Workers in Bangladesh's ready-made garment industry can now avail of a new telephone helpline – 0800 44 55 000 – that has been launched with the support of the International Labour Organisation (ILO) and the Norwegian government. Run by the Department of Inspection for Factories and Establishments (DIFE), […]

UPDATE Philadelphia-based capital firm Versa Capital Management has been the winning tender in a close bidding race to acquire teen clothing retailer Wet Seal, which filed for Chapter 11 bankruptcy two months ago. “We believe our agreement with Versa provides the best possible outcome for our creditors, […]

REPORT French Connection, announcing its preliminary results for the year ended January 31, 2015 said that it witnessed improvement in financial performance with reduced underlying operating loss of 0.8 million pounds (1.1 million dollars), in line with market expectations, driven by strong performance […]

REPORT Total retail sales for fourth quarter at J Sainsbury were down 0.3 percent. Like-for-like retail sales for the quarter were down 1.9 percent. During the quarter, general merchandise and clothing businesses performed strongly, up more than six percent on last year. Commenting on the fourth quarter […]

National minimum wage will increase by 20 pence an hour to 6 pounds 70 pence from October, the largest real-terms increase in the National Minimum Wage since 2008. The announcement means a 3 percent increase for adults, benefiting more than 1.4 million workers across the UK, while minimum pay for 18 […]

Germany and the UK are the most sought after retail destinations in the world, followed by France and China. This is what the sixth edition of Los Angeles-based real estate services company CBRE's annual report "How Active are Retailers Globally?" found. According to the report, a solid network of brick-and-mortar […]

REPORT The combined net sales in 2014 at Restoque were 1,557 million Brazilian real (478.6 million dollars), an increase of 3.9 percent against 2013. The increase in sales resulted mainly from the performance of the wholesale channel, which increased by 2.1 percent. During the fourth quarter, the combined […]

REPORT In the 2014 financial year, the Calida Group reported strong, acquisition-driven growth. Net sales doubled 99.8 percent during the year under review to 412.4 million Swiss franc (40.9 million dollars) and net income increased to 23.6 million Swiss franc (2.3 million dollars). The equity ratio […]

Swiss fashion house Bally has confirmed that it has fully integrated Italian luxury atelier Zagliani into its business, securing exclusive use of the Milan-based atelier and its 30 artisans. As a result of the integration, Zagliani, which is renowned for its technical expertise in handcrafting luxurious […]

REPORT Gerry Weber International managed to increase its sales revenues by 1.1 percent to 192.4 million euros (202.7 million dollars) in the first quarter of 2014-15. The company’s own retail segment was the main growth driver and recorded an 8.5 percent increase in revenues to 106 million euros (111.6 […]

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