UPDATE After Japanese clothing giant Fast Retailing had to explain itself due to a report by Hong Kong-based labour advocacy group Sacom accusing the company of unacceptable working conditions in supplier factories (see article of 16th January), the Uniqlo parent announced strict monitoring of all its […]

ANALYSIS L Brands, parent company of Victoria’s Secret among others (NYSE:LB), reported its January sales results earlier this month and raised its Q4 profit guidance, boosted by strong growth in revenues during the first month of the year. L Brands has reported net sales of 783 million dollars for […]

REPORT Nordstrom registered fiscal 2014 earnings per diluted share of 3.72 dollars, in-line with the company's full-year outlook of 3.70 dollars to 3.75 dollars. During the year, the company opened three full-line stores, including its first store in Canada, and 27 Nordstrom Rack stores, launched Nordstromrack.com […]

REPORT Sports Direct International in its interim management statement for the period from October 27, 2014 to February 18, 2015 said that its sales went up 2.6 percent to 771million pounds (1,190.3 million dollars) and gross profit increased 7.6 percent to 346.9 million pounds (535.6 million dollars). […]

Foot Locker has kicked off the year in good shape, declaring a first-quarter dividend of 0.25 dollar per share, what implies a 14 percent increase. Additionally, the athletic footwear group has approved a new 1 billion dollars share repurchase plan. Foot Locker, Inc. (FL) has just announced that its […]

REPORT Tom Tailor Group achieved a profitable growth course in the fiscal year 2014 with sales increasing to 932.1 million euros (1,064.3 million dollars) and thus came in at the upper end of the target range of 925 million euros (1,056.2 million dollars) to 935 million euros (1,067.6 million dollars) […]

REPORT The Björn Borg Group’s net sales amounted to 135.3 million Swedish krona (16.1 million dollars) during the fourth quarter, up 36 percent. Excluding currency effects, the increase was 29 percent. The Group’s net sales for the full year 2014 amounted to 538.8 million Swedish krona (64.4 million […]

Asian markets were quite active Wednesday, with Uniqlo-owner Fast Retailing Co Ltd saying it is strengthening oversight of its garment and textile suppliers, after problems with working conditions were recently found at two suppliers in China. Besides the Japanese apparel retailer said it would start […]

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 […]

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