The company said on Tuesday its Q3 net profit decreased. Compared with the same period last year, revenues decreased by 1 percent. For Q3, the company's net profit was 56 million euros, dropped from 66 million euros last year. Revenues increased to 720 million euros. The profit margin of the company […]

Under Armour Inc. reported its net profit for Q3 surged on Monday. Revenues dropped by 1 percent from the same period last year. For Q3, the company's net profit was 102 million dollars, climbed from 75 million dollars last year. Furthermore, revenues dropped to 1,429 million dollars. Under Armour (NYSE: […]

Struggling baby products retailer Mothercare plc is set to appoint administrators putting several jobs at risk. The company announced through a statement that notices of intent to appoint administrators to Mothercare UK and Mothercare Business Services (MBS), which provides certain services to Mothercare […]

Designer Zac Posen has shuttered his namesake fashion label House of Z, citing unable to timely find a strategic investor amid a struggling retail climate. The announcement to cease operations went into immediate effect, with Posen’s website and e-commerce platform being taken offline. The news comes […]

New York – Lululemon has participated in the latest fundraising round for Mirror, a fitness startup that brings boutique fitness classes home with high-tech mirrors. The new funding totalled about 34 million dollars in a new funding round led by Point72 Ventures. Lululemon partook with an undisclosed […]

Eurazeo Brands, the consumer brands division of Global investment company Eurazeo, has announced the acquisition of a minority stake in Herschel Supply, the Canadian lifestyle brand best known for the Little America backpack. Herschel Supply has received a capital injection of 60 million US dollars […]

Chinese e-commerce giant Alibaba said second quarter revenue growth slowed to 40 percent on-year Friday, although net profits more than tripled thanks in part to a one-time payment from a fintech affiliate. Total revenue was 119 billion yuan (dollars 16.9 billion), with growth down from 42 percent in […]

German-based womenswear brand Escada has been sold to global private equity firm Regent. The Mittal Family, which bought the Munich-based luxury label in 2009, confirmed that it has sold the business to Regent for an undisclosed sum. Megha Mittal, chairman of Escada said in a statement: “It has been […]

Since the European Commission announced on 11th February of this year that Cambodia could possibly lose its trade status "Everything but Arms" (EBA), some 800,000 seamstresses in Cambodia have been living in fear of losing their livelihood. In a short documentary film, non-profit think-tank Mekong Future […]

New York - American fast-fashion chain Forever 21 has confirmed the closure of nearly 200 of its stores both in the United States and abroad, as part of its commitment to get out of its current bankruptcy. U.S. news network CNBC published earlier this week a list provided by the fashion firm itself […]

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