For the three months ended 28 February 2019, Asos Plc said, total sales grew at 13 percent on a reported basis and 11 percent on a constant currency basis to 658.5 million pounds (873.3 million dollars). The company added that retail gross margin expanded by 40bps. Total orders placed increased 15 percent […]

The board of directors of New Look Poland Sp. z o.o. (NLP) has decided to file for insolvency. The company said in a statement that following a review of its financial and trading position, New Look Poland, which currently operates 19 stores in Poland, has concluded that it is unable to continue trading, […]

INTERVIEWAllbirds’ rise is every startup’s dream. In just over three years, the San Francisco-based footwear company sold over a million pairs of sneakers, raised more than 77 million US dollars and is reportedly valued at 1.4 billion, according to a recent report by the Wall Street Journal. Its shoes […]

ANALYSIS New York - Prada reported full-year sales of 3.142 billion euros on Friday, up 6 percent at constant exchange rates and compared with 9.4 percent growth in the first six months. At current exchange rates, sales growth came in at 3 percent, explained the company in a financial release. Negative […]

ANALYSIS New York – The British fashion retailer is expected to report a decline in its annual profits later this week when it publishes its financial performance for 2018. Corporate struggles and a weaker pound are to blame, according to the market. As Cantor Fitzgerald’s analyst Mark Photiades put […]

The UK Fashion and Textile Association (UKFT) has stated that the ‘no deal’ Brexit tariffs announced by the UK government is “a mixed bag for fashion” and will impact exporters, as well as imports from Turkey, which is a major supplier to the UK fashion industry. The temporary tariff plan in the event […]

Midlands-based sports fitness clothing brand Gymshark has launched the second phase of its tech incubator in partnership with Innovation Birmingham to offer business support for digital tech SMEs innovating in the West Midlands. The #LiftYourBusiness incubator aims to drive growth and opportunities […]

JD Sports Fashion plc has offered to take over Footasylum plc for 82.5 pence per share or 90.1 million pounds (119.81 million dollars) in cash. The company said in a statement that the offer price represents a premium of approximately 77.4 per cent to the closing price of 46.5 pence per Footasylum Share […]

Turkey's leading jeans and apparel brand Mavi has reported a 32 percent increase in revenues for its full year financial results for the year ending January 31, 2019. The company said, consolidated revenues increased by 32 percent to 2.353 billion Turkish Lira and net profit increased by 12 percent […]

BACKGROUND Just a few months ago, it seemed quite possible that German online retailer Lesara could become the number 1 in the international fashion discount market as planned: Sales were good, the company expanded into more and more European markets, won awards and was able to secure funds in financing […]

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