British department store group Marks & Spencer has reduced its calculation for its online sales over the past four years, as the former results had not taken into account 500 million pounds worth of goods which had been returned in store. New figures released by the group show that M&S sold 649 million […]

ANALYSISPrada has woke up to a tough reality: the luxury fashion retailer has noted a 44 percent drop in earnings over the first quarter of FY15. Consequently, the company’s shares dived to a 3-year record low, prompting several analysts’ price target cuts. All at once, investors and analysts withdrew […]

Achica is allegedly trying to lure in new investors. Established five years ago by one of the founders of Asos, the online fashion retailer would have commissioned Jefferies with the search of a new financial partner. Sky News reported that Achica is working with bankers at Jefferies on its search for […]

Macellum Advisors GP LLC said earlier this month it intends to vote against each director of retailer Christopher & Banks Corp. (CBK) at the company's upcoming shareholder meeting. The owners of a little bit over 5 percent of the fashion retailer feels disappointed, betrayed even, by the company’s leadership. […]

Happy ending – money wise – for Michael Kors investors and management. The fashion retailer has paid a record salary for Michael Kors, honorary president and creative director of the eponymous brand and John Idol, president and CEO of the brand. According to ‘WWD’, both executives have received a combined […]

REPORT In its trading statement for the first quarter, N Brown said that the group revenues increased over 2.5 percent and like-for-like sales, over 1.5 percent. Product revenues were up 4.3 percent and gross margin and operating costs, broadly in line with expectations. Power brands continued to outperform […]

ANALYSISJD Sports said it has made a “strong start” in the first 19 weeks of its current fiscal year despite tough comparatives with last year. However, the fashion group warned how negatively weak euro will affect its figures. In a trading update ahead of its annual general meeting Wednesday, the apparel […]

The jewellery, fashion and accessories Spanish retailer has signed an exclusive agreement with the Swiss fund Partners Group for the sale of a quarter of its capital at about 150 million euros. 'La Vanguardia' anticipates that the operation coordinated by Morgan Stanley will close later this month, […]

Two leading property industry trade bodies, the British Property Federation (BPF) and British Council of Shopping Centres (BCSC) are following in the footsteps of the Confederation of British Industry and urging the government to significantly overhaul the current business rates system. In a joint statement, […]

London - Hudson’s Bay, the owner of US retailer Saks Fifth Avenue, is buying Germany’s biggest department store chain, Galeria Kaufhof for 2.82 billion euros including certain liabilities, according to a statement from Metro, the current owner of Kaufhof. Toronto-based Hudson’s Bay, which operates its […]

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