Abercrombie & Fitch Co. has reaffirmed its previously issued outlook for the fourth quarter of fiscal 2018. Driven by the loss of fiscal 2017's 53rd week and adverse impacts from both the calendar shift and changes in foreign currency exchange rates, net sales are expected to decrease mid-single digits, […]

Tailored Brands, Inc. has announced that retail segment comparable sales for November and December (the nine-week period ended January 5, 2019) decreased 1.4 percent, which reflects a 3.6 percent decrease at Men’s Wearhouse, a 0.1 percent increase at Jos. A. Bank, a 2.1 percent increase at K&G and a […]

New York - The British fashion retailer has put its ownership in the hands of its lenders after failing to repay its piling debt, currently at the 1.35 billion pounds mark. The deal will see 72 percent of the business secured by New Look’s creditors. New Look started the week on a positive note: after […]

Lululemon Athletica Inc., updating its net revenue and earnings guidance for the fourth quarter of fiscal 2018 ending February 3, 2019 has said that the company now anticipates net revenue to be in the range of 1.140 billion dollars to 1.150 billion dollars based on a total comparable sales increase […]

The European Commission has launched an in-depth investigation into Nike’s tax arrangements in the Netherlands, looking to examine whether the country’s tax administration body, Belastingdienst, has given the sportswear giant an unfair advantage over its competitors. Between 2006 and 2015, Dutch authorities […]

In the three month period ended December 31, 2018, Compagnie Financière Richemont SA said that with the consolidation of YNAP and Watchfinder regrouped for the first time under the newly created Online Distributors business area, group sales grew by 24 percent to 3,915 million euros (4,511 million dollars) […]

Steve Shiffman, Chief Executive Officer of Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. has unveiled a series of strategic changes to the company in response to, what the company has called, rapidly evolving fashion and retail landscape. As a part of the strategy, Calvin Klein’s the 654 […]

Urban Outfitters, Inc. said in a statement that total company net sales for the two months ended December 31, 2018, increased 5 percent over the same period last year, while comparable retail segment net sales increased 5 percent, driven by double-digit growth in the digital channel, partially offset […]

Safilo Group has added one more brand to its licensing portfolio: Levi’s. The eyewear giant, which makes sunglasses and prescription glasses for brands like Dior, Banana Republic, Kate Spade and Moschino, has scored a global licensing agreement to design, manufacture and distribute glasses for Levi […]

L Brands, Inc. net sales were 2.477 billion dollars for the five weeks ended January 5, 2019, compared to 2.516 billion dollars for the five weeks ended Dec. 30, 2017. Comparable sales were flat for the five weeks period. The company reported net sales of 12.457 billion dollars for the 48 weeks compared […]

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