The online fashion flash sales retailer has reportedly secured new investment valued at circa 50 million dollars. Gilt has confirmed this round of financing, led by current investor General Atlantic, with participation from other Gilt investors and a new strategic partner. As published by ‘Re/Code’, […]

Snapdeal, one of India’s largest e-commerce sites, announced Wednesday it has purchased Indian high-end fashion e-commerce site Exclusively.com. Snapdeal is now ready to aim for its 2 billion dollars fashion sales target. As further explained by both parties, and despite the acquisition, Exclusively […]

ANALYSIS Shares of Fossil Group Inc. dropped more than 13 percent in Wednesday premarket trading as the company's fourth-quarter results and outlook disappointed investors. The quarterly profit fell 10 cents short per share of that estimated by analysts. Late Tuesday, the watch and accessories company […]

European stocks dropped sharply on Tuesday, weighed by growing concerns over Greece as talks with its euro zone partners broke down on Monday after Athens rejected a proposal to extend its bailout, reported ‘NASDAQ’. It is worth to remember that markets in the Old Continent were nervous as Greece's […]

Coach Board of Directors has declared a quarterly cash dividend of 0.3375 dollars per common share. The dividend would be paid on March 30, 2015 to shareholders of record as of the close of business on March 6, 2015. Coach, established in New York in 1941, is a design house of modern luxury accessories […]

As the majority of fashion companies export their goods, the costs, sales and profitability of their brand can suffer when there is a high fluctuation in currencies. Devaluation of the rouble at the end of 2014, for example, saw companies like Zara, Adidas, New Look and River Island all close stores […]

REPORT Consolidated revenue from continuing operations at the Kering Group amounted 10,038 million euros (11,445 million dollars) in 2014, up 4 percent as reported and 4.5 percent based on a comparable scope and exchange rates. Revenue generated outside the eurozone accounted for 79 percent of sales […]

REPORT Perry Ellis International, based on its preliminary results for the fourth quarter and full year said that fiscal 2015 revenue is expected to approximate 890 million dollars, as compared to 912 million dollars in fiscal 2014. Adjusted diluted (EPS) are expected in the range of 0.50 dollar to […]

Board of Directors of DSW approved a quarterly dividend of 0.20 dollars per share, an increase of 6.7 percent from the 0.1875 dollars per share announced last quarter. The dividend is payable March 31, 2015 to shareholders of record at the close of business on March 20, 2015. The company will conduct […]

REPORT Wolverine Worldwide, for the fiscal year ended January 3, 2015 reported consolidated revenue of 2.76 billion dollars, representing growth of 2.6 percent versus prior year revenue of 2.69 billion dollars. High single-digit growth from the Heritage Group and mid-single-digit growth from the Performance […]

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