The government has stepped up once more and named & shamed 48 additional firms, which include the likes of French Connection and Footlocker, for failing to pay all members of staff the National Minimum wage, which currently stands at 6.50 pounds per hour for 21 year olds and over. The news comes not […]

REPORT Revenues at Hermes totaled 4,119 million euros (4,493.7 million dollars), up 10 percent and 11 percent at constant exchange rates. Operating income was 1,299 million euros (1,417 million dollars), up 7 percent. Net profitability amounted to 21 percent of sales, as in 2013. The strong growth in […]

The Italian Calzedonia Group achieved a turnover of 1.85 billion euros in 2014, this is a 11 percent more than in 2013. Exports account for 50 percent of total sales. The founder of Calzedonia Group, Sandro Veronesi, said that he expects the percentage of international sales to go up to 60 percent of […]

Ross Stores Inc. announced on Tuesday a two-for-one split of its common stock. The split will be paid in the form of a stock dividend on June 11 to shareholders of record on April 22. The discount apparel retailer nods thus to its smaller investors by the time it capitalizes on positive sentiment. "Our […]

Turkish company Eroglu Holding reportedly paid a total of 21 million euros for the restarted Dutch fashion label Mexx, a fraction of the price paid for the label when its founder Rattan Chadha first sold it off to American firm Liz Claiborne for 430 million dollars. The Turkish textile and retail company […]

ANALYSISIn a pioneer attempt to regain control on its pricing worldwide and better handling the demand for its timeless bags, Chanel has announced that the prices will go up in Europe, and down in Asia. As advanced the Paris-based fashion powerhouse, these changes in price will affect the 11.12, the […]

REPORT Sales revenues in the first quarter of 2014/15 declined by 7 percent at Ahlers. The company has attributed the decline to delayed and reduced deliveries to Russia and Ukraine and early deliveries in the previous year. The drop in sales revenues led to a 29 percent reduction in consolidated net […]

REPORT Hennes & Mauritz (H&M) in the first quarter from December 1, 2014 to February 28, 2015 reported rise in sales including VAT in local currencies by 15 percent. Converted into SEK, sales excluding VAT amounted to 40, 276 million Swedish krona (4,724.7 million dollars), an increase of 25 percent. […]

Sri Lankan textile and garment exports increased in 2014 by 9.4 percent, reaching a volume of 4.929 billion US dollars, compared to 4.508 billion US dollars in 2013. This is according to recent data released from the Economics Research Department of the Central Bank of Sri Lanka. The textile and garment […]

REPORT Swiss fashion retailer, Charles Vögele made further progress last year in its turnaround amid challenging market environment. Following a good performance in the first half of 2014, during which the company managed to end the negative sales trend, the markets turned in September and declined […]

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