For the thirteen weeks ended May 4, 2019, Chico’s reported net income of 2 million dollars or 2 cents per diluted share compared to 29 million dollars or 23 cents per diluted share, for the first quarter last year. The company reported first quarter adjusted net income of 5.6 million dollars or 5 cents […]

PTTRNS.ai accelerates digital innovation in fashion with applied artificial intelligence and 3D visualisation. PTTRNS.ai, a fast-growing scale-up, has launched in the Netherlands. PTTRNS.ai is dedicated to empower fashion, beauty and lifestyle brands and (online) retailers to optimise their processes […]

US retail giant Amazon has moved past hi-tech titans Apple and Google to become the world's most valuable brand, a key survey showed Tuesday. The brand value of Amazon surged by 52 percent to 315 billion USD, global market research agency Kantar said in its 2019 100 Top BrandZ report. Amazon jumped […]

Omni-channel fast fashion brand Quiz, in its unaudited preliminary results statement for the year to March 31, 2019 said that group revenue of 130.9 million pounds (166 million dollars) was 12 percent higher compared to the previous year. Underlying group profit before tax was 0.6 million pounds (0.7 […]

Ted Baker Plc has announced that due to ongoing consumer uncertainty in a number of key markets and elevated levels of promotional activity across its global markets, it anticipates underlying profit before tax for the year ending January 25, 2020 to be in the range of 50 million to 60 million pounds. […]

For its third quarter to May 4, 2019, Ascena Retail Group, Inc. reported a GAAP loss of 1.20 dollars per diluted share compared to 20 cents in the year-ago period. The company said adjusted loss for the quarter was 26 cents per diluted share compared to 8 cents per diluted share in the year-ago period. […]

After shuttering Lord & Taylor, selling off Gilt, and working to keep Saks competitive in an increasingly crowded retail field with more luxury e-commerce players popping up, Hudson's Bay Co. is now considering going private. Richard Baker, the executive chairman of Saks, is now leading a bid to take […]

Israeli apparel company Delta Galil is expanding its presence within the intimates and swimwear categories. The global manufacturer, whose existing portfolio includes 7 For All Mankind, Splendid and Ella Moss, has announced that it will acquire the Bogart Group in the beginning of Q3. The Bogart Group […]

Alibaba, one of Amazon's biggest global competitors and one of the biggest online marketplaces, has selected China International Credit Corp. and Credit Suisse to lead their initial public offering. The news was reported by Business of Fashion. Alibaba is in talks with other investment banks to be part […]

New York - A recent study by the International Trademark Association (INTA) analysing the purchasing behaviours of Generation Z – people aged between 18 and 23 – has found that affordability trumps morality when it comes to counterfeits. The study surveyed hundreds of consumers within the Gen Z generation […]

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