REPORT_ Crocs, reporting its financial results for the third quarter ended September30, 2014 said that company’s GAAP revenues increased 4.8 percent to 302.4 million dollars, in line with previously provided guidance of 300 million to 305 million dollars. On a constant currency basis, revenue increased 5.4 percent in the third quarter of 2014....
28 Oct 2014
REPORT_ Kohl’s Corporation updating its FY 2014 earnings per share guidance said, it expects comparablesales to decrease 1.4 percent in the third quarter, since October sales have been softer than the balance of the quarter. Geographically, the company expects sales to be consistent across all regions. E-Commerce sales are expected to increase...
This week could see the start of financial negotiations for the sale of Pepe Jeans Group,which controls labels Pepe Jeans and Hackett London, valued between 700 million euros and 800 million euros. According to French newspaper, Les Echos, the company's shareholders, which include investment firms Torreal, Artá Capital, L Capital, are set to...
27 Oct 2014
Now in its 6th year, the SOURCE Expo is the only fashion industry trade show dedicated to ethical, fair trade and eco sourcing. Everyyear, the SOURCE Expo brings together hundreds of fashion professionals from across the brand and retail sector, connecting them with ethical and sustainable suppliers. The event will showcase exemplary suppliers...
Patrik Frisk, former Coalition President for VF Corporation Outdoor Americas divisionis set to exit the company to become Chief Executive Officer of footwear retailer Aldo Group. Frisk is set to succeed Aldo's current CEO, Rejean Dionne, who will retire from the company next month. “After over 10 wonderful years at VF Corporation, I have decided...
French luxury goods company Kering is to launch a sustainable partnershipwith the London College of Fashion. Writing in the Daily Telegraph, Kering CEO Henri-Francois Pinault said that the industry needs “successive generations to keep driving change”. The new partnership and curriculum being developed with LCF “will help shape the future of...
East London-based fashion label Illustrated People has named Phoebe-Lettice Thompson as its new creative director, following hersuccessful collaborative collection Phoebe x IP, Illustrated People. The former Made in Chelsea star will be curating Illustrated People’s men’s and womenswear seasonal collections as of this month, drawing upon her...
Former Diane von Furstenberg president, Paula Sutter, has found a new challenge after her departure from theNew-York based fashion label. Private equity firm TSG Consumer Partners has appointed Sutter Chief Executive Officer of TSG Fashion, a newly created role where Sutter has been tasked with building up its fashion portfolio. Sutter will be...
Luxury British label Burberry is to be honoured with a Rodeo Drive Walk of Style Award,which will see the brand immortalised on the fashion world’s answer to the Hollywood Walk of Fame. Launched in 2003 by the city of Beverly Hills and the Rodeo Drive Committee, the Rodeo Drive Walk of Style Award has previously been won by fashion designers...
Shopping centre operator Land Securities has announced the launch of Five, a premium selection of dedicated experientialspaces available within its retail and leisure destinations. The new concept will consist of five 5 metre x 5 metre spaces across Land Securities’ Bluewater, Trinity Leeds, St David’s in Cardiff, One New Change in the City and...
Changes are rumored to around the corner for high street footwear retailer Office,as the shoe chain may see itself in the hands of a new owner, or enjoying a stock market debut as early as next year. According to the Telegraph, Silverfleet Capital, private equity firm and parent company of Office, have appointed investment bank JP Morgan to...
US shoe retailer Boot Barn will be issuing its initial public offering of shares(IPO) this week. The move has arisen some positivism amongst investors and analysts in a moment were IPOs are either disappointing or just been cancelled last minute. Boot Barn (BOOT) is the largest retail chain focused entirely on US western and work-related...
