New York - Finnish department store and fashion chain group Stockmann Oyj Abp has announced its Chief Executive Lauri Veijalainen will leave the company at the end of the month. Stockmann said it would immediately start a search for a new CEO, while chairman Lauri Ratia would take on an executive role […]

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 […]

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 […]

Mike Ashley’s Sports Direct has offered to buy Debenhams’ Danish business, Magasin Du Nord, for 100 million pounds. The move comes as part of Ashley’s ongoing takeover bid for the struggling UK department store. In a statement released by Sports Direct on Friday, the company also reaffirmed the 150 […]

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 […]

RTW Retailwinds, Inc., formerly known as New York & Company, Inc. reported net sales of 247.3 million dollars compared to 278.7 million dollars in the prior year, reflecting a reduction in comparable store sales, a reduction in store count by 36 closed stores, and the impact of the 53-week year in the […]

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 […]

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 […]

Mike Ashley’s Sports Direct released a new statement on Thursday requesting a meeting of shareholders at Debenhams in a bid to appoint Ashley to the company’s board. The statement also requested that all current members of the Debenhams board, apart from Rachel Osborne, be removed, and comes as part […]

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 […]

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