Value footwear retailer Shoe Zone saw its shares plunge by more than 30 percent after the company announced the resignation of its chief executive and a stark profit warning on Friday. Shoe Zone, which operates 550 UK stores and has 4,000 employees, saw shares fall as low as 116.6p in early trading […]

US retailer Forever 21 is mulling a bankruptcy. The news was first reported by Bloomberg on Wednesday, which said options for a turnaround are swiftly dwindling. Huge debts, underperforming stores and lacklustre collections have been ailing the troubled fashion chain. Forever 21 currently operates over […]

ANALYSIS New York - Calvin Klien owner, PVH Corp (PVH), delivered better-than-expected second-quarter fiscal 2019 results, wherein both the top and bottom line surpassed analysts’ consensus. As highlighted by Zacks, the company delivered 21st straight quarter of earnings beat. However, quarterly results […]

New York - Spanish fashion group Adolfo Domínguez has closed the first quarter of its fiscal year 2019 (March-May 2019) selling 6.4 percent more. Over this period – the first complete quarter led by Adriana Dominguez as CEO - the fashion retailer has piloted a new design strategy. Comparable global […]

New York – India’s government has just announced its plan to ease foreign direct investment (FDI) norms for the single-brand retail sector as well as to relax the sourcing norms for these entities. The move is expected to allow such companies as H&M, Uniqlo and Puma to expand their footprint in the […]

ANALYSIS New York – Hudson's Bay Company (HBAYF) has announced it has sold Lord & Taylor brand to Le Tote, Inc., a fashion rental subscription service, for 75 million dollars. The deal, originally expected to close at 100 million, signals a new era for the oldest US department store chain. "Since founding […]

Shoe Zone PLC has announced that Nick Davis, the group’s Chief Executive, has decided to resign from his position to pursue other business interests, with immediate effect. The company said, Anthony Smith, Executive Chairman, will resume his role as Chief Executive on a permanent basis. Commenting on […]

In the first half of 2019, consolidated turnover at Van de Velde fell by 2.2 percent to 108.5 million euros (119.8 million dollars) compared with the year before. On a comparable basis, the consolidated turnover dropped by 1.2 percent to 112.8 million euros (124.6 million dollars). The company said […]

Designer Brands Inc. for the three months ended August 3, 2019, reported total revenue increase of 8.2 percent, including 102.9 million dollars in revenue from the Brand Portfolio segment, which includes 17.7 million dollars in intersegment revenue that is eliminated in consolidation. Comparable sales […]

We all know the trademarks of the fast fashion industry, the negative impact it leaves on the environment, the throwaway culture it breeds to satisfy the need for the new, and the waste is causes when unsold clothes end up in landfill. But by-product aside, the fast fashion business model may in fact […]

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