Third quarter net sales at OVS S.p.A. amounted to 361 million euros, up by 6.1 percent compared to the same period of last year, showing a positive performance also in terms of like-for-like. As of mid October, before store closures imposed by the second wave of the pandemic, the company said, sales […]

Organic, bio-based, biosynthetic - the terms for so-called biomaterials vary so greatly that not only clothing brands and retailers get confused, but also many consumers. That is why the global sustainability initiative Fashion for Good, together with the platform for biomaterials and their manufacturers, […]

Inditex generated a net profit of 671 million euros in the nine months of FY20 and 866 million euros in the third quarter, while Ebitda reached 1.85 billion euros in the quarter, down from 2.23 billion euros in the prior year. The company said in a statement that the sales trend continued to improve […]

Finnish fashion group Stockmann has announced it will sell and lease back department store properties in its portfolio as part of its restructuring plan. The company announced Monday that its restructuring programme is based on the continuation of its department store operations and the sale and lease-back […]

JD Sports Fashion Plc has announced that its existing wholly-owned intermediate holding company in the United States, Genesis Holdings Inc has acquired 100 percent of both the issued shares in the Shoe Palace Corporation and the members’ interests in Nice Kicks LLC. The company said in a statement that […]

In the fourth quarter of 2020, the H&M group’s net sales decreased by 10 percent in local currencies compared with the corresponding period last year. For the full financial year, the company said in a statement that net sales decreased by 18 percent in local currencies. Converted to SEK the group’s […]

Foot Locker, Inc. has announced the appointment of Himanshu Parikh as Senior Vice President, Chief Information Officer, effective December 11, 2020. The company said, Parikh will oversee the execution of the next generation of Foot Locker’s strategic technology agenda in support of the company’s key […]

Rihanna’s Savage x Fenty isn’t slowing down anytime soon and she has big plans for the brand’s growth. The entrepreneur is partnering with Goldman Sachs to seek 100 million dollars of investment money to scale the brand. The plans are to expand product categories, potentially getting into activewear, […]

Analysts expect Burlington Stores, Inc. (NYSE:BURL) to post 2.08 billion dollars in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Burlington Stores’ earnings. The highest sales estimate is $2.12 billion and the lowest is 2.03 billion dollars. […]

Walmart has announced that it will triple its exports of goods from India, aiming at 10 billion dollars per year by 2027. The announcement is in line with ongoing efforts including its Flipkart Samarth and Walmart Vriddhi supplier development programs. This major endorsement of India’s manufacturing […]

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