British property firm Hammerson has received approval from shareholders to go ahead with its rescue plan to raise 825 million pounds. The company, which owns Bullring shopping centre in Birmingham and Brent Cross centre in London, plans to raise 552 million pounds through a fundraise and 274 million […]

For the second quarter, PVH Corp said that the results exceeded the company’s expectations despite continued disruption from the Covid-19 pandemic with revenue decrease of 33 percent to 1.581 billion dollars compared to the prior year period. The company’s revenue through its digital channels grew over […]

Escada SE filed for insolvency proceedings at the Munich District Court on Tuesday. The German luxury label said Wednesday the proceedings only concern Escada SE and no other companies of the Escada Group. The move will affect the jobs of 180 employees who work at the company’s headquarters and in eight […]

For the second quarter, Guess Inc., recorded GAAP net loss of 20.4 million dollars compared to GAAP net earnings of 25.3 million dollars for the second quarter of fiscal 2020, while GAAP diluted loss per share was 31 cents compared to GAAP diluted earnings per share of 35 cents for the same prior-year […]

For the second quarter, net revenue at Lands’ End, Inc. increased 4.6 percent to 312.1 million dollars, while global ecommerce net revenue increased 23.6 percent driven by US ecommerce increasing 26.2 percent and International ecommerce growing 9.4 percent as compared to the prior period. The company […]

For the second quarter, Macy’s, Inc. total sales declined to 3,559 million dollars. Comparable sales for the period were down 34.7 percent on an owned basis and down 35.1 percent on an owned plus licensed basis, due to faster paced store recovery than originally modeled and better than expected growth […]

Authentic Brands Group and Sparc Group have finalised the acquisition of US menswear retailer, Brooks Brothers for 325 million dollars. “We are thrilled to bring this world-class brand into the fold,” said Jamie Salter, founder, chairman, and chief executive of Authentic Brands Group. “Brooks Brothers […]

The convenience of online shopping has changed the world of e-commerce and how we shop for clothes. Online sales have been a lifeline to many retailers when physical stores were forced to close during the pandemic, but what are they doing with the data they collect from shoppers? From every ‘add to […]

For the second quarter, Caleres net sales were 501.4 million dollars, down 33.4 percent with direct-to-consumer sales representing 80 percent of total net sales. The company reported a 20.5 percent sales decline in the Famous Footwear segment with comparable stores sales up 14.7 percent during the quarter […]

Shoe Carnival reported net sales of 300.8 million dollars for the second quarter, up by 4.6 percent, while the comparable store sales increased 12.6 percent. The company said in a statement that ecommerce sales increased 332 percent and represented more than 20 percent of total sales in the second quarter […]

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