For its fourth quarter, Dillard’s reported net income of 67 million dollars or 3.05 dollars per share compared to 67.7 million dollars or 2.75 dollars per share, for the prior year fourth quarter. Net sales for the quarter were 1.570 billion dollars compared to 1.923 billion dollars, last year, while […]

Innovation has always been at the heart of the fashion industry. But it is safe to say that the outbreak of COVID-19 highlighted the need for innovative solutions while accelerating the industry’s digital shift. With the introduction of social distancing, lockdown measures, and new safety and hygiene […]

Canadian athletic apparel brand RYU Apparel has announced a wholesale distribution agreement with Mexican marketer and distributor Grupo Pavel. The deal, which RYU described as “a key step” in its wholesale strategy, will see Grupo Pavel sell RYU Apparel throughout Mexico. “Premium sportswear and athleisure […]

LVMH, the world's biggest luxury goods company, said on Monday it had agreed to buy 50 percent of Armand de Brignac, the champagne brand owned by rapper Jay-Z. The company said the purchase -- for an undisclosed sum and made through its Moet Hennessy drinks division -- also involved a distribution deal […]

The Adidas AG executive board has decided to resume the company’s dividend payments. The company will propose paying a dividend of 3 euros per dividend-entitled share for the financial year 2020 to Adidas shareholders at the Annual General Meeting (AGM) on May 12, 2021. The company said in a statement […]

Boris Johnson will later today outline a much-awaited roadmap to easing lockdown restrictions in England over the coming months. The roadmap will be a “cautious” reopening of the country in several stages. Vaccines minister Nadhim Zahawi told BBC Breakfast that the first stage will be split into two […]

Walpole, the industry body for the British luxury sector, has unveiled the 2021 participants for its annual Brands of Tomorrow programme, including MyWardrobe HQ and Hancock. The initiative will nurture and guide twelve of what Walpole calls “Britain’s most innovative fledging luxury companies,” and […]

On 24 December 2020, after intense negotiations, the EU and the UK signed the Agreement on the New Partnership which comprehensively regulates their future relationship. With the UK’s provisional withdrawal from the single market and the customs union on 1 January 2021, Brexit is formally completed, […]

The new owners of British supermarket chain Asda are reportedly considering spinning off the company’s George clothing brand as they look to cut costs and spending. Billionaire brothers Zuber and Mohsin Issa and private equity firm TDR Capital earlier this month completed their acquisition of Asda from […]

Hodinkee, a New York-based media and commerce company focused on watches, has acquired online pre-owned luxury watch specialists Crown & Caliber. The move will see Hodinkee “put a stamp” on the watch resale market, the company said. “With smart pricing tools, quick payment services, and a tremendous […]

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