Hudson’s Bay Company’s (HBC) second quarter revenues totalled 1.9 billion Canadian dollars (1.4 billion dollars), including a 19 percent increase in digital sales, while comparable sales decreased 0.4 percent. The company said, gross margin declined 530 basis points year-over-year to 34 percent due […]

BACKGROUND Six years ago, the worst industrial accident in the history of Bangladesh occurred. More than 4,000 people were buried under debris and at least 1,138 killed when the Rana Plaza building collapsed, housing several garment factories where western apparel companies manufactured their clothes. […]

Despite the prospect of significant gains in efficiency and sustainability, 3D adoption within the apparel industry remains relatively slow compared to the otherwise fast-paced world of fashion. A lack of skilled workforce with practical know-how as well as direct experience of the benefits and gains […]

In its unaudited results announcement for the first half year, John Lewis Partnership said that it made a loss of 25.9 million pounds (32 million dollars) compared to 0.8 million pounds profit last year. The company said, this decline was principally due to the increase in operating losses in John Lewis […]

Second quarter net sales at Oxford Industries, Inc. were 302 million dollars compared to 302.6 million dollars in the second quarter of fiscal 2018. The company said, earnings on a GAAP basis were 1.76 dollars per share compared to 1.61 dollars in the same period of the prior year. On an adjusted basis, […]

For its second quarter, Tailored Brands, Inc., on a GAAP basis, reported net earnings of 34.3 million dollars compared to 49.2 million dollars last year. Diluted EPS was 68 cents compared to 97 cents last year. On an adjusted basis, net earnings were 41.7 million dollars compared to 54.6 million dollars […]

Kappahl Ab has announced that preliminary net sales for June to August 2019 amount to 1,322 million Swedish krona (136.7 million dollars) compared to 1,239 million Swedish krona in the previous year with a preliminary operating profit of 108 million Swedish krona (11 million dollars) compared to 66 […]

New York - Yahoo Japan will soon be the owner of the Nippon country’s largest online fashion retailer, Zozotown, as both companies confirmed in a joint release on Thursday. Yahoo Japan, which is part of the SoftBank Group, plans to tender an offer to acquire 50.1 percent of Zozo shares and make the […]

Sustainability has finally become more than just a buzzword with brands, retailers and innovative companies following through and taking responsibility. August saw brands especially becoming ambitious and setting sustainable targets for themselves in terms of water consumption, materials used and carbon […]

The Hermès Group’s consolidated revenue amounted to 3,284 million euros (3,623 million dollars) in the first half of 2019, up 15 percent at current exchange rates and 12 percent at constant exchange rates. The company said, recurring operating income increased 15 percent, to reach 1,144 million euros […]

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