Administrators for budget British fashion retailer Select have launched a company voluntary arrangement (CVA) in a bid to turnaround the struggling womenswear chain. Business advisory firm Quantuma were called in to rescue Genus UK Ltd, which trades as ‘Select’, after it fell into administration in […]

Discount retailer Takko Fashion for its 2018/19 fiscal year reported decline in net sales to 1,092.6 million euros (1,221.8 million dollars). The company said, adjusted EBITDA was also down on last year’s 148.1 million euros (165.6 million dollars), to 128.3 million euros (143.5 million dollars). The […]

Kontoor Brands has confirmed it has completed its separation from VF Corporation, which was first announced last August, as it looks to create a “global lifestyle apparel leader” in denim with its brands, Wrangler, Lee and Rock and Republic. The denim apparel group will now be an independent, publicly […]

Amazon basin countries have manifested their disappointment with a recent decision by the Internet Corporation for Assigned Names and Numbers (ICANN) to grant American retailer Amazon exclusive rights to the .amazon domain name. The presidents of Peru, Ecuador, Colombia and Bolivia published a statement […]

Austrian real estate company Signa Holding GmbH announced on Friday that it has sold the Eastern European business of its furniture chain kika to Austrian online furniture retailer XXXLutz. The Eastern European business operated independently of the Austrian core business, which will profit from the […]

These are hard times for brick and mortar retail. While consumers still like to shop in brick and mortar stores, many retailers have been struggling to stay afloat due to dropping footfall in shopping malls and competition with online retailers. Here’s a recap of the fashion businesses which announced […]

The Buckle, Inc. net income for the fiscal quarter ended May 4, 2019 was 15.1 million dollars or 31 cents per share or 31 cents per share on a diluted basis, while net sales for the quarter decreased 1.7 percent to 201.3 million dollars. The company’s comparable store net sales decreased 1.3 percent. […]

New York-based athletic retailer Foot Locker, Inc., for its first quarter ended May 4, 2019 reported net income of 172 million dollars or 1.52 dollars per share compared to 165 million dollars or 1.38 dollars per share in the corresponding prior-year period. The company said, non-GAAP earnings were […]

For its first quarter, Destination XL Group Inc. said total sales decreased 0.3 percent to 113 million dollars. The company said, decrease of 0.3 million dollars in total sales was primarily due to a comparable sales decrease of 1.2 percent or 1.3 million dollars and a decrease of 1.6 million dollars […]

For the year to March 31, 2019, The Foschini Group (TFG) reported retail group turnover growth of 19.6 percent compared to March 2018 with turnover growth of 8.9 percent for TFG Africa, 31.3 percent for TFG London and 58.3 percent for TFG Australia. Including comparable numbers for Hobbs (TFG London) […]

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