- Marjorie van Elven |
Ahman Inam, a former Nike executive who worked as a senior director in data analytics, has filed a lawsuit against the company alleging that it racially discriminated against him, The Portland Business Journal reports. He is seeking 516,000 US dollars in economic damages and 350,000 US dollars in non-economic […]
- Prachi Singh |
Destination XL Group, Inc. reported total fourth quarter sales of 131.2 million as compared to 135.5 million dollars in the 14-week fourth quarter, while total sales for the 52-week year were 473.8 million dollars compared to 468 million dollars for the 53-week prior year. Total comparable sales increased […]
- Prachi Singh |
G-III Apparel Group, Ltd. has announced that its net sales for the fiscal year ended January 31, 2019 increased 9.6 percent to 3.08 billion dollars, while the GAAP net income reached 138.1 million dollars or 2.75 dollars per diluted share, compared to 62.1 million dollars or 1.25 dollars per diluted […]
- Prachi Singh |
For its fourth quarter, Caleres’ consolidated sales of 720.3 million dollars were up 2.5 percent. While the company’s brand portfolio sales of 355.1 million dollars increased 14.8 percent, including Vionic, Famous Footwear same-store-sales were up 1.1 percent but total sales of 365.2 million dollars […]
- Prachi Singh |
Nike, Inc. reported diluted earnings per share of 68 cents in the third quarter to February 28, 2019. The company said, revenues for Nike, Inc. increased 7 percent to 9.6 billion dollars, up 11 percent on a currency-neutral basis, while revenues for the Nike brand were 9.1 billion dollars, up 12 percent […]
- Danielle Wightman-Stone |
Privately-held Swiss distribution and brand management group Maus Frères has confirmed that it has entered into “exclusive negotiations” to acquire contemporary fashion brand, The Kooples. In an official statement, Maus Frères said that it was in talks with the shareholders of The Kooples, and that […]
- Huw Hughes |
Nine West Holdings has emerged from Chapter 11 bankruptcy under the majority equity ownership of CVC Credit Partners and Brigade Capital, and has been renamed Premier Brands Group Holdings LLC. The US footwear and apparel company, which filed for bankruptcy in April 2018, said in a press release on […]
- Prachi Singh |
For the year ended 31 December 2018, Li & Fung Limited said, on a like-for-like basis and excluding the impact of the strategic divestment of the three product verticals in April 2018, which triggered a one-off disposal loss of 114 million dollars, core operating profit decreased by 20 percent to 285 […]
- Huw Hughes |
Swiss retail group Maus Frères is in exclusive talks to acquire French label The Kooples, according to multiple sources including WWD and FashionNetwork. The group, which owns Lacoste, Gant and Aigle, is expected to add the brand to its portfolio by the end of the first half of 2019. In the last financial […]
- Prachi Singh |
Ted Baker Group revenue increased by 4.4 percent or 5 percent in constant currency to 617.4 million pounds (814.6 million dollars), which the company said, were driven by a 4.2 percent or 4.8 percent in constant currency increase in retail sales to 461 million pounds (608 million dollars)) and a 4.8 […]