J.Crew Group, Inc. said that gross margin for the fourth quarter decreased to 22.4 percent from 36.7 percent in the fourth quarter last year. Operating loss, the company said, was 64.2 million dollars compared with an operating income of 4.9 million dollars in the fourth quarter last year and net loss […]

For its fourth quarter, Guess, Inc. recorded total net revenue increase of 5.7 percent to 837.1 million dollars, while in constant currency, the company said, net revenue increased by 9.5 percent. Fourth quarter GAAP net earnings of 23.2 million dollars, a 2,134 percent increase compared to 1 million […]

Dutch company Victory & Dreams International Holding BV has acquired fashion brand Bonita from German group Tom Tailor Holding SE. The agreement still needs to be approved by the authorities and the terms of sale haven’t been disclosed. Tom Tailor had already announced its intention to sell Bonita in […]

London-based sports retailer WIT Fitness has received a 2 million pound cash injection from growth capital investor VGC Partners. The brand, which was founded by former amateur athlete Dan Williams and sports retail expert Sam Kitching in 2015, currently operates as an online platform in the UK and […]

Global investment firm Eurazeo no longer holds any Moncler shares. The company has sold its remaining shares of Moncler S.p.A, which represented approximately 4.8 percent of the company’s share capital and voting rights, for a total of 445 million euros. Eurazeo acquired a 45 percent stake in Moncler […]

1.49 billion euros: that’s how much the European Commission has fined Google for breaching EU antitrust rules one more time. According to the Commission, Google forced its AdSense clients to sign contracts prohibiting them from accepting advertising from rival search engines. Commenting on the fine, […]

The Arcadia Group on Wednesday stated it appointed Mitch Hughes as the new buying and design director for its Topman brand. Hughes is no stranger to the Arcadia Group, joining Topshop as the former buying director for Burton, having been with the company since 2015. Hughes previously worked at Marks […]

British sustainable fashion brand Komodo offers an internship scheme that regularly attracts high calibre international students for six-month placements at its London head office. Rather than doing the cliché coffee rounds or handling the photocopying, Komodo’s emphasis is on giving students an insight […]

Sainsbury’s and Asda have pledged to make one billion pound price cuts in a bid to win CMA approval for their proposed 12 million pound merger to go ahead. In a statement released on Tuesday, Sainsbury’s and Asda said they would deliver one billion pounds of lower prices annually by the third year following […]

Kappahl’s net sales for the second quarter amounted to 1,185 million Swedish krona (128.7 million dollars), an increase of 6.3 percent. This, the company said, is explained by the 2.9 percent change in comparable stores, 1.7 percent in new and closed stores, and 1.7 percent effect of currency translation […]

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