REPORT Nike for the third quarter ended February 28, 2015 said that diluted earnings per share increased 19 percent due to higher revenues as a result of continued strong demand for Nike brands and gross margin expansion, partially offset by higher SG&A investments and a higher effective tax rate. Revenues […]

European private equity giant Permira has sold its remaining 12 percent stake in fashion retailer Hugo Boss. The up to now reference investor, said earlier this week it has completed its exit seven years after buying majority ownership in the German brand. “With the backing of the Permira funds, Hugo […]

REPORT Overall sales increased by 7.2 percent at Next for the year ending January 2015. However, while Next brand sales in the first half were exceptionally strong, up 11 percent, the second half was relatively disappointing and up just 5 percent. Growth in underlying profit before tax of 782 million […]

REPORT Group revenue of Ted Baker increased by 20.4 percent to 387.6 million pounds (574.9 million dollars). The retail division at Ted Baker performed well with sales up 18.4 percent or 20.8 percent in constant currency to 306.9 million pounds (456.1 million dollars). The performance of e-commerce […]

REPORT Guess in its unaudited financial results for its fourth quarter and fiscal year ended January 31, 2015 said that while global revenues decreased 6 percent at 2.4 billion dollars; decline was 5 percent in constant currency. For the fourth quarter, North American retail revenues decreased 4 percent […]

American Apparel Inc. has postponed the release of its annual financial report as it reworks a lending agreement to allow it to take on more debt provided by a hedge fund. However, the retailer provided estimated results for the past fiscal year. The Californian retailer said Wednesday in a filing that […]

Amancio Ortega, founder of the Zara clothing store chain, reached a new financial milestone when his fortune moved past the 60 billion euros mark for the first time on Monday, reported the Spanish journal ‘El País’. Despite having lost one position in this year’s world’s billionaires’ ranking, Spain’s […]

ANALYSISInditex SA, the world’s largest clothing retailer, has just reported accelerating revenue growth after an expansion of online sales and store openings helped drive a 5 percent profit increase last year. The Spanish group also reported the fastest quarterly sales growth in two years. The company's […]

REPORT J. Crew Group for the three months and fiscal year ended January 31, 2015 reported total revenue increase of 3 percent to 705.3 million dollars. For fiscal 2014, total revenues increased 6 percent to 2,579.7 million dollars and comparable company sales decreased 1 percent following an increase […]

REPORT Inditex Group sales revenue rose by 8 percent in fiscal 2014 to 18.12 billion euros (19.19 billion dollars). Net sales in local currencies increased by 11 percent in FY14. Same-store sales growth was 5 percent, implying like-for-like store sales growth in the last five years of 23 percent. Net […]

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