Lululemon Athletica said its Founder Chip Wilson is stepping down from the company's Board of Directors. Wilson, who founded Lululemon in 1998, led the company through many business cycles as he expanded it from a small storefront in Vancouver to an international brand with over 250 stores. In January […]

John and Belle Robinson, the separated founders of fashion label Jigsaw, have given out shares to their management team as part of an overall scheme to increase the label's growth in preparation for a potential sale. A number of directos and several managers at the fashion label, which is led by chief […]

Sycamore Partners, the private equity firm that acquired the Jones Group for 2.2 billion dollars, including debt last year, has announced that it is shutting down the Jones New York brand as it pursues “strategic alternatives”. The company stated that it plans to discontinue the Jones New York brand […]

Consumer confidence continues to increase following a rebound in December and another rise in January, according to figures released by GfK in its latest Consumer Confidence Barometer. The Consumer Confidence Index climbed by five points in January to 1, with all five measures used to calculate the […]

Department store chain John Lewis has reported that fashion sales in the week to January 24 were up 10 percent, as its post-Christmas clearance drew to a close. It was the womenswear that performed particular well for the fashion department, up 15.5 percent year-on-year. Other standout departments were […]

REPORT HanesBrands for the full-year 2014 reported net sales increase of 15 percent, with adjusted operating profit increasing 28 percent, and adjusted EPS rising 45 percent. Net sales for the fourth quarter increased 18 percent to 1.52 billion dollars compared with the year-ago quarter. On a constant-currency […]

REPORT Deckers Brands in its financial results for the third fiscal quarter ended December 31, 2014 said that its net sales increased 6.6 percent to 784.7 million dollars compared to 736 million dollars for the same period last year. Gross margin increased 180 basis points to 52.9 percent compared to […]

REPORT Salvatore Ferragamo for the fiscal year 2014 reported preliminary consolidated revenues of 1,332 million euros (1,508 million dollars) up by 5.9 percent at current exchange rates and by 6.5 percent at constant exchange rates against FY 2013 figures. The Asia Pacific area is confirmed as the group's […]

Following the success of similar charters signed in Italy and France, the Kering Foundation has signed a charter with charity Women’s Aid to help prevent and combat violence against women in the UK. The charter, which was signed by François-Henri Pinault, Chairman and CEO of Kering and President of […]

REPORT Kate Spade & Company provided preliminary 2014 full-year results, as well as summary guidance for 2015. For the 2014 full year, the company expects to report a net sales increase of over 40 percent compared to last year, to a range of 1,130 million dollars to 1,140 million dollars. The company's […]

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