medical professionals have NEVER had the opportunity to shop for their uniforms like they would regular clothes, despite wearing scrubs more frequently than any other article of clothing they own.” This was the reflection that led Heather Hasson and Trina Spear to found FIGS in […]

Amazon CEO Jeff Bezos has announced a new set of projects to help the company tackle climate change. Under a new Climate Pledge announced Thursday, the US giant aims to become net zero carbon across its businesses by 2040, ten years ahead of the Paris Accord’s goal of 2050, and is calling on other companies […]

Ahlers Ag has announced that third quarter earnings before taxes more than doubled to 2.2 million euros (2.4 million dollars), up 144 percent compared to 0.9 million euros in the previous year. The company said, this was mainly due to lower operating expenses as a result of the earnings and efficiency […]

Total sales at OVS SpA in the first half were 651 million euros (719.8 million dollars), down 2.4 percent compared with the same period of 2018. The company said in a statement that sales were adversely affected by the sharp market contraction in April and May. The company added that franchising network […]

Debenhams has received U.K. High Court approval that will allow the company to shut stores and cut jobs, according to reports. The company will go ahead with its plans for a company voluntary arrangement that will allow the company to close 22 of its least profitable stores and slash rents on more than […]

The UK's competition watchdog warned that JD Sports Fashion plc's (JD.L) 90 million pounds Footasylum deal may hurt competition, referring the deal for a deeper investigation. The U.K. Competition and Markets Authority or CMA said it is concerned that the loss of competition brought about by the merger […]

Next brand full price sales in the first half-year were up 4.3 percent and brand total sales including markdown sales were up 3.8 percent to 2,013.2 million pounds (2,511 million dollars) on last year. The company said in a statement that group profit before tax was up 2.7 percent to 319.6 million pounds […]

Rocket Internet SE in the first half of 2019 reported 32 million euros (35.3 million dollars) of consolidated revenue and a consolidated profit of 548 million euros (605 million dollars), representing 3.65 euros earnings per share compared to 1.84 per share in the first half of 2018. The company said, […]

Impacted by the group’s decision to close unprofitable stores and resize the retail store footprint which led to a year-on-year reduction in total controlled space of 14.3 percent and exceptional items totalling 1,493 million Hong Kong dollars (190.7 million dollars), Esprit Holdings Limited reported […]

Second quarter revenues at Apex Global Brands of 5.6 million, decreased 21 percent, reflecting decreases in the company’s Cherokee and Hi-Tec royalties in Europe, and the non-renewal of the company’s Cherokee license in South Africa at the end of fiscal 2019. The company said in a statement that economic […]

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