REPORT_ Urban Outfitters announced third quarter net income of 47 million dollars and 152 million dollars for the three and nine months ended October 31, 2014, respectively. Earnings per diluted share were 0.35 dollars and 1.09 dollars for the three and nine months ended October 31, 2014, respectively. […]

The media giant Condé Nast has been ordered to pay 5.8 million dollars (3.71 million pounds) in a lawsuit settlement for failing to pay thousands of former interns. The class-action lawsuit, which was brought against Condé Nast by two former interns, Lauren Ballinger and Matthew Leib, […]

REPORT_ During H1 2014, Rocket Internet continued to capitalize on the significant market opportunity especially in emerging markets through its network of companies, which have been performing in line with expectations. The Proven Winners companies had an average weighted GMV period-over-period growth […]

REPORT_ The H&M Group’s sales including VAT increased by 14 percent in local currencies in October 2014 compared to the same month last year. The total number of stores amounted to 3,437 on October 31, 2014 against 3,081 on October 31, 2013. Percentage sales development for the month of November […]

REPORT_ The Bjorn Borg Group’s net sales amounted to 163.7 million Swedish Krona (22.2 million dollars) during the third quarter, an increase of 2 percent. Excluding currency effects, sales were unchanged. The company has attributed the main reason for the sales increase to the shipment of a larger […]

TheFashion.com, a startup online platform which brings together the top fashion websites in a single destination, has announced the closure of a 1.7 million dollar (1.09 million pounds) seed funding round, led by Copenhagen-based North East Venture Capital and The Danish Growth Fund. The online company […]

REPORT_ Group revenue was 828 million Danish Krone (138.4 million dollars) in the first quarter of 2014/15, an increase of 1 percent or 3 percent in local currency compared to the same period last financial year. Revenue increased for all three premium brands by a total of 7 percent in local currency, […]

REPORT_ According to preliminary figures, the retail segment of Gerry Weber International generated sales revenues of round about 404 million euros (503.2 million dollars) compared to previous year figure of 363.7 million euros (452.6 million dollars) in the financial year 2013/14. This represents an […]

REPORT_ Salvatore Ferragamo for the nine months ending September 30, 2014, posted total revenues of 957 million euros (1,191 million dollars), with a 5 percent increase at current exchange rates, over the 915 million euros (1,138 million dollars) recorded at the nine months end in 2013. Revenues growth […]

The Aid by Trade Foundation (AbTF), Africa's largest cotton initiative, now offers organic cotton according to the CmiA Organic Standard for the first time as part of its Cotton made in Africa (CmiA) initiative. "The new CmiA Organic Standard will benefit both the more than 9,000 successfully verified […]

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