Net revenues for the first half of 2019 at Brunello Cucinelli S.p.A totalled 291.4 million euros (322.9 million dollars), representing a rise of 8.1 percent at current exchange and 7.2 percent at constant exchange rates. The company said, total revenues, which include other operating income, rose by […]

Canadian retailer Hudson's Bay Company (HBC) has announced it is selling luxury department store chain Lord + Taylor to fashion rental subscription service Le Tote in a 100 million dollar deal. The deal will see Le Tote acquire the Lord + Taylor brand and related intellectual property while assuming […]

Total sales for the second quarter increased 0.9 percent to 123.2 million dollars at Destination XL. The company said, the increase of 1 million dollars in total sales was primarily due to an increase in wholesale revenue of 2.7 million dollars and other revenue of 0.1 million dollars and was partially […]

For its second quarter, Express, Inc. reported consolidated net sales decrease of 4 percent to 472.7 million dollars, with consolidated comparable sales down 6 percent. Comparable retail sales, which include both Express stores and e-commerce, decreased 7 percent and in total, retail sales decreased […]

AI-powered visual merchandising and outfit recommendation platform Stylitics has closed a 15 million dollar Series B round of funding, bringing its overall funding to 21 million dollars. Money from the round, which was led by growth equity firm PeakSpan Capital with participation from Trestle LP, will […]

Total sales at John Lewis for the week to August 24, 2019, were down 5.5 percent on the same week last year. The company said in a statement that fashion sales were down 4.4 percent. However, John Lewis added that sales of sunglasses were up 42 percent and swimwear was up 27 percent as customers prepared […]

Eterna Mode Holding GmbH, in its interim results announcement said that sales increased by 0.8 percent to 51.8 million euros (57.4 million dollars). In the domestic German business, Eterna’s sales were up 2.1 percent, while exports declined by 2.4 percent. EBITDA for the period under review rose by […]

Ted Baker has appointed Sojitz Infinity as its Japanese retail licence partner in a bid to accelerate the long-term growth of the British luxury brand in Japan. The five-year partnership, effective from 1 October, will see Ted Baker convert its directly operated business into an exclusive retail licence […]

After witnessing improvements in profitability following the launch of “Strategy 2020”, Adler Modemärkte AG has announced an update about expansion of its online business. The company said in a statement that the goal is to more than triple ecommerce revenue by 2023. “So far, Adler has hardly been able […]

Mytheresa has reported consolidated net revenues of 377 million euros (341 million pounds) for the fiscal year ending June 2019, up from 303 million euros (274 million pounds) the previous year. The figure includes the company’s online business and physical store in Munich. The German luxury platform’s […]

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