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, […]

Uniqlo owner, Fast Retailing Co Ltd, and the operator of 7-Eleven convenience stores are planning to enter into a partnership to turn 7-Eleven stores in Japan into pick-up spots for online purchases of Uniqlo clothing. A person familiar with the matter quoted by Reuters pointed out that this joint venture […]

‘Service charge’ to over 2.7 million customers has turned into an extra source of income for high street champion chain Next. The British fashion retailer has pocketed almost 170 million pounds in interest charges from shoppers. According to data collated by the ‘Guardian’, latest financial results […]

London-based designer independent Wolf & Badger has acquired online accessories marketplace Boticca for an undisclosed sum. Bottica.com will become part of the Wolf & Badger brand and platform with immediate effect, as the retailer looks to create a “world-class omni-channel retailer for independent […]

Los Angeles - Polyvore has become increasingly popular as an online e-commerce retail destination. Recently, Yahoo announced that it would be acquiring the favorable e-tailer. Polyvore is an engaging shoppable website that encompasses a community of makers, retailers, and buyers. Yahoo decided to acquire […]

REPORT Gildan reported net earnings of 99.4 million dollars or 0.41 dollars per share on a diluted basis for the three months ended July 5, 2015, compared with net earnings of 116 million dollars or 0.47 dollars per share on a diluted basis for the three months ended July 6, 2014. Consolidated net sales […]

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