For the second quarter, Caleres delivered net earnings of 25.3 million dollars with earnings per diluted share of 61 cents, up 10.9 percent, while adjusted net earnings reached 25.8 million dollars, resulting in adjusted earnings per diluted share of 62 cents, up 5.1 percent. Sales of 752.5 million […]

CNBC has reported that Cole Haan is preparing for an initial public offering. Currently, Cole Haan is owned by private equity firm Apex Partners, which bought Cole Haan from Nike in 2013. “Our management team is confident in the opportunities we have created for the Cole Haan brand and our business […]

Premium brand Reiss is continuing to see growth on the high street, with total group sales up by 23.7 percent to 102.9 million pounds for the 26 weeks to August 3. In addition, like-for-like sales for the same period grew by 25.6 percent, building on a strong first quarter for the fashion retailer. […]

ANALYSISMadrid - The first meeting of shareholders of Spanish department stores operator El Corte Inglés chaired by Marta Álvarez passed quietly, on a day marked by unanimity. Although it did not provide too much detail regarding the measures they’re planning to take to improve the profitability of […]

Anne Summers has won rent reductions for 95 of its 100 stores, but a Company Voluntary Agreement (CVA) may be necessary for the remaining five. Writing in a column for Retail Week, Anne Summers CEO Jacqueline Gold said: “There has been a fundamental shift in the retail property market” which have forced […]

According to a recent report published by Zion Market Research, the global functional apparel market accounted for 99.24 billion dollars in 2018 and is expected to reach 280.12 billion dollars (228.9 billion pounds) by 2026, growing at a CAGR of 13.8 percent between 2019 and 2026. The main reasons behind […]

Paris - The French government wants to prohibit the destruction of unsold non-food products in the next two to four years. Prime Minister, Edouard Philippe, made the announcement in June and also hailed it “a world first”. The measure is the logical continuation of a roadmap established last year; a […]

Just ahead of the G7 meeting in Biarritz, which is concluding today, François-Henri Pinault, chairman and CEO of luxury fashion group Kering, unveiled the Fashion Pact, a coalition of 32 fashion houses to protect the world’s climate, biodiversity and oceans, on Friday, to be presented to world leaders […]

The board of directors of Macy’s, Inc. has announced a regular quarterly dividend of 37.75 cents per share on Macy’s, Inc.’s common stock, payable October 1, 2019, to shareholders of record at the close of business on September 13, 2019. In its second quarter trading update, the company reported diluted […]

A new sustainability initiative called the Fashion Pact has seen 32 of the world’s leading brands and textile companies sign up to work together to mitigate the impact of the fashion industry on the environment. The group will be fronted by Kering Chairman and Chief Executive Offer Francois-Henri Pinault […]

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