REPORT Pentland Group results for the year ended December 31, 2014 reflected the continued international development of Pentland’s portfolio of brands in sports, outdoor and fashion, and another strong performance from the core fascias of JD Sports Fashion, in which Pentland Group is the majority shareholder. […]

ANALYSISEver strong dollar is making things expensive for H&M, as the Swedish retailer warned earlier this week it expects the strong American currency to translate into rising sourcing costs throughout the year after it hurt second-quarter profits. The world's second-biggest fashion retailer, said […]

REPORT For its fourth quarter ended May 31, 2015, Nike reported diluted earnings per share increased 26 percent and fiscal 2015 diluted earnings per share rose 25 percent to 3.70 dollars, reflecting 10 percent revenue growth. Group revenues rose 5 percent to 7.8 billion dollars, up 13 percent on a currency-neutral […]

Womenswear retailer East, has been saved in pre-pack administration deal. The clothing retailer has been bought by East Lifestyle Limited via a pre-pack administration deal, saving 550 jobs across 82 stores. On the downside, the chain will shut down 19 stores across the UK and consequently axing 155 […]

French investment fund LBO has got the green lights to move on with the acquisition of fashion brand IKKS. The European Court of Competence approved the transaction on June 17. The European Commission said on June 17 that it had given the green light to the acquisition of ready-to-wear fashion group […]

According to World Bank estimates, Nigeria's textile and garment industry loses billions of US dollars in garments and textiles each year because of cheap imports that are smuggled into the country. Local production has dropped to a mere 40 million US dollars annually. The cheap imports, particularly […]

Debenhams, in its trading update for the 15 weeks and the 41 weeks to June 13, 2015, said that in the 15 week period, group gross transaction value rose by 0.4 percent, taking the cumulative year-on-year performance to growth of 1.7 percent. Online sales delivered continuing positive momentum during […]

REPORT For the first half-year period from December 1, 2014 to May 31, 2015, well-received collections for all brands in the H&M group resulted in good sales and increased market share. The H&M group’s sales excluding VAT increased by 23 percent to 86,143 million Swedish Krona (10,462 million dollars) […]

New York - Yesterday, the announcement that Castanea Partners purchased a minority stake in Proenza Schouler swept the entire fashion industry. On the heels of that announcement comes the potential business plan for the increasingly prominent women's luxury wear brand. Ron Frasch, the former chief merchant […]

Sourcing giant Li & Fung has formed a joint venture with two of China’s largest retail groups Bailian Group and Wangfujing Department Store Group as it looks to transform China’s retail industry through “enhancing supply chain efficiency”. The strategic partnership, created in Shanghai’s free trade […]

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