London - Actress turned fashion designer Reese Witherspoon has been hit with a 5 million US dollar lawsuit as she stand accused of copying a design from jeweller Jordann Weingartner. Witherspoon’s own fashion label, known as Draper James, is being accused of copyright and trademark infringement due […]

The world's biggest luggage maker, Samsonite, has confirmed that it has agreed to buy luxury rival Tumi for 26.75 dollars per share in an all-cash transaction, as it looks to gain access to the premium end of the luggage market. Tumi, which makes products ranging from rolling luggage to tablet cases […]

ANALYSISThe athletic apparel group released its full-year 2015 results and 2016 outlook earlier this week. The German sportswear giant happily shared its full-year 2015 figures: net income at the Adidas Group grew 29 percent year-on-year. The group - which includes Adidas, Reebok, and TaylorMade brands […]

REPORTIn 2015, Moncler recorded revenues of 880.4 million euros (962.6 million dollars), an increase of 27 percent at current exchange rates and an increase of 19 percent at constant exchange rates. “2015 was another year of solid, double-digit growth for Moncler which means we have achieved the results […]

REPORTGap net sales for the four-week period ended February 27, 2016 were 888 million dollars compared with net sales of 918 million dollars for the four-week period ended February 28, 2015. On a constant currency basis, February 2016 net sales decreased 2 percent compared with last year. “We are encouraged […]

REPORTL Brands net sales were 849.3 million dollars for the four-week period ended February 27, 2016, an increase of 5 percent compared to net sales of 806.1 million dollars for the same month last year. Comparable sales including direct for the month under review increased 5 percent. L Brands operates […]

REPORTAdidas Group currency-neutral sales increased 12 percent in the fourth quarter of 2015. In euro terms, Group revenues grew 15 percent to 4.167 billion euros (4.527 billion dollars). In 2015, Group revenues increased 10 percent on a currency-neutral basis, driven by double-digit growth at Adidas […]

Hollister, the younger sister of Abercrombie & Fitch, has turned to be the growth engine for the teen apparel group, driving sales upwards and therefore breaking a three-year consecutive declining in-store sales. Hollister has stolen the limelight from formerly youngsters’ favourite Abercrombie & Fitch. […]

New York - It's no secret at this point that Abercrombie & Fitch has fallen from its former glory. The once super popular, preppy teen retailer isn't the must-have that it once was in the 90s and early 00s. In a recent survey from the American Customer Satisfaction Index (ACSI), Abercrombie & Fitch […]

REPORTAbercrombie & Fitch reported GAAP net income per diluted share of 0.85 dollar for the fourth quarter ended January 30, 2016, compared to 0.63 dollars for the fourth quarter last year. Excluding certain items, adjusted non-GAAP net income per diluted share was 1.08 dollars for the quarter, compared […]

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