Tmall owner Alibaba has reported a jump in sales and profits, beating earnings estimates for the quarter ending 30 June. Group revenue at the Chinese tech giant was up 34 percent in the quarter to 153.8 billion Chinese yuan (21.8 billion US dollars). Net income in the period was up 143 percent to 45.4 […]

Maternity and babywear specialist Mothercare has announced the launch of a “more sustainable and less capital-intensive” business model which will take effect from the AW20 season. It comes following successful talks with its franchise and manufacturing partners. “This new model results in our franchise […]

Australian gym and fitness apparel label Ryderwear is opening third party logistics warehouses in the UK and US in a bid to slash delivery times for international customers. In the UK, Ryderwear is teaming up with Bleckmann, to open a warehouse located in Swindon. The warehouse will stock an estimated […]

Frasers Group has reported a 19.9 percent drop in profit in what it described as “the most challenging year in the history of the company”. That’s despite sales increasing 6.9 percent to 3.96 billion pounds in the period ending 26 April. The company said this increase was largely thanks to a 34.9 percent […]

Global Fashion Group S.A. (GFG) revenues increased 11.3 percent and net merchandise value (NMV) increased by 22.8 percent to 488.3 million euros for the second quarter. In euro terms, revenues dropped 1.8 percent to 336.1 million euros. The company said in a statement that marketplace NMV grew by 90 […]

Sandra Roos has been appointed by Kappahl’s as the new Head of sustainability. The company said in a statement that she joins from the RISE research institute, where she served as an expert on sustainability issues in the textile industry. “Sandra’s sterling research background will allow us to create […]

Victoria’s Secret owner L Brands, Inc. has reported second quarter net sales of 2.319 billion dollars, a decrease of 20 percent compared to sales of 2.902 billion dollars for the quarter ended Aug. 3, 2019. The company said in a statement that its stores were closed during periods of time throughout […]

The TJX Companies, Inc. has announced that net sales for the second quarter were 6.7 billion dollars and overall open-only comp store sales were down 3 percent versus last year. Net loss for the quarter was 214 million dollars and loss per share was 18 cents. The company said in a statement that its […]

British department store chain Fenwick has reported widening losses in a year it described as “extremely challenging” even prior to the Covid-19 pandemic. For the 12 months to January 31, the family-owned business reported a loss of 49 million pounds compared to a loss of 46 million pounds the prior […]

TJX Companies reported its net loss for Q2 slipped on Wednesday. Revenues decreased by 31.8 percent from the same period last year. For Q2, the company's net profit was -214 million dollars, dropped from 759 million dollars last year. Furthermore, revenues decreased to 6,668 million dollars. Compared […]

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