At its Investor Day in Herzogenaurach, the Adidas Group presented its new strategic business plan until the year 2020 focusing on accelerating growth by significantly increasing brand desirability. The company expects the new strategy to spur top and bottom-line growth, with revenues projected to increase […]

REPORT Earnings per share on a non-GAAP basis at PVH Corp, increased 23 percent to 1.76 dollars, including a 0.10 dollars negative impact related to foreign currency exchange rates, in the fourth quarter. GAAP earnings per share were 0.62 dollars compared to prior year’s fourth quarter loss per share […]

REPORT American Apparel reported loss per share of 0.16 dollars compared to 0.19 dollars in the fourth quarter of 2013. Adjusted EBITDA was 10.3 million dollars compared to 0.4 million dollars in the fourth quarter of 2013. Operating expenses, excluding significant charges, decreased 10.9 million dollars […]

Francesca's Holdings Corp. gave Wednesday a weaker-than-expected earnings outlook for its current quarter and full year. For the first quarter ending in May, the retailer forecast per-share earnings of 15 cents to 18 cents on revenue of 93 million to 96 million dollars. Meanwhile, analysts polled by […]

Gianni Versace Spa closed a strong fiscal year in 2014, with revenue and profit rising by double-digits. Revenue rose 17 percent to 548.7 million euros, while net profit grew 27 percent to 26.3 million euros. Against general sentiment in the industry, Versace’s chief executive Gian Giacome Ferraris […]

The government has stepped up once more and named & shamed 48 additional firms, which include the likes of French Connection and Footlocker, for failing to pay all members of staff the National Minimum wage, which currently stands at 6.50 pounds per hour for 21 year olds and over. The news comes not […]

REPORT Revenues at Hermes totaled 4,119 million euros (4,493.7 million dollars), up 10 percent and 11 percent at constant exchange rates. Operating income was 1,299 million euros (1,417 million dollars), up 7 percent. Net profitability amounted to 21 percent of sales, as in 2013. The strong growth in […]

The Italian Calzedonia Group achieved a turnover of 1.85 billion euros in 2014, this is a 11 percent more than in 2013. Exports account for 50 percent of total sales. The founder of Calzedonia Group, Sandro Veronesi, said that he expects the percentage of international sales to go up to 60 percent of […]

Ross Stores Inc. announced on Tuesday a two-for-one split of its common stock. The split will be paid in the form of a stock dividend on June 11 to shareholders of record on April 22. The discount apparel retailer nods thus to its smaller investors by the time it capitalizes on positive sentiment. "Our […]

Turkish company Eroglu Holding reportedly paid a total of 21 million euros for the restarted Dutch fashion label Mexx, a fraction of the price paid for the label when its founder Rattan Chadha first sold it off to American firm Liz Claiborne for 430 million dollars. The Turkish textile and retail company […]

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