In light of the coronavirus outbreak, VF Corporation has temporarily closed about 60 percent of its owned and partner stores in China due to coronavirus mitigation efforts, while the company said in a statement that stores currently open have experienced significant declines in retail traffic. “The […]

The company said on Friday its FY19 net profit surged Revenues grew by 2 percent from the same period last year. The company's net profit for FY19 was 601 million dollars, grew from 540 million dollars a year earlier. Revenues increased to 6,967 million dollars. Hanesbrands Inc. (NYSE: HBI) was founded […]

There is a growing need for smart technology in the fashion industry. Bigthinx is a deep-tech startup specializing in Artificial Intelligence for fashion, retail and fitness. Bigthinx's B2B2C AI software carry out a 3D body scan using only two photos from a smartphone and calculate 44 precise body measurements […]

Animal rights organisation Peta has bought a one percent stake in Mike Ashley’s House of Fraser after the retailer began restocking items containing fur despite a “strict no-fur policy”. It means representatives of the organisation will be able to attend the retail chain's annual meeting in September […]

Burberry Group plc has said that following the coronavirus outbreak in China 24 of our 64 Burberry stores in Mainland China are closed with remaining stores operating with reduced hours and seeing significant footfall declines. “The outbreak of the coronavirus in Mainland China is having a material […]

Columbia Sportswear Company announced through a statement that fourth quarter net sales increased 4 percent to 954.9 million dollars against the comparable period in 2018. Gross margin declined 160 basis points to 50.1 percent of net sales from 51.7 percent of net sales for the comparable period in […]

Sales at Skechers USA Inc., grew 23.1 percent as a result of a 31.2 percent increase in the company’s international business or 32.3 percent on a constant currency basis, and a 13 percent increase in its domestic business to 1,330.7 million dollars. On a constant currency basis, the company’s total […]

Columbia Sportswear Company reported its net profit for Q4 grew on Thursday. Revenues surged by 4 percent from the same period last year. For Q4, the company's net profit was 114 million dollars, climbed from 113 million dollars last year. Revenues surged to 9,549 million dollars. Columbia Sportswear […]

The company said on Thursday its Q4 net profit grew Compared with the same period last year, revenues climbed by 23 percent. The company's net profit for Q4 was 60 million dollar, grew from 48 million dollar a year earlier. Revenues increased to 1,331 million dollar. Skechers USA, Inc. is an American […]

Nike is expanding its business operations in South America through new strategic partnerships in Brazil, Argentina, Chile and Uruguay. The sportswear brand is transitioning its current operations in the region to strategic distributor partnerships, which it believes will enable a more profitable, capital […]

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