American footwear label Toms, best known for giving a pair of shoes to a child in need with every pair of shoes sold, is expanding its humanitarian work. After donating 5 million US dollars to organizations working to end gun violence in the United States in November, as well as encouraging Americans […]

For the period from October 1 to December 31, 2018, Björn Borg Group’s net sales increased 15.6 percent to 196.9 million Swedish krona (21 million dollars). The company said, excluding currency effects, sales increased 11.6 percent. Net sales for the company’s own e-commerce and e-tailers amounted to […]

Hudson’s Bay Company (HBC) has announced the closure of its Home Outfitters business in Canada and is performing a fleet review of Saks Off 5th’s 133 stores, with an estimate of closing up to 20 locations in the US. The company said, these actions are part of the company’s strategic plan to reduce costs, […]

Announcing its financial results for the fourth quarter and full year, Gildan Activewear Inc. said strong performance in the fourth quarter reflected an increase of 16 percent in GAAP diluted EPS and an increase of 39 percent in adjusted diluted EPS, driven by sales growth of approximately 14 percent […]

Tapestry, Inc. has declared a quarterly cash dividend of 3375 cents per common share. The company said in a statement that this dividend is payable on April 1, 2019 to shareholders of record as of the close of business on March 8, 2019. Announcing its second quarter results at the beginning of this […]

PVH Corp. has entered into a definitive agreement to acquire Gazal Corporation Limited that it does not already own for 6 Australian dollars per share. The company said, Gazal has been PVH’s long term partner in Australia and if the acquisition is consummated, PVH will acquire its joint venture with […]

Wolverine Worldwide, Inc. said reported revenue of 579.6 million dollars increased 0.2 percent during the fourth quarter, while underlying revenue increased 3.8 percent and further adjusting for currency, increased 4.6 percent. Reported revenue of 2,239.2 million dollars decreased 4.7 percent for the […]

The death of legendary designer Karl Lagerfeld leaves a huge hole at the head of Chanel, but the fashion juggernaut is in such rude health it is likely to power on without him, analysts say. The workaholic German turned around the fading fortunes of Coco Chanel's iconic house in his 36 years in charge, […]

INTERVIEWCompanies looking to future-proof their existence can no longer turn a blind eye to social and environmental issues, as the ones which are not perceived as having a positive impact in the world are likely to go out of fashion. A 2018 survey of 10,000 millennials (people aged 25-35) and 1,844 […]

The UK’s competitive regulator, the Competition and Markets Authority (CMA), has said that the proposed Sainsbury's-Asda merger would push up prices and reduce competition in the industry, leaving the deal in doubt. In its Phase 2 investigation, the CMA said it found that the proposed deal “could lead […]

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