VF Corporation is the latest fashion company to join the Style Industry Charter for Climate Action, a series of targets with the aim to reduce greenhouse gas emissions by 30 percent by 2030 and achieve zero emissions by 2050. Launched in December during a UN conference in Katowice, Poland, the Charter […]

For its first quarter, HanesBrands reported net sales increase of 8 percent to 1.59 billion dollars and organic sales in constant currency increase of 10 percent, the seventh consecutive quarter of constant-currency organic growth. The company said sales were fuelled by strong US activewear growth, […]

Under Armour, Inc. in its financial results statement for the first quarter ended March 31, 2019 said, revenue rose 2 percent or 3 percent currency neutral to 1.2 billion dollars. The company added that gross margin increased 100 basis points to 45.2 percent compared to the prior year, while net income […]

For its first quarter, Gildan Activewear Inc. reported GAAP diluted EPS of 11 cents, and adjusted diluted EPS of 16 cents. The company said, as expected, earnings were down for the quarter versus last year due to the impact on sales from lower levels of distributor restocking and higher raw material […]

Revenue at N Brown Group Plc declined 0.8 percent to 914.4 million pounds (1,193 million dollars) with product revenue declining 5.6 percent offset by a 10.8 percent increase in financial services revenue for the year to March 2, 2019. The company said, product revenue was 615.8 million pounds (803 […]

In the first quarter, Hugo Boss increased currency-adjusted sales by 1 percent and 2 percent in reporting currency to 664 million euros (744 million dollars). However, the company said that in the Americas, the challenging US market and the ambitious comparison base of the prior year in particular led […]

In the first quarter of 2019, Zalando reported 14.1 percent increase in active customers to 27.2 million and 29.5 percent rise in site visits to 924 million. The company’s gross merchandise volume (GMV) increased by 23.1 percent to 1.8 billion euros (2.02 billion dollars) and revenues rose by 15.2 percent […]

VF Corporation’s board of directors have finally approved the previously announced separation of denim brands Wrangler and Lee from the company, forming a new business called Kontoor Brands. The separation will be achieved through the distribution of 100 percent of the shares of Kontoor Brands to holders […]

Neiman Marcus Group announced it is considering selling MyTheresa, the German luxury e-commerce it acquired in 2014. “We’ve commenced a process to explore and evaluate strategic alternatives with respect to MyTheresa”, said the company in a US Securities & Exchange filing on Monday. However, nothing […]

British menswear brand Ben Sherman has unveiled that it will be returning to Pitti Uomo as part of a strategic European plan to support what it is calling the brand’s “rapid global expansion”. Over the last three years, Ben Sherman has seen an annual sales growth of 10 percent and the increased focus […]

Related news