Apparel and footwear prices dropped 7.8 percent year-on-year last month, a further decline from the dip of 6.8 percent in January according to the latest data from the British Retail Consortium - Nielsen Shop Price Index. The BRC added that all categories within the apparel and footwear section reported […]

“Cost savings of 2 billion dollars over the next two years will fuel Target’s growth and drive profitability,” assured the company Tuesday, when it unveiled its plans to turn around the declining figures the retailer has presented in the last quarters. The restructuring will be concentrated at Target’s […]

US stock markets opened lower on Tuesday despite a strong performance by retailers as investors took profits after the Dow Jones Industrial Average and S&P 500 reached new closing record highs the previous session. While the wider market edged lower, retail stocks were on investors’ shopping lists on […]

Forbes magazine has just released its annual list of world’s richest amongst rich. The 29th edition of this account of those known as the wealthiest in the planet has increased to record 1,826 billionaires, adding 290 newcomers. This year, stressed authors of ‘Forbes’ billionaires list, ten-figure fortunes […]

OVS – Italy’s largest fashion retailer – debuted Monday on Milan Stock Exchange, becoming the first fashion initial public offering in the country since that of Moncler in December 2013. First day of trading was not the success anticipated by the company, as many in the trade have highlighted. Over […]

Northzone, one of the financial backers of Spotify, has led a 20 million dollars fundraising for German online fashion retailer Outfittery, joining a number of existing investors. This is the third investment round for Outfittery, which had already attracted a total of 16.7 million euros in funding […]

Spanish textile group Dogi left behind the red after earning a net profit of 14.5 million euros at the end of 2014, compared with a loss of 9.1 million recorded a year earlier. "Efforts to restructure Dogi after the entry of Sherpa in the capital of the company are beginning to bear fruit in terms of […]

Wet Seal’s bankruptcy, as well as its plans to find some sort of viability, is being closely followed by many in the trade, who see the troubled retailer as that which belled the cat for other teen apparel retailers. After filling for voluntary bankruptcy, Wet Seal plans to survive its Chapter 11 case […]

Alexandria Imex has bought the assets of Australian fashion retailer Grace Fashion - parent company to SES Fashions – and taken the collapsed brand to an online second chance: now, the firm sells its low-price women’s fashion through an online store. SES Fashions went into administration on April, 22 […]

British fashion company Roman is dying of success after generating a social media frenzy about the colour of one of its dresses. Indeed, sales of the outfit that fuelled #TheDress debate soared 347 percent Friday. “I can officially confirm the colour is royal blue with black trimming,” said Michelle […]

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