Dillard’s reported net income for the 13 weeks ended May 4, 2019 of 78.6 million dollars or 2.99 dollars per share compared to 80.5 million dollars or 2.89 dollars per share, for the prior year first quarter. The company said, net sales for the quarter were 1.465 billion dollars compared to 1.458 billion […]

Farfetch Limited, for its first quarter ended March 31, 2019 reported increase in gross merchandise value (GMV) by 126.6 million dollars to 419.3 million dollars, representing year-over-year growth of 43.2 percent. Platform GMV increased by 126.1 million dollars to 414.7 million dollars, up 43.7 percent. […]

On 2nd April, the court of Milan granted ailing Italian luxury fashion brand Roberto Cavalli SPA creditor protection (“Pre Concordato” status) with up to 120 days to present a turnaround plan. At the end of March, The Art Fashion Corp, the business that operates Cavalli's North American operations, […]

Fast Retailing, the parent company of Uniqlo, GU, Theory and J Brand, announced that the accounts of customers on their Uniqlo Japan and GU Japan online were accessed by hackers. The company broke the news on their website via a press release. At present, Fast Retailing has determined that a total of […]

Luxury has an eco-friendly problem when it comes to the burning and destruction of unsold golds. Rather than make it part of the circular economy or send it to an outlet store, they often burn unsold inventory. Burberry found themselves in hot water over this a few years ago, and has since changed their […]

Forty-five tech giants committed Wednesday to doubling the number of women on their management boards to 30 percent by 2022, the French presidency said. Alibaba, BNP Paribas, Booking.com, IBM, L'Oreal and Uber were some of the high-profile companies to sign a pledge at the second "Tech for good" summit […]

New York – New data from Juniper Research found the global number of successful retail chatbot interactions will reach 22 billion by 2023, up from an estimated 2.6 billion in 2019. Retail sales resulting from chatbot-based interactions will reach 112 billion dollars by 2023. According to Juniper’s new […]

Chinese e-commerce leader Alibaba on Wednesday announced revenue for the latest quarter that beat analyst estimates, indicating that the Sino-US trade tiff and a slowing domestic economy were having little impact on the bottom line. Revenue for the January-March period rose 51 percent year on year to […]

New York – The swimwear and beachwear niche is thriving, with new research forecasting this market’s share revenue to surge to 7,586 million dollars by 2025. The latest report by Zion Market Research on swimwear a beachwear market, ‘Europe Industry Perspective, Comprehensive Analysis, and Forecast, […]

New York - Laura Joukovski, the Chief Media Officer (CMO) running the data-driven, in-house media team at TechStyle Fashion Group, has implemented a test-and-learn culture across the portfolio of brands. In an interview with Forbes earlier this year Joukovski explained that they “believe a brand is […]

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