New York - Things continue to get progressively worse for American Apparel. On Wednesday, share of the company dropped 37.4 percent to close at 13 cents. Their market capitalization is now just 23.7 million dollars representing a 14.1 million dollar loss from 37.8 million dollar loss. According to a […]

REPORT Zalando further accelerated its growth momentum in the first half of 2015 by continued focus on customer experience. Group revenues rose by 31.5 percent to 1.38 billion euros (1.53 billion dollars) in the first half of 2015. In the DACH segment, revenue grew by 27.6 percent and in the Rest of […]

REPORT Alibaba Group, for the quarter ended June 30, 2015 reported that GMV transacted on China retail marketplaces was 673 billion Chinese yuan (109 billion dollars), an increase of 34 percent compared to the same quarter of 2014. GMV transacted on Taobao Marketplace in the quarter increased 25 percent […]

The investment society of family Areces Galán, Ceslar Corporation, which includes the shares of the family of Luis Areces and has almost 10 percent of El Corte Inglés, fiercely opposes the entry of the new Qatari partner. In mid-July, El Corte Inglés sealed the entrance of a foreign investor for the […]

Macy’s, Inc. (M) announced Wednesday it has formed a free-standing joint venture with Hong Kong-based Fung Retailing Limited to explore retailing in China, one of the world’s largest and fastest-growing consumer marketplaces. The joint venture, which is 65 percent owned by Macy’s and 35 percent owned […]

South African clothing retailer The Foschini Group (TFG) keeps looking for new areas of growth that help them offset a series of backslashes. Now, the fashion group is planning two chains of stores aimed at children. As announced by Chief Executive Doug Murray in a conference with reporters on Wednesday, […]

Online visual search company, Snap Fashion, has received strategic investment from publisher Time Inc., which owns magazines such as InStyle and Marie Claire. The London-based fashion firm operates a series of apps, in addition to a website, which let users upload photographs of clothing which Snap […]

REPORT The Björn Borg Group’s net sales amounted to 99.2 million Swedish krona (11.4 million dollars) during the second quarter, an increase of 2 percent. Excluding currency effects, net sales fell by 5 percent. The fall/winter collection for the sports apparel product company contributed positively […]

REPORT New Look has announced that its first quarter saw strong trading across the business, with revenue up 4.3 percent to 369.8 million pounds (576 million dollars). Like-for-like sales increased 4.1 percent. UK like-for-like sales were up 4.1 percent and website sales increased 38.7 percent. Sales […]

REPORT Next Brand full price sales for the first half of our financial year were up 3.5 percent, of which 1.7 percent came from the opening of profitable new space. Full price sales for Next Retail were up 0.8 percent and Next Directory was up 7.5 percent. Total sales including markdown sales were up […]

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