Estée Lauder Cos. Inc. (EL) announced Monday earnings and sales guidance for the first quarter and for the full year 2019. For fiscal 2019, the company expects adjusted earnings in a range of 4.62 to 4.71 US dollars per share, and 9 to 11 percent adjusted earnings growth on a constant currency basis, […]

For the year to October 2017, Crew Clothing said that the company’s turnover increased by 1 million pounds (1.2 million dollars) or 2 percent to 59.3 million pounds (75.5 million dollars). During the period, retail like-for-like sales improved 5 percent and ecommerce sales were up 12 percent. Commenting […]

The UK's Financial Reporting Council (FRC) has imposed a 3 million pounds on senior partner at KPMG over misconduct during the auditing of fashion retailer Ted Baker. The British market regulator fined accountants KPMG three million pounds and reprimanded and fined senior partner Michael Francis Barradell […]

The co-founder of British clothing brand Superdry announced Sunday he is financially backing a push for a second referendum on Brexit, claiming it is not too late to avert "disaster". British fashion tycoon Julian Dunkerton is pumping 1 million pounds (1.3 million US dollars, 1.1 million euros) into […]

Threads, a chat commerce business that helps millennial find the right luxury outfit and accessories through social media and messaging, has announced that it raised 20 million dollars in series A from C Ventures and Highland Europe. Threads, the firm said, uses social media tools such as WhatsApp, […]

Gap Inc. has announced that its board of directors authorized a third quarter fiscal year 2018 dividend of 0.2425 dollar per share, payable on or after October 31, 2018 to shareholders of record at the close of business on October 10, 2018. The company offers clothing, accessories, and personal care […]

J.Jill, Inc. has announced the appointment of two new executives to the company's senior leadership team. Brian Beitler will join the company as executive vice president, chief marketing and brand development officer and Shelley Liebsch as senior vice president and chief merchandising officer. Together, […]

2017 was not the best financial year for the Prada Group, with its main brand lagging in growth and digital relevance. Its prices were expensive, too, with little entry price points for the consumer who can’t afford its high-end, high price accessories. But a lot can happen in a year. This week Prada […]

After taking its website down on Wednesday, House of Fraser has now announced that due to delays in delivering online orders, it has decided to cancel all orders and refund the customers. The action was taken after its warehouse operator XPO Logistics stopped processing orders late last week due to […]

Troubled British department store chain Debenhams continues to reduce headcount as a part of its restructuring exercise. Media reports reveal that as many as 90 positions from the company’s home and fashion team are on the verge of getting terminated. Commenting on the development, Debenhams spokesperson […]