HanesBrands, for the quarter ended March 31, 2018, reported net sales growth of 7 percent to 1.47 billion dollars versus a guidance range of 1.42 billion to 1.44 billion dollars. The company said, GAAP diluted earnings per share for continuing operations increased 16 percent to 0.22 dollar compared […]

US luxury and lifestyle company Tapestry said on Tuesday its Q3 net profit rose. Revenues rose by 32.7 percent from the same period last year. The company’s net profit for Q3 2018 was 140 million US dollars, up from 122 million US dollars a year earlier. Revenues increased to 1320 million US dollars. […]

Net sales at Tapestry for the third quarter totalled 1.32 billion dollars, an increase of 33 percent on reported and 30 percent on a constant currency basis. The company now projects earnings per diluted share in the range of 2.57 dollars-2.60 dollars, an increase of about 19 percent to 21 percent for […]

Total sales at John Lewis for the week ending April 28, 2018, were down 0.3 percent on last year. This, the company said, is in part due to the annualising of the first May bank holiday, which was a week earlier last year. Style was up 2 percent, with womenswear and menswear both seeing sales rise […]

Mothercare has sped up its ongoing search for emergency funding to ensure it has a rescue plan in place before it releases its full-year results in May. The struggling maternitywear and babywear specialist is understood to have hired investment bank, Rothschild, to explore alternative financing options […]

London - UK sportswear retailer Sports Direct is reportedly set to gain close to 80 million pounds from a US deal, which sees its rival JD Sports acquire US athletic retailer The Finish Line Inc. Sports Direct has quietly built up a 19.3 percent stake in Finish Line according to documents. At the moment […]

London - Trading conditions remain challenging on the UK high street for fashion retailers as another brand is set to enter into administration. Style label Bench Limited has filed for the appointment of an administrator earlier this week, after failing to generate enough "liquidity" to continue. […]

Authentic Brands Group LLC (ABG), owner of a brands including Juicy Couture, Jones New York, Herve Leger, and Judith Leiber, has finalised its purchase of Nautica from VF Corporation, to mark the company’s largest brand acquisition to date. The addition of Nautica propels ABG’s portfolio to nearly 7 […]

Property investment firm New Commonwealth is putting 103 Mount Street, the home of Céline’s Mayfair flagship, up for sale, piece by piece, meaning investors could pick up a stake of “super-prime” retail estate for just 500 pounds. New Commonwealth’s business model is “opening-up property ownership to […]

Parcel delivery company DPD has announced more than 700 new jobs in the UK in response to “rapid growth” in Saturday and Sunday deliveries. In a statement, DPD states that it has created the new part-time, dedicated weekend delivery driver roles, following a 40 percent increase in weekend parcel volumes […]

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