ANALYSIS Madrid- The English Court held its first shareholders meeting this weekend led by the group's new president, Marta Álvarez. The department store operator unveiled the keys to its strategy for the next two years: new own brands, digital acceleration and greater internationalisation. Marta Álvarez […]

For the second quarter, Caleres delivered net earnings of 25.3 million dollars with earnings per diluted share of 61 cents, up 10.9 percent, while adjusted net earnings reached 25.8 million dollars, resulting in adjusted earnings per diluted share of 62 cents, up 5.1 percent. Sales of 752.5 million […]

CNBC has reported that Cole Haan is preparing for an initial public offering. Currently, Cole Haan is owned by private equity firm Apex Partners, which bought Cole Haan from Nike in 2013. “Our management team is confident in the opportunities we have created for the Cole Haan brand and our business […]

Anne Summers has won rent reductions for 95 of its 100 stores, but a Company Voluntary Agreement (CVA) may be necessary for the remaining five. Writing in a column for Retail Week, Anne Summers CEO Jacqueline Gold said: “There has been a fundamental shift in the retail property market” which have forced […]

According to a recent report published by Zion Market Research, the global functional apparel market accounted for 99.24 billion dollars in 2018 and is expected to reach 280.12 billion dollars (228.9 billion pounds) by 2026, growing at a CAGR of 13.8 percent between 2019 and 2026. The main reasons behind […]

Paris - The French government wants to prohibit the destruction of unsold non-food products in the next two to four years. Prime Minister, Edouard Philippe, made the announcement in June and also hailed it “a world first”. The measure is the logical continuation of a roadmap established last year; a […]

Just ahead of the G7 meeting in Biarritz, which is concluding today, François-Henri Pinault, chairman and CEO of luxury fashion group Kering, unveiled the Fashion Pact, a coalition of 32 fashion houses to protect the world’s climate, biodiversity and oceans, on Friday, to be presented to world leaders […]

The board of directors of Macy’s, Inc. has announced a regular quarterly dividend of 37.75 cents per share on Macy’s, Inc.’s common stock, payable October 1, 2019, to shareholders of record at the close of business on September 13, 2019. In its second quarter trading update, the company reported diluted […]

A new sustainability initiative called the Fashion Pact has seen 32 of the world’s leading brands and textile companies sign up to work together to mitigate the impact of the fashion industry on the environment. The group will be fronted by Kering Chairman and Chief Executive Offer Francois-Henri Pinault […]

Gap Inc. reported earnings per share of 44 cents on a basic and diluted basis, compared to 77 cents and 76 cents, respectively in the second quarter of last year. On an adjusted basis, earnings per share were 63 cents. The company’s second quarter comparable sales were down 4 percent compared with a […]

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