Struggling French retailer Vivarte has announced a round of massive layoffs at various chains. The cuts will include 1,344 jobs at La Halle, 105 at Andre, and 32 at Kookai. Out of the 608 stores they own, 197 stores will shutter their doors, including 23 that were transferred to other banners of the […]

US parcel delivery firm FedEx is it to buy its Dutch rival TNT Express for 4.4 billion euros, as the courier company looks to expand its European operations. In a joint statement, the companies said both management boards had reached a "conditional agreement", adding that FedEx has offered shareholders […]

Sequential Brands Group, Inc. (Nasdaq:SQBG) announced Wednesday that it has closed the acquisition of the Jessica Simpson brand. The Company has acquired a majority interest in the brand, including the Jessica Simpson Collection master license and other rights. "Jessica Simpson is an entertainment and […]

HanesBrands announced Wednesday that it has completed the acquisition of sports apparel maker Knights Apparel. The deal was first reported in February and closed this Monday, according to the company. "We’d like to welcome Knights Apparel to the Hanes team,” said Richard Noll, Hanesbrands' Chairman […]

British online fashion retailer Missguided has seen spectacular growth in sales over the twelve months to March, 2015. “We are thrilled yet again to be celebrating record revenue for the year end. Our huge growth over the past six years indicates that our strategy, rooted in speed, agility and value […]

REPORT Zumiez has reported that its total net sales for the five-week period ended April 4, 2015 increased 11.1 percent to 70.7 million dollars, compared to 63.6 million dollars for the five-week period ended April 5, 2014. The company's comparable sales increased 5.5 percent for the five-week period […]

In the surprising depature of Marigay Mckee from Saks Fifth Avenue, there is no question that the lady seems to have left her mark. Hudson's Bay Company (HBC) posted a much better-than-expected Q4 with profits tripling. Whatever Mckee's secret formula was the proof is in the pudding, because Saks seems […]

In order to make some proceeds that will go to repairing the retailer’s debt, the administrators of Bank Fashion are selling off intellectual property assets including its social media following and its domain name. The sale is being conducted by IP specialists Metis Partners, under instruction from […]

Shares at G-III Apparel Group, Ltd. (nasdaqgs:GIII) rose by 2 percent in the past week and 7.82 percent for the last 4 weeks, having had outperformed the S&P 500 by 1.7 percent in the past week. That outperformance increases to 8.05 percent for the last 4 weeks. On another note, the company announced […]

As part of a manufacturing boom, Ethiopia, dubbed by some as "Africa's Bangladesh", is set to give its textile and garment sector a major boost, planning to increase its export capacity from 21.8 million birr (1.06 million US dollars) in 2009/10 to 100 million birr (4.89 million US dollars) by 2014/15. […]

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