Turkey's ready-to-wear garment sector whose main trade partner is the EU, lost 1.2 billion US dollars in export losses year-on-year in the first half of this year due to a weakening euro. T-shirts, sweaters, sweatshirts, socks, suits, blouses, men's shirts and pants remained the top export items. In […]

Re:Capital, the Canadian arm of British firm Hilco Capital, has acquired Tilley Endurables Inc., a hat and travel apparel company for an undisclosed sum and intends to invest in boosting the business. The premium apparel producer and retailer is well known for its hard-wearing sun hats. The retailer […]

Cath Kidston has bought back its biggest business outside the UK. The flora patterned apparel retailer acquired its Japanese stores from conglomerate TSI Holdings, which was running Cath Kidston as a franchise in Japan. There are 31 Cath Kidston shops in Japan, compared to 65 in the UK, but the retailer […]

Alibaba Group Holding Limited (NYSE:BABA) announced earlier this month its investment in Mei.com, China’s leading flash sales platform for luxury and fashion products. As reported by leading Chinese media, Alibaba has agreed to invest over 100 million dollars in Mei.com. Alibaba will hold more than […]

REPORT The H&M Group’s sales including VAT increased by 14 percent in local currencies in June 2015 compared to the same month in the previous year. The company said that sales in June have been positively affected by calendar effects of approximately 3 percentage points. The total number of stores […]

REPORT At 407 million pounds (637.1 million dollars), retail sales in the first quarter at Burberry, increased by 8 percent underlying and 10 percent at reported FX. Of this 8 percent underlying growth, comparable sales growth was 6 percent, with the balance from new space. By region, there was double-digit […]

The Competitions and Markets Authority (CMA) has launched an inquiry into the merger of luxury online retailer Net-a-Porter with its Italian competitor Yoox. Net-a-Porter’s owner, Richemont, confirmed the 1.3 billion euro merger in March, and stated that the two brands would collectively been known […]

According to ‘Financial Review’, many companies within the local retail sector that have been marked down significantly in recent years could see better times ahead. This so much awaited improvement would respond to the rebound of the merger & acquisition (M&A) activity as well as the ever-growing interest […]

London - Japanese e-commerce giant Rakuten has acquired a 100 percent stake in virtual fit technology company Fits.me, for an undisclosed sum, as it looks to “strengthen its e-commerce offerings and marketing solutions” by providing “greater personalisation of the retail experience for shoppers”. Fit.me, […]

REPORT Secretsales.com, the UK’s largest flash sales business for fashion, accessories, footwear and lifestyle products, for the year ended December 31, 2014 said that the revenue increased 39 percent to 25.2 million pounds (39.2 million dollars). Registered members during the year increased by 22 percent, […]

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