American Eagle Outfitters, Inc. (AEO) reported EPS of 43 cents for the 13 weeks ended February 2, 2019 compared to 52 cents for the 14 weeks ended February 3, 2018, which included the benefit of an extra week of sales due to the retail calendar. The company said adjusted EPS of 44 cents last year excluded […]

For the full year ended February 2, 2019, Abercrombie & Fitch said, net sales of 3.6 billion dollars increased 3 percent from last year, despite the adverse impact from the loss of fiscal 2017's 53rd week, while comparable sales increased 3 percent on top of 3 percent last year. Gross profit rate was […]

Diesel USA Inc, the denim and accessory brand and subsidiary of Diesel S.p.A., filed for chapter 11 bankruptcy protection on Tuesday, blaming mounting losses, expensive leases, cyber fraud and changing consumer buying habits. According to a court filing in the US Bankruptcy Court in Delaware, the company […]

The management board of Lenzing Ag, has decided to propose a basic dividend of 3 euros per share and a special dividend of 2 euros per share, to the annual general meeting. The company said in a statement that this dividend proposal reflects the good implementation of the corporate strategy sCore TEN […]

Online fashion retailer Zalando will to sell cosmetics in five more countries. Within the coming two months, beauty products will also be available in Sweden, Denmark, France, Belgium and Italy, Zalando said in a statement. “With Beauty, we want to empower our broad customer base to complete their style […]

Alibaba Group Holdings trading platform has formed its first business-to-business venture with Office Depot. The news was first reported by Business of Fashion. Alibaba will be creating a new online destination to access the business supply distributor's network and build out its offerings to small […]

Dan Henry Watches has published a study saying that sales of luxury timepieces are on the rise, and according to the creator of Dan Henry Watches, that growth has contributed to a new trend in the industry: the emergence of microbrand watches. Purchases of luxury timepieces, for more than 100 years […]

BlueGem Capital Partners has sold The DMC Group, which comprises of leading European needlecraft brands, including DMC, Wool and the Gang and Sirdar, to Lion Capital LLP. BlueGem formed The DMC Group in August 2016 as a consolidation platform for complementary needlecraft brands, following the acquisition […]

Klarna, Europe’s leading payments provider and a newly-licensed bank, has announced that it is partnering with Canadian instant financing provider, PayBright to allow global retailers to offer an instalment payment method for Canadian consumers. The partnership will give Klarna’s 100,000 global retailers […]

February 2019 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, increased by 3 percent year on year while total sales including online sales also increased by 3 percent. The company said in a statement that February same-stores sales rose year on year due to […]

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