Marks and Spencer is to be demoted from the FTSE 100 for the first time since the list of the UK’s biggest companies was launched in 1984. The British fashion and food giant will drop off the list after its market value fell below the threshold for inclusion based on the closing price of its stock on […]

Sweddish fast-fashion retailer H&M on Thursday announced it will suspend leather purchases from Brazil as a direct response to the horrific Amazon fires that have provoked a global outcry. The boycott comes after US retailing giant VF Corporation, which owns a string of brands including Timberland, […]

SMCP, the parent company behind French fashion labels Sandro, Maje and Claudie Pierlot posted net income of 20 million euros (22 million dollars) in the first half of 2019 against 27.4 million euros in H1 2018. Excluding one-off costs related to the refinancing, the company said, net income group share […]

Total net sales at Zumiez Inc. for the second quarter ended August 3, 2019 increased 4.3 percent to 228.4 million dollars, while comparable sales increased 3.6 percent compared to 6.3 percent increase for the same period last year. Net income for the quarter was 9 million dollars or 36 cents per diluted […]

Lululemon Athletica Inc., for the second quarter ended August 4, 2019 reported net revenue of 883.4 million dollars, an increase of 22 percent compared to the second quarter of fiscal 2018. On a constant dollar basis, the company said, net revenue increased 23 percent. Total comparable sales increased […]

The Cato Corporation’s sales for the four weeks ended August 31,2019 of 56.7 million dollars, rose 1 percent compared to sales for the four week period ended September 1, 2018, while same-store sales in August were up 3 percent. “August same-store sales exceeded our expectations,” commented John Cato, […]

Lands’ End, Inc. has reported that net revenue for the second quarter decreased 3.1 percent to 298.3 million dollars, reflecting 110 fewer Lands’ End Shops at Sears, which resulted in a net revenue decline from Sears operations of 19.9 million dollars. The company said, excluding the impact from the […]

The Australian arm of Karen Millen has fallen into administration, a month after its British parent company announced an administration filing. Deloitte partners Richard Hughes, Tim Norman and Michael Billingsley have been appointed Joint and Several Administrators. Deloitte Australia is now conducting […]

Boohoo Group plc has announced that trading for the first half of its financial year has been ahead of expectations with strong revenue growth driving operating leverage across key brands. The company’s board now anticipates that results for the current financial year will be ahead of previous guidance, […]

Global sustainability initiative Fashion for Good has launched the Good Fashion Fund, a collaboration between the C&A Foundation, Hong Kong-based The Mills Fabrica and Dutch impact investment and advisory firm Fount. Its aim is to spearhead systemic change in the apparel and footwear supply chain by […]

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