Levi Strauss & Co. in its statement for the first quarter ended February 24, 2019 said net revenues grew 7 percent on a reported basis and 11 percent on a constant-currency basis, excluding 48 million dollars in unfavourable currency translation effects. The company added that diluted earnings per common […]

British department store chain Debenhams has entered into administration today, April 9, following the rejection of Sports Direct boss Mike Ashley’s 200 million pound rescue plan. The retailer’s 165 department stores will initially continue to trade, stated Chad Griffin, Simon Kirkhope and Andrew Johnson […]

iOS users can now use WhatsApp’s Business app too. The messaging service, whose business version was previously only available for Android, announced on its blog that WhatsApp Business for iOS is now available to download from the App Store in the UK, US, Brazil, Germany, Indonesia, India and Mexico, […]

Total sales at John Lewis for the week ending April 6, 2019, the company said in a statement, were down 5.8 percent as it continued to annualise strong sales due to the earlier fall of Easter last year. Fashion sales during the week were up 4.3 percent. The company added that beauty, wellbeing and leisure […]

Debenhams may fall into pre-pack administration today after its rejection of a fresh funding offer worth 200 million pounds from Sports Direct, made on Tuesday this week. The company has announced suspension of its shares just before the start of today’s trading. A day earlier, Debenhams had rejected […]

Online women’s brand Sosandar expects to report very strong revenue growth of 228 percent to 4.44 million pounds (5.81 million dollars) for the year ended March 31, 2019. The company said, repeat orders for the year increased 389 percent to 55,828, while number of orders increased 224 percent to 102,742 […]

As reported last week, a ruling by Bangladesh’s Supreme Court’s Appellate Division on the Accord’s appeal against its restraining order was due yesterday. However, after first being rescheduled to today, 8th April, the hearing has been further adjourned until 15th April 2019. FashionUnited has retraced […]

We’re going to have to wait a few more days to know what the future holds for the Bangladesh Accord, the independent organization set up by more than 200 fashion companies operating in Bangladesh, which conducts safety inspections in garment factories since the Rana Plaza building collapse in 2013. […]

First Insight, Inc., a global technology company transforming how leading retailers make product investment, pricing and marketing decisions, has announced its continuing international expansion with the opening of new offices in London and Chennai, India, and the addition of a number of international […]

ANALYSIS New York – Superdry said has revealed that its former chief executive Euan Sutherland will receive a 730,000 pounds payoff following his resignation this week.Sutherland’s resignation is just one of the many received by the fashion company this week, after its co-founder Julian Dunkerton got […]

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