REPORT Macy’s in its preliminary said that earnings per share for the full-year 2014 are above previous guidance and the fourth quarter 2014 comparable sales consistent with expectations. The company currently expects full-year 2014 earnings of between 4.35 dollars and 4.37 dollars per diluted share, […]

REPORT LVMH Moët Hennessy Louis Vuitton, one of the leading luxury products group, recorded revenue of 30.6 billion euros (35 billion dollars) in 2014, representing an increase of 6 percent over the previous year. Organic revenue growth was 5 percent. In the fourth quarter, revenue increased by 10 percent […]

Department store chain Macy's Tuesday agreed to buy Bluemercury Inc, a luxury beauty products and spa services retailer, for 210 million dollars in cash. Macy's expects to close the deal in its fiscal first quarter which ends on May 2 and be accretive to its earnings in its first full year (fiscal 2016). […]

Chinese e-commerce giant Alibaba has complained of 'misconduct' after local regulators accused the company of turning a blind eye to the sales of counterfeit goods on sites such as Taobao and Tmall. A report published by the Chinese government body SAIC (Trade and Commence) claimed that Alibaba allowed […]

ANALYSIS Swedish fashion apparel retailer Hennes & Mauritz is set to a star year: after reporting its strongest annual profit in eight years, H&M will be conquering the market in Latin America, Asia and the US. Hennes and Mauritz AB (H&M) reported Wednesday its steepest gain in annual profit since 2007. […]

REPORT In its full-year report, H&M Group said that well-received collections for all brands resulted in good sales and increased market share. The H&M Group’s sales including VAT increased in local currencies by 14 percent during the financial year ending November 30, 2014. Converted into Swedish Krona, […]

Gap Inc. has unveiled plans to close Piperlime, its predominately online designer-fashion brand, by the end of April this year. Piperlime, which Gap states is its smallest brand, with less than 100 million dollars a year in sales accounting for just 1 percent of its parent company’s revenue, will see […]

In its first trading update after going public in October 2014, Jimmy Choo has not only defied industry's fears about a slowdown in Asia but also proved that being a quoted company works well for them. Luxury shoe maker Jimmy Choo has reported a like-for-like sales increase of 5.7 percent, highlighting […]

REPORT Shares of Adidas AG gained around 4 percent in Germany after the Sports goods giant reported Friday higher sales in fiscal 2014, with both top and bottom-line reaching financial targets on an underlying basis. The company also announced a definitive deal to sell its Rockport business for 280 […]

Geneva's luxury watch show where shop owners search out such brands as Cartier and Piaget opened Monday under a cloud as the franc surged after the Swiss central bank abandoned its bid to hold down its value. The fair in Geneva, attracting only professionals, aims to draw 14,000 visitors in just four […]

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