Just a couple of weeks after announcing its relationship with Target is coming to an end, Cherokee Global Brand has gone shopping. The California-based group has acquired Flip Flop Shops, a franchise retail chain that offers the latest styles of flip flops, casual footwear and accessories. In 2014, […]

German group Südwolle Group, leading yarn producer for pure wool and wool blends apparel, has entered into an agreement to acquire a 100 percent stake in Safil S.p.A. as well as an 80 percent stake in Gruppo Tessile Industriale (GTI) S.p.A. German producer has acquired both stakes in the Italian worsted […]

American Apparel filed for bankruptcy, Gap continues to disappoint and now Uniqlo is the latest in a string of casualties caused by the evolving US apparel landscape. Fast Retailing, Uniqlo’s parent company, has big plans to become the largest apparel retailer in the world – and expansion into the US […]

REPORTWolverine Worldwide, for the third quarter ended September 12, 2015 said that adjusted diluted earnings per share were 0.48 dollar, in line with guidance, compared to an adjusted 0.63 dollar per share in the prior year. Reported diluted earnings per share were 0.44 dollar, compared to 0.57 dollar […]

REPORTItalian accessories company Furla reported a revenue rise of 30 percent to 151. 5 million euros (172 million dollars) at average exchange rate, in the six months to June 30, 2015 against the same period last year. Like-for-like sales increased 22 percent and accounted for 65 percent of total revenues. […]

REPORTFootwear chain Office has managed to double its operating profit to 56.9 million pounds (88 million dollars) for the year ended January 25, 2015. The company’s directors - Chief Executive Brian McCluskey, Chief Financial Officer Emily Tate and former CFO Ian Findlay, too bagged 61.3 million pounds […]

French ready-to-wear brand APC has invested in fashionable activewear and lifestyle brand Outdoor Voices. The investment was made during the New York-based company’s latest funding round, in which they managed to secure 7 million dollars to continue pushing forward with its recreational technical apparel. […]

Confidence among UK shoppers has bounced back to a four-year high in the third quarter of 2015, according to professional services firm Deloitte. The business advisory firm’s quarterly Consumer Tracker, which surveys 3,000 UK consumers, shows overall consumer confidence climbed by 2 percent during the […]

REPORTDuring the year to August 31, 2015 the Asos Group delivered total revenue growth of 18 percent, comprising retail sales, delivery receipts and third party revenue. The company said that retail sales grew to 1,119.9 million pounds (1,732.5 million dollars), driven by strong product, delivery proposition […]

REPORTAccording to the preliminary figures, Metro Group increased its like-for-like sales by 1.5 percent in financial year 2014/15. The Düsseldorf-based retail and wholesale company said that the growth indicates that it has achieved its full-year sales target. The company added that reported sales […]

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