ANALYSIS American Apparel seems to be feeling quite optimistic as the troubled fashion retailer, which filed for Chapter 11 bankruptcy protection barely a week ago, now says it would become profitable in 2018. The Los Angeles-based company predicts that its reorganisation plan will help turn its fortunes […]

If there was any doubt that Nike is the world's leading sporting goods provider, its new revenue targets will surely attest to its prowess for growth. The Oregon-based business has set itself an ambitious goal, targeting 50 billion dollars in revenue by the end of the 2020 financial year. Nike is built […]

French contemporary brands Sandro, Maje and Claudie Pierlot, from the French fashion group SMCP, is looking to be floated on the stockmarket next year or perhaps even sold, according to Reuters. The group’s controlling shareholder, private equity firm KKR, is understood to have valued the portfolio […]

When did the general public fall out of love with Marks & Spencer? Once known for both its outstanding fashion and food offering, the British department store once prestigious image seems to losing its shine. For years now, UK’s beloved high street department store group has been working against the […]

REPORTHugo Boss has said that its sales development was marked by high levels of volatility in the third quarter of 2015 from July to September. While performance in Europe remained strong, momentum in Asia and the Americas deteriorated considerably towards the end of the period. The company has blamed […]

New York - Christopher Bailey, CEO of British luxury label Burberry, will be receiving a pay cut along with several other employees at the company. The news regarding the pay cuts comes after it was forecasted that Burberry would see a second year decline in sales due to weakness in Asia. Bonuses and […]

A statement released by Macintosh has confirmed that it has received second round offers to purchase its Fashion UK activities including Brantano and Jones Bootmaker. However, the company maintains that since these offers are at the low end of the originally expected range, it is currently in the process […]

REPORTThe H&M group’s sales including VAT increased by 11 percent in local currencies in September 2015 compared to the same month last year. The company operated 3,733 stores on September 30, 2015 compared to 3,338 on September 30, 2014. The group has expansion plans in store with approximately 400 […]

REPORTIn the first half, Burberry generated revenue of 1,105 million pounds (1,710 million dollars), including 2 percent underlying growth in retail revenue. In the second quarter, the company said that the demand from luxury consumers, particularly Chinese customers, was affected by a more challenging […]

REPORTZalando has said that it grew group revenues in the third quarter of 2015 to 707 euros-717 million euros (811-823.3 million dollars) or by 41-43 percent, according to preliminary figures. In the first nine months of 2015 Zalando achieved revenue growth of around 35 percent. Commenting on the update, […]

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