The company said on Tuesday its Q1 net profit slipped. Revenues decreased by 2 percent from the same period last year. For Q1, the company's net profit was 20 million dollars, decreased from 122 million dollars last year. Revenues dropped to 1,358 million dollars. Compared to 9 percent a year ago, the […]

For the year ended September 14, 2019, Primark, part of the Associated British Foods plc reported 4.2 percent rise in turnover ahead of last year at actual exchange rates and 4.1 percent ahead at constant currency, driven by increased selling space partially offset by a 2 percent decline in like-for-like […]

October 2019 same-store sales at Uniqlo Japan, part of the Fast Retailing Group, dropped 1.9 percent including online sales, while the company said in a statement that total sales including online sales decreased by 2.6 percent. Uniqlo attributed same-store sales decline in October to persistently warm […]

The company said on Tuesday its Q3 net profit decreased. Compared with the same period last year, revenues decreased by 1 percent. For Q3, the company's net profit was 56 million euros, dropped from 66 million euros last year. Revenues increased to 720 million euros. The profit margin of the company […]

Under Armour Inc. reported its net profit for Q3 surged on Monday. Revenues dropped by 1 percent from the same period last year. For Q3, the company's net profit was 102 million dollars, climbed from 75 million dollars last year. Furthermore, revenues dropped to 1,429 million dollars. Under Armour (NYSE: […]

Struggling baby products retailer Mothercare plc is set to appoint administrators putting several jobs at risk. The company announced through a statement that notices of intent to appoint administrators to Mothercare UK and Mothercare Business Services (MBS), which provides certain services to Mothercare […]

Cornish fashion brand Seasalt, for the financial year ending February 2, 2019, reported turnover growth of 29 percent on the prior year 66 million pounds (85.3 million dollars), marking ten years of 20 percent year-on-year sales growth. The company said in a statement that operating profit was up 2.1 […]

Designer Zac Posen has shuttered his namesake fashion label House of Z, citing unable to timely find a strategic investor amid a struggling retail climate. The announcement to cease operations went into immediate effect, with Posen’s website and e-commerce platform being taken offline. The news comes […]

New York – Lululemon has participated in the latest fundraising round for Mirror, a fitness startup that brings boutique fitness classes home with high-tech mirrors. The new funding totalled about 34 million dollars in a new funding round led by Point72 Ventures. Lululemon partook with an undisclosed […]

OPINION New York has lost an iconic retailer. As Barneys caved to bankruptcy, its name will be sold to the likes of Saks, its inventory discounted for swift liquidation, and its stores, including the Madison Avenue flagship as we know it, closed for good. Authentic Brands Group took control of Barneys […]

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