ANALYSISInditex has distanced itself from other giants of the fashion world by benefiting from currency exchanges. Thus, while luxury heavyweights like LVMH or Chanel were negatively affected by exchange rate fluctuations, the owner of Zara has received an additional boost from the euro’s depreciation. […]

After months of declining sales, J.Crew leadership has decided to face the ugly and make some tough decisions. The preppy hipster brand will eliminate 175 jobs, look into alternative funding and pass the creative reigns of the namesake’s brand to former head of design at Madewell. Wednesday J. Crew […]

REPORT The footwear major Clarks has said that its sales and profits witnessed a sharp decline owing to discounting strategies and issues with its American business. While its annual sales declined 3.2percent to 1.49 billion pounds (2.29 billion dollars) in the last year, lower pension and interest […]

REPORT Boohoo.com, for the three months ended May 31, 2015 reported revenue rise of 35 percent, with gross margin of 60.6 percent. The company claims to have 3.3million active customers, an increase of 32 percent on prior year. It also reported continued strong performance in the rest of the world, […]

REPORT Continuing with its global expansion strategy, Inditex reported that its first quarter net sales reached 4.4 billion euros (4.9 billion dollars), 17 percent higher than in the first quarter, last year. Store and online sales in local currencies increased by 13 percent. The company’s gross profit […]

Tuesday witnessed a high deal of insider selling within the apparel industry, with the likes of Abercrombie & Fitch, Chico’s FAS and Nike making it to the news due to the high volume of shares changing (insider) hands. According to a SEC Form-4 filing, the president of Hollister brand and executive […]

REPORT Net revenues, at Quicksilver were 333 million dollars compared with 397 million dollars in the second quarter of 2015. Net revenues were down 2 percent, or 5 million dollars, on a constant currency continuing category basis. Net revenues in Americas, as reported, were 160 million dollars compared […]

ANALYSISShares soared more than 9.5 percent mid-Tuesday to 67.42 dollars apiece after Lululemon posted a better-than-expected 10 percent rise in first-quarter revenue. For the quarter ended May, 3, Lululemon earned 34 cents a share on revenue of 423.5 million dollars, beating the 33 cent a share and […]

Venture capital firm IvyCap has invested circa 5 million dollars in the Indian online lingerie retailer Clovia, earlier known as Cloe. The final amount of Series A funding remains undisclosed. Clovia explains that it intends to utilise the funds to strongly increase its footprint globally, innovating […]

REPORT Lululemon Athletica, for the first quarter ended May 3, 2015 reported net revenue rise of 10 percent to 423.5 million dollars from 384.6 million dollars in the first quarter of fiscal 2014. Total comparable sales, which includes comparable store sales and direct to consumer, increased by 6 percent […]

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