REPORT Ralph Lauren Corporation reported net income of 95 million dollars, or 1.09 dollar per diluted share, for the first quarter of fiscal 2016, which excludes restructuring and non-cash charges associated with its global brand reorganization. This compared to net income of 162 million dollars, or […]

REPORT Kate Spade & Company’s net sales for the second quarter of 2015, excluding sales for wind-down operations, were 273 million dollars, an increase of 46 million dollars, or 20.1 percent compared to the second quarter of 2014. Reported net sales for the quarter were 281 million dollars, an increase […]

New York - Rome wasn't built in a day, and it takes more than a season for a fashion company to turnaround their sluggish sales figures. Coach, which has seen a 12 percent decline in revenue, is still at work to try and elevate their brand, revamp their stores, and bring their sales numbers back up. […]

REPORT Safilo Group net sales for the first six months of 2015 grew by 11.3 percent on a reported basis and by 1 percent at constant currencies, with the business recording an improvement in the second quarter, up 12 percent or 1.2 percent at constant currencies. The main growth contributors were Western […]

EXCLUSIVE Chinese Canudilo group became the new owner of Belgian fashion brand Dirk Bikkembergs with the acquisition of a 51 percent stake last month. In an exclusive interview with FashionUnited Russia, Maurizio Pizzuti, President and CEO of ZeisExcelsa - owner of Dirk Bikkembergs since 2011 - talks […]

Mastercard has agreed to pay Tesco 61 million dollars to settle a multi-billion dollar lawsuit over credit card interchange fees. Tesco launched the legal action against MasterCard in 2014 to recover alleged “historic overpayment of anti-competitive interchange fees”. The supermarket is just one of […]

REPORT July 2015 same-store sales decreased by 1.5 percent year on year at Uniqlo Japan, a part of Fast Retailing Group. Sales at its directly-run stores decreased by 1.4 percent and total sales including online sales decreased by 1.2 percent. Same-store sales fell year on year in July, with sales of […]

REPORT Hugo Boss witnessed a faster in the second quarter of 2015 than in the first three months of the year supported for growth in all regions. The management has reconfirmed its sales and profit targets for the full year. The Group's currency-adjusted sales rose by 7 percent in the second quarter. […]

New York - Alexander Wang may have just left Balenciaga, but the young and gifted designer still has his very successful namesake label to nurture and grow. According to several market sources, Wang may have found an investment partner to help him grow his increasingly popular luxury label that has […]

The Italian footwear brand reported a sales growth of 6.7 percent during the first half of 2015. Of the 426.9 million euros noted in consolidated sales, footwear meant a 91 percent or 390.4 million euros. "We have presented a significant growth in this half year - said Mario Moretti Polegato, shareholder, […]

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