The likes of ShoeZone and Clarks are not going through their best moment. British leading shoes retailers are going through troubled waters due to a year of heavy discounting and warmer-than-expected weather. Aim-listed Shoe Zone Wednesday posted a 26 percent dent in its half-year profits of 2 million […]

Gerry Weber International AG fell the most in more than 14 years in Frankfurt trading after the German fashion chain warned financial targets for 2015 are “no longer ensured.” On the wake of the news, the stock plunged as much as 29 percent to 21.12 euros, the most since Bloomberg records began in 2000. […]

ANALYSISInditex has distanced itself from other giants of the fashion world by benefiting from currency exchanges. Thus, while luxury heavyweights like LVMH or Chanel were negatively affected by exchange rate fluctuations, the owner of Zara has received an additional boost from the euro’s depreciation. […]

After months of declining sales, J.Crew leadership has decided to face the ugly and make some tough decisions. The preppy hipster brand will eliminate 175 jobs, look into alternative funding and pass the creative reigns of the namesake’s brand to former head of design at Madewell. Wednesday J. Crew […]

REPORT The footwear major Clarks has said that its sales and profits witnessed a sharp decline owing to discounting strategies and issues with its American business. While its annual sales declined 3.2percent to 1.49 billion pounds (2.29 billion dollars) in the last year, lower pension and interest […]

REPORT Boohoo.com, for the three months ended May 31, 2015 reported revenue rise of 35 percent, with gross margin of 60.6 percent. The company claims to have 3.3million active customers, an increase of 32 percent on prior year. It also reported continued strong performance in the rest of the world, […]

REPORT Continuing with its global expansion strategy, Inditex reported that its first quarter net sales reached 4.4 billion euros (4.9 billion dollars), 17 percent higher than in the first quarter, last year. Store and online sales in local currencies increased by 13 percent. The company’s gross profit […]

Tuesday witnessed a high deal of insider selling within the apparel industry, with the likes of Abercrombie & Fitch, Chico’s FAS and Nike making it to the news due to the high volume of shares changing (insider) hands. According to a SEC Form-4 filing, the president of Hollister brand and executive […]

REPORT Net revenues, at Quicksilver were 333 million dollars compared with 397 million dollars in the second quarter of 2015. Net revenues were down 2 percent, or 5 million dollars, on a constant currency continuing category basis. Net revenues in Americas, as reported, were 160 million dollars compared […]

ANALYSISShares soared more than 9.5 percent mid-Tuesday to 67.42 dollars apiece after Lululemon posted a better-than-expected 10 percent rise in first-quarter revenue. For the quarter ended May, 3, Lululemon earned 34 cents a share on revenue of 423.5 million dollars, beating the 33 cent a share and […]

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