The Cato Corporation reported sales of 57.5 million dollars for the four weeks ended August 3, 2019, up 1 percent, while same-store sales for the period increased 4 percent compared to the four weeks ended August 4, 2018. "Sales were above our expectations," commented John Cato, the company’s Chairman, […]

In the second quarter, currency-neutral revenues at Adidas Ag grew 4 percent, while revenues at brand Adidas were up 4 percent, driven by a high-single-digit increase in Sport Inspired. In euro terms, the company’s revenues grew 5 percent to 5.509 billion euros (6.18 billion dollars). Adidas said, net […]

Italian firm Tod’s S.p.A., for its first half of 2019, reported consolidated sales were 454.6 million euros (509.5 million dollars), down 4.7 percent from H1 2018. At constant exchange rates, the company said, sales would have been 449.8 million euros (504.2 million dollars). The company added that […]

ANALYSIS New York –British online fashion retailer Boohoo plc. announced earlier this week it had made an offer to buy “the online business of renowned British brands Karen Millen and Coast, together with all associated intellectual property rights.” Boohoo has bought the online business and all associated […]

New York – The South African apparel retailer Truworths International Ltd has issued a reviewed earnings forecast, lowering its core earnings. The fashion group took a 97 million pound impairment charge related to its Office shoe chain in Britain, as explained in a corporate announcement echoed by Reuters. […]

Capri Holdings Limited’s total revenue of 1.346 billion dollars increased 11.9 percent in the first quarter compared to last year, while on a constant currency basis, total revenue increased 13.8 percent. The company said, net income was 45 million dollars or 30 cents per diluted share compared to 186 […]

Wolverine World Wide, Inc. for its second quarter ended June 29, 2019 said reported revenue of 568.6 million dollars increased 0.3 percent as compared to the prior year and adjusting for currency, increased 1.1 percent. The company added that reported diluted earnings per share were 45 cents, compared […]

Nike has acquired Boston-based predictive analytics firm Celect in a move that aims to help the US sportswear giant better understand what its customers are really looking for. The tech-driven acquisition is the latest to fuel Nike’s Consumer Direct Offense strategy, which it revealed back in 2017. […]

The Lenzing Group increased revenue by 1.2 percent in the first half of 2019 to 1.09 billion euros (1.22 billion dollars). The company said, share of specialty fibers in revenue, at 48.4 percent, significantly exceeded the prior-year value of 44.1 percent. Net profit for the period decreased by 15.9 […]

Klarna, payment provider and bank, popular for its 'buy now, pay later’ services, has raised 460 million US dollars in an equity funding round to become Europe’s largest private fintech firm, valued at 5.5 billion US dollars. The Swedish finance company, which works with 130,000 merchants globally including […]

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