After a bad week at Wall Street, analysts at Merrill Lynch are encouraging their clients to buy stock of Nike and Under Armour. As highlighted by investment bank, Nike shares have been up by 25 percent over the year to date. Nike Inc. (NYSE: NKE) posted solid fiscal fourth-quarter earnings in June, […]

British fashion online platform BrandAlley has received a several millions of pounds investment from Chinese apparel group Vipshop. The latter is reported to have acquired a minority stake with a view to allowing for British labels to enter China through online sales. As reported by ‘Drapers’, BrandAlley […]

According to a research just released by MasterCard Inc., China will see double-digit annual growth in credit card transaction volumes, mainly due to the booming e-commerce industry in the world's second-largest economy. China's plan to open up its domestic transactions market to foreign companies such […]

ANALYSIS Michael Kors Holdings Ltd., Kate Spade & Co. and Coach Inc. all topped analysts’ earnings estimates for the past quarter after all of them cut costs and reduced discounts to boost ailing sales. However, a shadow pends on all of them as many wonder whether this once rapidly growing niche is […]

REPORTDillard's reported net income for the 13 weeks ended October 31, 2015 of 45.7 million dollars, or 1.19 dollars per share, compared to net income of 55.2 million dollars, or 1.30 dollars per share, for the prior year third quarter. Net sales were 1.435 billion dollars and 1.460 billion dollars […]

Irish luxury goods retailer Avoca is to be sold to US multinational caterer Aramark for 60 million euros, subject to the approval of Ireland’s Competition and Consumer Protection Commission. Avoca, which is known for its luxury fashion as well as its chain of cafes, has 11 outlets across Ireland and […]

REPORTThe H&M group’s sales including VAT increased by 12 percent in local currencies in October 2015 compared to the same month last year. The total number of stores amounted to 3,807 on October 31, 2015 compared to 3,437, same month, last year. H & M, founded in Sweden in 1947 along with H&M brand, […]

London - The newly formed company Yoox Net-a-Porter Group is set to wind down its multi-branded platforms Shoescribe.com and TheCorner.com by end of the Spring/Summer 2016 season and migrate its customer base to its other online stores. Thanks to a severe overlap in both brands and customers, the Milan-based […]

Department store chain J.C. Penney Co. Inc. (JCP) on Friday reported a loss for the third quarter that narrowed from last year, driven by higher sales and improved margins. Adjusted loss per share for the quarter was narrower than analysts' expectations and revenues beat their estimates. J.C. Penney's […]

US watchmaking group Fossil is acquiring the wearable tech firm Misfit for 260 million dollars as it ramps up efforts for connected watches and other gadgets. The deal announced late Thursday gives Fossil, which sells in some 150 countries, a tech platform created by former Microsoft researcher Sonny […]

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