REPORTAfter the first nine months of the year, sales at Hugo Boss are up on the previous year, although momentum slowed in the third quarter. Whereas Europe continued to post solid sales increases, Asia and America were both down. As announced in October, the company expects a currency-adjusted increase […]

REPORTL Brands announced estimated October comparable store sales and raised guidance for third quarter earnings. October comparable store sales are expected to be up 5 percent. The numbers include an expected 5 percent comp at Victoria’s Secret Stores, and 5 percent at Bath & Body Works. Total sales […]

Los Angeles - For the year of 2015, it’s been a rocky journey for American Apparel. Apparently, the brand’s battle is still ongoing as the company has confirmed it will be closing 13 stores as well as separating itself from its Oak Brand. Earlier last month, the brand filed for Chapter 11 bankruptcy. […]

The Selfridges Group has acquired historic Dublin department store Arnotts for an undisclosed sum, it was announced on Monday. Selfridges, which already owns Irish lifestyle store Brown Thomas, plans to invest in Arnotts by ‘enhancing the shopping experience’, updating the store environment and introducing […]

As part of its plan to restructure business and exit the bankruptcy it entered in September, surf inspired brand Quiksilver Inc. is asking a bankruptcy court to approve the sale of its Ampla running shoe brand to a pair of former executives for 200,000 dollars. Former executives at the Californian surf […]

REPORTThe department store group Selfridges has reported record profits for year ending January 2015. The company reported gross sales of 1.8 billion euros (1.9 billion dollars), up 4.3 percent and a record 217 million euros (239 million dollars) in operating profit, up 7 million euros (7.7 million […]

Friday morning saw French flash-sales site Showroomprive.com raise 256 million euros in its initial public offering, after shares sold at the bottom end of the preset price range. Showroomprive.com goal for its IPO was to raise at least 50 million euros to fund its overseas expansion and global growth, […]

Citi analysts are optimistic about the future of Inditex as advance a growth potential for the titles of the textile giant of about 20 percent. Consequently, the US bank has revised up its price target on the value. The investment bank explains that the growth of the Inditex multi-channel business has […]

The quintessentially British luxury department store has cut substantially its dividend payment to its Qatari owners after a drop in turnover. As explained in a statement, Harrods has reduced its dividend payment by more than 30 percent this year after a fall in turnover caused by “tough trading conditions”. […]

Best known for its deeply discounted designer label products and home furnishing, which sell at 20 percent to 60 percent under the recommended retail price, TK Maxx has managed to maintain consumer appeal over the years, which has allowed its parent company TJX Companies to hold a strong position within […]

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