REPORT Coach reported sales of 1.22 billion dollars for its second fiscal quarter ended December 27, 2014, compared with 1.42 billion dollars reported in the same period of the prior year, a decrease of 14 percent. On a constant currency basis sales declined 12 percent for the quarter. Net income for […]

Chinese e-commerce giant Alibaba has complained of 'misconduct' after local regulators accused the company of turning a blind eye to the sales of counterfeit goods on sites such as Taobao and Tmall. A report published by the Chinese government body SAIC (Trade and Commence) claimed that Alibaba allowed […]

ANALYSIS Swedish fashion apparel retailer Hennes & Mauritz is set to a star year: after reporting its strongest annual profit in eight years, H&M will be conquering the market in Latin America, Asia and the US. Hennes and Mauritz AB (H&M) reported Wednesday its steepest gain in annual profit since 2007. […]

REPORT Fashion retailer Gerry Weber International said its annual earnings before interest, taxes, depreciation and amortisation or EBITDA rose by 5.3 percent year-over-year to 134.2 million euros from 127.4 million euros, corresponding to an increase of the EBITDA margin from 15.0 percent to 15.7 percent. […]

Huber Group has acquired French men’s underwear brand Hom from the Triumph Group, as it sets its sights on expanding its activity in the premium men’s underwear category. Hom had been part of the Triumph Group for 28 years, but its sale is part of Triumphs strategy to refocus its brand portfolio, concentrating […]

REPORT In its full-year report, H&M Group said that well-received collections for all brands resulted in good sales and increased market share. The H&M Group’s sales including VAT increased in local currencies by 14 percent during the financial year ending November 30, 2014. Converted into Swedish Krona, […]

Footwear label Shoon is reportedly up for sale again, less than one year after the business was sold off to the former directors of Jones Bootmaker. Last January saw industry veterans Ken Bartle and Peter Philipps agree to takeover Shoon from turnaround firm GA Europe. Now news has emerged that the […]

UAE e-commerce retailer Namshi said on Monday it has opened a new and expanded warehouse facility to cope with increasing orders. The online fashion and lifestyle retailer said the storage facility is eight times larger with the capability to house 1.7 million additional stock items. "Following robust […]

Arcadia, the textile empire of Sir Phillip Green, is exploring the sale of affordable apparel BHS. “We have had several approaches on BHS over the past few months. It is now in the company’s plan to explore whether any of these can be brought to a conclusion,” the company said. A spokeswoman for Sir […]

The Royal Mail has its sights set on working more closely with clothing and footwear retailers and deliver heavier packages, as the company fights for it's share of the UK parcel market from a growing number of contenders. According to the Royal Mail trading update, the UK parcel division oversaw the […]

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