London - Kit and Ace, the apparel brand launched by the wife and son of Lululemon Athletica founder Chip Wilson, has let go of 10 percent of head office staff. The start-up company stated it axed 35 roles at its headquarters in Vancouver, Canada last Thursday, as the company slows down its expansion […]

REPORTWolverine Worldwide reported revenue of 751.2 million dollars for the fourth quarter, which the company said was in line with the guidance. Underlying revenue declined 2.9 percent versus the prior year and on a reported basis, revenue declined 7.1 percent versus the prior year. For the full year, […]

REPORTTom Tailor Group has said that according to preliminary figures, increased its net sales by 2.5 percent in the year under review to 955.9 million euros (1,055 million dollars) against 932.1 million euros (1,028.7 million dollars) in the previous year. The company said results exceeded the concretized […]

British lifestyle brand Joules has named a team of advisers ahead of its impending stock market float. The fashion retailer, best known for its colorful prints and wellingtons, has appointed stockbrokers Peel Hunt and Liberum to handle its initial public offering set to take place in April or May, reported […]

REPORTSales at Primark, a part of Associated British Foods, are expected to be 7.5 percent ahead of last year at constant currency, driven by increased retail selling space, and 4 percent ahead at actual exchange rates. The company said that following a strong performance at the start of the financial […]

REPORTVF Corporation said that its revenue was down 5 percent or 1 percent currency neutral in the fourth quarter. Excluding the impact of changes in foreign currency and the 53rd week, fourth quarter revenue increased 3 percent. “The final quarter of 2015 challenged many companies to leverage core […]

ANALYSISItalian fashion house Gucci is back on trend, both in fashion and in finance. The brand has not only returned to the growth path but also lifted its parent group’s, Kering, total results for fiscal year 2015. Kering highlighted that revenue in the fourth quarter jumped 16 percent, mostly driven […]

ANALYSISDirect shares closed the week abruptly, as the stock took quite a dive following broker Jefferies slashed its price target on the stock to 550 pence from 800 pence. Jefferies went further, calling on founder Mike Ashley to take the company private. “We believe the shares currently price in an […]

Richemont, the world's second-biggest luxury goods group, is planning to cut up to 350 jobs in Switzerland this year amid a "difficult" watch market, a Swiss newspaper reported Saturday. Richemont, second only to France's LVMH in the luxury world, is "studying an adjustment of the production capacities […]

While retail sales in winter tend to be slow, the Valentine's Day period often proves to be a time of positive uptick for companies sales. Luxury lingerie brand Triumph happens to be one of those companies that sees a spike in sales during this holiday period. The brand, which dates their history back […]

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