London - Japanese e-commerce giant Rakuten has acquired a 100 percent stake in virtual fit technology company Fits.me, for an undisclosed sum, as it looks to “strengthen its e-commerce offerings and marketing solutions” by providing “greater personalisation of the retail experience for shoppers”. Fit.me, […]

REPORT Secretsales.com, the UK’s largest flash sales business for fashion, accessories, footwear and lifestyle products, for the year ended December 31, 2014 said that the revenue increased 39 percent to 25.2 million pounds (39.2 million dollars). Registered members during the year increased by 22 percent, […]

REPORT Gap, for the five-week period ended July 4, 2015 reported net sale of 1.54 billion dollars or flat compared with last year. On a constant currency basis, net sales increased 2 percent. “As previously announced, we’re taking significant actions to help improve Gap brand’s performance,” said Sabrina […]

REPORT L Brands net sales increased 3 percent to 1.207 billion dollars for the five weeks ended July 4, 2015, compared to net sales of 1.176 billion dollars for the five weeks ended July 5, 2014. Comparable store sales increased 3 percent for the period under review. The company reported net sales of […]

REPORT The Fast Retailing Group generated gains in both revenue and profit in the nine months from September 2014 to May 2015. Revenue expanded 23.9 percent year on year and operating profit increased 35.5 percent. All three business segments reported increases in both revenue and profit, with Uniqlo […]

REPORT SuperGroup, owner of the Superdry brand, along with its results for full year for 2015, also provided a trading update for the first 10 weeks of the current financial year and a joint venture with Trendy International Group to access the Chinese market. Group revenue for the year rose by 12.9 […]

REPORT Associated British Foods in its trading update for the 40 weeks to June 20, 2015 said that group revenue was 2 percent ahead of the same period last year at constant currency, and was level at actual exchange rates. Sales at Primark were 13 percent ahead of last year at constant currency, driven […]

REPORT Zumiez total net sales for the five-week period ended July 4, 2015 increased 2.6 percent to 67 million dollars, compared to 65.3 million dollars, same month, last year. The company's comparable sales decreased 3.3 percent for the period under review compared to a comparable sales increase of […]

Good news for Pepe Jeans: the fashion firm property of Lebanese group M1 just closed a syndicated loan of 300 million euros with fifteen banks. Moreover, Alba Corporation hitherto reference investor, has completed its exit from the retailer. As highlighted by 'Expansion', the operation managed by BBVA, […]

Not for being expected the decline has been any less disappointing for Marks & Spencer’s shareholders. “Challenging” conditions dragged the British retailer’s general merchandise sales – which include clothes – by 0.4 percent over the first quarter. Nevertheless, the decline was better than that of […]

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