As a No Deal Brexit looks more likely, and a Prime Minister to potentially step down, many wealthy businesses and individuals are considering migrating their investments, which will have a significant impact on the UK's retail and luxury landscape. According to a survey by Affluent & HNWIs, 200 investors […]

Fung Group and Ruyi Group have announced a strategic partnership to jointly develop new growth opportunities in the global textile and garment sector, specifically in the emerging Africa market. The company said that this strategic partnership will combine Fung Group's downstream network, brand expertise […]

For its fourth quarter, PVH Corp. reported revenue decrease of 1 percent to 2.5 billion dollars, while revenues increased 2 percent on a constant currency basis) compared to the prior year period, including a 125 million dollars negative impact as a result of 2017 including an additional week. Earnings […]

Lululemon Athletica Inc., for its fourth quarter ended February 3, 2019, reported net revenue of 1.2 billion dollars, an increase of 26 percent, while on a constant dollar basis, net revenue increased 27 percent. For the full fiscal year, net revenue was 3.3 billion dollars, an increase of 24 percent. […]

Google has established an Advanced Technology External Advisory Council (ATEAC) to consider ethical issues around artificial intelligence, facial recognition and other emerging technologies. The group, which has seven members, will hold four meetings in 2019 and publish a report based on the discussions […]

For the fourth quarter of 2018, total revenue at Iconix Brand Group, was 42.7 million dollars, an 18 percent decline, while for the full year, total revenue was 187.7 million dollars, a 17 percent decline over the prior year. For fiscal 2019, the company projects revenue in the range of 145 million […]

Online UK retailer Shop Direct has announced that it will be rebranding to The Very Group in order to bring its name and identity in line with its flagship consumer brand, Very. The new corporate identity, which the company said it will be unveiling later this year, will “support Shop Direct’s ambition […]

Luxury watchmakers have joined the list of businesses implementing Brexit contingency plans by stockpiling inventory in Britain before it leaves the EU, industry leaders said. Brands are seeking to guard against "practical problems" that may emerge, including new customs procedures or import backlogs […]

Gildan Activewear Inc. has said in a statement that it expects to take a charge of approximately 19 to 23 million dollars in the first quarter, related to the impairment of a trade receivable from Heritage Sportswear, one of the company’s US distributor within the imprintables channel. Gildan has therefore […]

Shoe Carnival, Inc. has reported net sales of 234.7 million dollars for the fourth quarter and sales of 1.030 billion dollars for the fiscal year. Net income was 1.4 million dollars or 9 cents per share for the quarter compared to net loss of 3.9 million dollars or a loss of 24 cents per diluted share. […]

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