For its first half period, Safilo Group S.p.A. reported net sales from the continuing operations of 495.9 million euros (551.7 million dollars), up 6.5 percent at current exchange and 3.9 percent at constant exchange rates compared to the same period of 2018 with the wholesale business showing an improvement […]

New York – Private equity investors surveyed by Deloitte forecast major players in the personal luxury goods industry – which is inclusive the luxury apparel - to achieve 1.1 times their 2018 sales index by 2021 (which means growing by 4 percent CAGR in the period comprehended between 2018 and 2021.) […]

New York - Simon Property Group, the biggest mall owner in the U.S., said on July, 31 it is considering retail investment as it looks to keep stores afloat. They have already rescued ailing teen apparel brand Aeropostale. As reported by CNBC, Simon CEO David Simon said on a post-earnings conference […]

Columbia Sportswear Company CEO Tim Boyle has voiced his concerns about Donald Trump’s proposed tariffs on imported goods from China beginning September, calling it a “massive tax on employers and consumers, not on China.” President Trump took to Twitter on Thursday to announce that a 10 percent tariff […]

July 2019 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group decreased by 10 percent year on year while total sales including online sales decreased by 10.3 percent. The company attributed same-store sales decline in July to markedly unseasonal cool weather throughout […]

ANALYSIS New York – Online fashion retailer Sosandar PLC said that Octopus Investments Nominees Ltd bought 11.12 percent stake in the company on Wednesday, July, 31. After the investment, Octopus Investments Nominees owns 18.1 million shares in the company. The news boosted the stock, with Sosandar […]

ANALYSIS New York – British fashion house Stella McCartney – with an estimated turnover of circa 170 million euros –has traded in Kering for their big rival, the world’s largest luxury goods group, LVMH. FashionUnited talks to market experts to analyse the impact of this deal. The luxury goods conglomerate […]

Italian luxury group Prada said Thursday its decision to stop offering end-of-season discounts at its stores had helped boost its performance, as it posted a sharp rise in net income. "Our strategic decision to stop seasonal markdowns and to rationalize the wholesale channel has been well received by […]

For its second quarter, HanesBrands reported net sales increase of 3 percent to 1.76 billion dollars, while in constant currency, net sales increased 5 percent. The company said, second-quarter GAAP operating profit increased 6 percent to 234 million dollars, while adjusted operating profit increased […]

Gildan Activewear Inc. said in a statement that sales of 801.6 million dollars in the quarter, were up 4.9 percent over last year, setting us on track to deliver our full year sales target of mid-single-digit growth. The company generated GAAP diluted EPS of 49 cents, and adjusted diluted EPS of 56 […]

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