Gap Inc’s board of directors has approved a new 1 billion dollars share repurchase authorization for the company’s common stock, superseding the existing authorization dated February 25, 2016. The company also announced its intent of maintaining an annual dividend at the current level of 97 cents per […]

In a new report, Coresight Research took a look into the adaptive apparel market, which creates apparel to meet the needs of people with disabilities and chronic disease. Insights have shown that the market is rather underserved and could potentially reach 349.9 billion dollars globally within the next […]

H&M and VF Corporation are the only two apparel companies on the 2019 World’s Most Ethical Companies list, made by the Ethisphere Institute. A total of 128 companies made the list this year, representing 21 countries and 50 industries. According to Ethisphere, the companies on the list have met “rigorous” […]

Inclusive lingerie label ThirdLove, best known for its wide range of size options and half-cup bra sizes, has raised 55 million US dollars in funding. Founded in 2013 by two former Google executives, ThirdLove aims to offer “a bra for everybody”. The company was not looking for investors, but decided […]

New York – British fashion and homewares retailer Laura Ashley is reported to have received a takeover bid from a U.S. investment firm, Flacks Group. In a statement issued Monday, Flacks Group said it is in the early stages of evaluating a bid for the struggling retailer. The apparel group, owned by […]

For the fourth quarter, Macy’s, Inc. reported net sales of 8,455 million dollars against 8,672 million dollars in the fourth quarter of 2017, while for the full year, the company’s net sales reached 24,791 million dollars compared to 24,939 million dollars in 2017. Fourth quarter comparable sales on […]

For the six months to December 31, 2018, Esprit Holdings Limited reported revenue of 6,766 million Hong Kong dollars (861.9 million dollars), representing a decline of 14.4 percent in local currency terms. The decline in Hong Kong dollar terms, the company said, was slightly higher at 15.8 percent due […]

Global Fashion Group (GFG) has reported full year net merchandise value (NMV) increase of 22.5 percent to 1,453 million euros (1,649 million dollars) year on year on a constant currency basis. Full year Revenue of 1,156 million euros, the company said, represented a 18.7 percent growth and adjusted […]

As the first denim company from Bangladesh, Chittagong-based Denim Expert Ltd. has joined the United Nations Framework Convention on Climate Change (UNFCCC), pledging to take climate action in line with the goals established by the Paris Agreement of 2015. “The science is clear. Climate change is happening […]

Carter’s, Inc. reported consolidated net sales increase of 5.7 percent or 58.5 million dollars to 1.1 billion dollars, driven by growth in the company’s U.S. retail and U.S. wholesale segments. On a constant currency basis, consolidated net sales increased 6.1 percent in the quarter. Consolidated net […]

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