Neiman Marcus Group Ltd LLC announcing its financial update for the first quarter ended October 27, 2018 said that total revenues of 1.10 billion dollars, represented an increase in comparable revenues of 2.8 percent from the same quarter a year ago. “Our first quarter results, marking our fifth consecutive […]

Amer Sports Corporation has confirmed a public cash tender to acquire the entire stake in the company’s business by a Chinese investor consortium led by Anta Sports Products Limited. The consortium has offered price under the tender offer of 40 euros in cash per Amer Sports share. Anta had, on September […]

G-III Apparel Group, Ltd. for the third quarter ended October 31, 2018, reported that net sales increased 4.7 percent to 1.07 billion dollars. Net income for the third quarter was 94 million dollars or 1.86 dollars per diluted share, from 81.6 million dollars or 1.65 dollars per diluted share, in the […]

For its third quarter, The Children’s Place, Inc. reported net sales increase of 32.5 million dollars or 6.6 percent to 522.5 million dollars driven by a positive comparable retail sales increase of 9.5 percent and approximately 5 million dollars due to the new revenue recognition rules, partially offset […]

L Brands, Inc. reported net sales of 1.596 billion dollars for the four weeks ended December 1, 2018, compared to net sales of 1.267 billion dollars for the four weeks ended November 25, 2017. Comparable sales for the period increased 9 percent. The company’s net sales for the 43 weeks were 9.980 billion […]

VF Corporation has announced that Kontoor Brands, Inc. will be the name of the independent, publicly traded company that will result from its previously announced separation of VF’s Jeanswear organization. “This is an exciting next step in our work to establish our jeanswear organization as an independent, […]

Ted Baker has announced a 0.2 percent or 0.4 percent constant currency decrease in group revenue for the 16 week period from August 11, 2018 to December 1, 2018, compared to the same period last year. Meanwhile, the company said that it has appointed Herbert Smith Freehills LLP, an independent law firm, […]

CEO INTERVIEW Struggling fashion retailer Esprit has unveiled an ambitious plan to counter years of revenue decline last week. But will it succeed in finding a new place on the market, after what the company itself defined as years of “brand inconsistency”? Chief Executive Officer Anders Kristiansen, […]

Hudson’s Bay Company (HBC) reported revenue of 2,187 million Canadian dollars (1,647 million dollars), an increase of 115 million Canadian dollars or 5.6 percent for the third quarter with comparable sales increase of 2.9 percent and comparable digital sales increase of 8 percent. The company said, […]

ANALYSIS New York – The Australian subsidiary of British fashion brand Laura Ashley has fallen into administration for the second time in barely three years. Laura Ashley entered Australia in 1971 and, at its peak, had more than 45 stores. It still had 38 stores in 2016. The clothing and home furnishing […]

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