Geox S.p.A., said in a statement that consolidated sales in 2018 amounted to 827.2 million euros (939.8 million dollars), down 6.5 percent or 5.5 percent at constant forex. The company added that 2 percent sales increase was recorded in the last quarter of the year, driven by the 12 percent sales increase […]

For its fourth quarter to February 2, 2019, Foot Locker, Inc. reported net income of 158 million dollars or 1.39 cents per share compared to a net loss of 49 million dollars or 40 cents per share, for the 14 weeks of fiscal 2017. On a non-GAAP basis, the company said, it earned 1.56 cents per share, […]

Amazon doesn't want any frauds. The global retailer has announced plans for Project Zero, a new program that will help them counteract one of their biggest criticisms: counterfeits. The news was reported by Business Insider. The name of the project derives from Amazon's goal to get the number of counterfeits […]

Neiman Marcus Group LTD LLC has announced today that it has made significant progress in refinancing discussions and has reached an agreement in principle with majority holders of each of the company’s term loans and unsecured notes on the framework of a comprehensive amend and extend transaction. The […]

New York –The UK’s fashion and accessories brand, is getting ready to appoint administrators in an attempt to keep creditors at bay while it gets some breathing air. Founded by British entrepreneur Linda Bennett in 1990, who regained full control of the business last year from private equity investors, […]

Paris-based fashion, music and lifestyle brand Maison Kitsuné has announced a joint venture with JoeOne in China, as it looks to expand its global reach and add 50 points of sales in the next five years in the region. The news follows the multi-faceted Paris-meets-Tokyo brand’s strategic announcement […]

The Calida Group recorded consolidated net sales increase in the reporting year of 7.6 percent from to 409.5 million Swiss francs (410 million dollars), while adjusted for exchange rate effects, the increase came to 4.1 percent. Net income increased 5.3 percent on the prior year to 17.8 million Swiss […]

Along with its results for the fourth quarter and fiscal 2018, Gap Inc. announced plans to separate into two publicly traded companies: Old Navy, and a yet-to-be-named company, which will consist Gap brand, Athleta, Banana Republic, Intermix and Hill City. The company also announced that as a part of […]

Wall Street Journal has reported that Gap Inc., the parent company of Gap, Banana Republic, Athleta, and Intermix, will be splitting into two publicly traded companies. The companies will now be split into Old Navy and a yet-to-be-named company, which will consist of Gap, Athleta, Banana Republic, Intermix […]

J. C. Penney Company, Inc. said in a statement that on a shifted basis, which compares the 13 weeks ended February 2, 2019 and February 3, 2018, comparable sales decreased 4 percent, while on an un-shifted basis, comparable sales for the quarter decreased 6 percent. For the full year, comparable sales […]

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