American fast-fashion retailer Forever 21 is reportedly mulling a bankruptcy filing. The company is focusing on securing a debtor-in-possession loan to take it into Chapter 11 bankruptcy, Bloomberg reports, citing people with knowledge of the plans. However, a potential last-minute deal is still speculated […]

Jack Ma believes artificial intelligence poses no threat to humanity, but Elon Musk called that "famous last words" as the billionaire tech tycoons faced off Thursday in an occasionally animated debate on futurism in Shanghai. The Chinese co-founder of Alibaba and the maverick industrialist behind Tesla […]

For the second quarter of fiscal 2019, total net sales at Tilly’s were 161.7 million dollars, an increase of 4.3 million dollars or 2.8 percent, while comparable store net sales, which includes e-commerce net sales, increased 0.6 percent and ecommerce net sales increased 15.7 percent. The company said […]

Shoe Carnival has reported net sales of 268.2 million dollars for the second quarter, a 0.1 percent decrease compared to the second quarter of fiscal 2018, while comparable store sales increased 1.4 percent. Gross profit margin 0.6 percent to 30.6 percent compared to 31.2 percent in the second quarter […]

For its second quarter, Guess, Inc. recorded GAAP net earnings of 25.3 million dollars, a 0.8 percent decrease compared to 25.5 million dollars for the second quarter of fiscal 2019, while GAAP diluted earnings per share increased 12.9 percent to 35 cents compared to 31 cents for the prior-year quarter. […]

Second quarter revenue at PVH Corp. increased 1 percent or 3 percent on constant currency basis to 2.4 billion dollars compared to the prior year period. PVH said, earnings per share on a GAAP basis were 2.58 dollars compared to 2.12 dollars in the prior year period, while earnings per share on a non-GAAP […]

Net revenues for the first half of 2019 at Brunello Cucinelli S.p.A totalled 291.4 million euros (322.9 million dollars), representing a rise of 8.1 percent at current exchange and 7.2 percent at constant exchange rates. The company said, total revenues, which include other operating income, rose by […]

Rihanna's lingerie line, Savage x Fenty, has received 50 million dollar in funding after an impressive year of sales, The Wall Street Journal reports. The addition 50 million dollars in capital comes after a 20 million dollar round of fundraising, bringing Savage x Fenty's total fundraising efforts […]

Canadian retailer Hudson's Bay Company (HBC) has announced it is selling luxury department store chain Lord + Taylor to fashion rental subscription service Le Tote in a 100 million dollar deal. The deal will see Le Tote acquire the Lord + Taylor brand and related intellectual property while assuming […]

Total sales for the second quarter increased 0.9 percent to 123.2 million dollars at Destination XL. The company said, the increase of 1 million dollars in total sales was primarily due to an increase in wholesale revenue of 2.7 million dollars and other revenue of 0.1 million dollars and was partially […]

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