For the month of September retail sales fell to their lowest point in 1 ½ years. The Confederation of British Industry stated that 38% of retailers had reported a decline in year-on-year sales, with only 29% reporting a rise. With analysts having expected a balance of +15% this balance of -9% […]

Tommy Hilfiger Inc., said on Friday that it received a federal grand jury subpoena seeking documents relating to commissions that were paid to a non-U.S. subsidiary since 1990. The investigation focuses on the question of whether the commission rate is appropriate, the clothing company said in a news […]

Billionaire boss of BHS and TopShop, Philip Green, is donating £5 million to found UK's first fashion and retail academy. After failing to buy Marks & Spencer earlier this year, he is placing his money in a venture that ought to benefit not only the UK, but also himself. The academy is geared […]

Few retail sectors have changed as dramatically as sports apparel over the past few years. Once the preserve of athletes, sportswear has become part of the mainstream fashion industry. Foot Locker, the No 1 sports shoe retailer in America, plans to build its European operation into a EUR1.9 billion […]

Billowing white drapes from ceiling to catwalk along with the insistent rhythm of sitar and tabla, set the scene for Giorgio Armani's lifestyle brand Emporio Armani. His collection, reminiscent of India in the last days of the Raj, didn't shy from his clean, contemporary image. Instead, colours ranging […]

The Italian fashion designer has finally decided to take on haute couture. Whereas other design houses such as Ungaro and Versace are moving away from haute couture to focus on the prêt-a-porter market, Armani believes there is still a market for five-figure dresses. His show on Tuesday at Milan […]

Luxury goods group Gucci has reported it's operating profit in the second quarter to July rose by 142.9 percent to 65 million euros (79.82 million dollars) from 26.8 million euros in the same period of last year. Sales rose by 9.8 percent to 641 million euros and gross margin amounted to 66.0 percent […]

The legendary American couturier died yesterday at age 77. He passed away in his home on the Upper East Side in Manhattan. Beene launched his company in 1963 and it quickly became an enormous success with the Park Avenue set. Initially, he had planned on becoming a doctor. Ironically he designed his […]

Supermodel Heidi Klum got back to her super glamorous figure just one month after she gave birth to her daughter Leni, and it was her 1.8 million pound deal with lingerie giants 'Victoria's Secret, which inspired her to do that, reports The Sun. The 31-year-old model is a regular on the Victoria's Secret […]

Men's clothing manufacturer Phillips-Van Heusen Corp. agreed to acquire the Arrow brand worldwide and related licenses from Cluett American Group for about USD70 million. Van Heusen, whose brands include Calvin Klein, has operated the men's Arrow dress shirt and sportswear businesses in the U.S. since […]

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