American department store operator Macy's said on Wednesday its Q3 revenue for 2018 increased by 2.3 percent. Revising its guidance for the full year, Macy's now expects comparable sales on owned licensed basis to grow in the range of 2.3 percent to 2.5 percent, net sales growth between 0.3 percent […]

Canada Goose Holdings Inc. for its second quarter ended September 30, 2018 reported total revenue increase of 33.7 percent to 230.3 million Canadian dollars (174 million dollars) or 31.5 percent on a constant currency basis. Net income, Canada Goose said increased to 49.9 million Canadian dollars (37.7 […]

London. Designer James Lakeland, founder of the eponymous label, is celebrating his 25th business anniversary this autumn. It’s been an eventful time, as Lakeland is quick to admit, but he’s proud to have navigated the highs and lows of the fashion world for over two decades. “It’s incredible when you […]

Lisbon - Alexander Wang is in search of a company that can build him a virtual muse, as the American designer dreams of having his own influencer who he can dress and have visit the various restaurants and shops he wants to promote to fans. That’s what Wang said on Wednesday at the world's largest internet […]

Designer outlet developers McArthurGlen has announced it will invest 1 billion euros in new centres and expansions to cater for the “growing demand from shoppers and tourists” for destination shopping experiences. The company’s investment programme includes four new developments and seven centre expansions […]

German online fashion and lifestyle products startup Lesara has filed for insolvency at its headquarters in Berlin. The company’s co-founder for insolvency proceedings in self-administration for Lesara AG and logistics subsidiary Lesara Logistics at the district court of Berlin-Charlottenburg. All major […]

China's apparel group Shandong Ruyi is determined to present fierce competition to the world’s largest luxury goods group, LVMH. The Chinese fashion conglomerate’s strategy is targeting more global deals involving "affordable luxury" brands, aimed to establish the first high-end Chinese fashion empire. […]

Total sales at John Lewis for the week ending November 10, 2018 were down 8.3 percent, which the company said was due to unseasonably mild weather and since the company was price matching a competitor this time last year. Style sales were down 11.1 percent as the mild temperatures impacted cold weather […]

Tom Tailor Group said in a statement that despite the company still fighting difficult conditions of the textile market, Tom Tailor brand sales in the third quarter improved by 1.9 percent to 163.6 million euros (184 million dollars). The company said, the whole textile industry suffered under the challenging […]

In a major shakeup, Proenza Schouler founders Jack McCollough and Lazaro Hernandez have bought their company back from Castanea Partners with the help of an unidentified group of investors. Buying back their company also means that CEO Judd Crane and CFO John Paolicelli are out, and Kay Hong, known […]

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