Businesses in the UK used 1.8 million zero hours contracts at the height of last summer, according to official figures from The Labour Force Survey, released by the Office for National Statistics (ONS). The survey showed that 1.8 million contracts that do not guarantee work were being utilised by UK […]

REPORT Consolidated net revenues in 2014, at the Yoox Group of 524.3 million euros (595.9 million dollars), up 15.1 percent and over 17.7 percent at constant exchange rates from 455.6 million euros (517.5 million dollars) at December 31, 2013. A positive performance was achieved in the fourth quarter […]

REPORT Guinness Peat Group in its preliminary financial results for the year ended December 31, 2014, incorporating the 2014 preliminary results for Coats said that the company’s revenue of 1,686 million dollars increased 1 percent on a like-for-like basis, with industrial up 5 percent. Guinness Peat […]

REPORT Billabong International for half-year ending December 31, 2014 said that the group returned to profitability with net profit after tax of 25.7 million Australian dollars (20.1 million dollars), compared to a loss of 126.3 million Australian dollars (99 million dollars) for the previous corresponding […]

Boot Barn Holdings (NYSE: BOOT) announced earlier this week that J.P. Morgan Securities LLC, Piper Jaffray & Co. and Jefferies LLC, the joint book-running managers in the retailer’s recent public sale of 5,750,000 shares of common stock lifting the lock-up restriction on certain shareholders. The given […]

REPORT Earnings per share at L Brands, for the fourth quarter ended January 31, 2015, increased 15 percent to 1.89 dollars from 1.65 dollars for the quarter ended February 1, 2014. Earnings per share for the year increased 15 percent to 3.50 dollars from 3.05 dollars for the year ended February 1, 2014. […]

British shoppers have not welcomed but fully embraced e-commerce and its perks as shopping online saves them 200 million miles in shopping trips per week, according to a recent research. Now, more consumers shop online than visit physical stores, report Conlumino for Webloyalty. The study, carried by […]

Shares of Chico's FAS (NYSE:CHS) retreated Wednesday on reports that Sycamore Partners has abandoned its takeover attempt of the women's clothing retailer, reported ‘Investors Business Daily’. The New York-based private equity firm reportedly failed to line up financing for the deal on acceptable terms. […]

Private equity firm Sycamore Partners has abandoned its attempt to buy apparel retailer Chico's FAS Inc (CHS.N) after failing to secure financing on acceptable terms, the ‘Wall Street Journal’ reported quoting a person familiar with the matter. Sycamore was trying to raise debt financing for the deal […]

According to the USC appointed administrators, the struggling retailer owes its creditors 15.2 million pounds. In late 2014, Sports Direct put the brand into administration just to buy it back immediately. USC appointed Duff & Phelps and Gallagher Partnership as joint administrators on January, 13 before […]

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