Samsung is receiving Backlash following the announcement of a collaboration with Supreme during a conference in China. It turns out that the South Korean tech giant is not working with the cult streetwear label from New York but rather with an Italian company that uses a loophole in local law to sell […]

Net revenues at Vera Bradley totalled 97.7 million dollars for the current year third quarter ended November 3, 2018 compared to 114.1 million dollars in the prior year third quarter. The company said, revenues were at the low end of the company’s guidance range of 98 million dollars to 103 million […]

Indonesia's top e-commerce site Tokopedia said Wednesday it has raised 1.1 billion USD in funding from investors including Japanese tech giant SoftBank and Chinese online store Alibaba. The latest financing round for Tokopedia, which lets users to set up online shops and handles transactions, underscores […]

London - Theresa May is to face a vote of confidence from Tory MPs today to decide whether she will remain Prime Minister following growing uncertainty concerning her Brexit deal. Speaking outside 10 Downing Street this morning, Mrs May said: “Through good times and bad over the last two years, my passionate […]

For the first half period to October 27, Superdry Plc said, Global Brand revenue (excluding China) grew by 6.4 percent and group revenue growth was 3.1 percent, reflecting continued growth in ecommerce and wholesale channels, which offset a decline in retail store performance. This, together with increased […]

The H&M Group and Inditex are two of the world's biggest fast fashon giants. Who's growing more? In an effort to keep its market position, the Swedish chain has been updating its logistics systems to improve on lead time. However, the changes so far have only lead to a huge increase of costs of up to […]

The MySale Group Plc has said that in the second quarter, the peak trading period, the ongoing disruption caused by the legislative changes has been more acute than anticipated and there has been a negative impact on the group’s revenue and particularly gross profit. The board currently expects the […]

Inditex Group’s net sales rose by 3 percent in the first three quarters of fiscal 2018 to October 31 to 18.4 billion euros. In local currencies, the company said, sales growth was 7 percent, while like-for-like sales growth was positive in all geographies. Gross margin was 4 percent higher and reached […]

For the year to December 31, 2018, men’s, women’s and children’s footwear retailer Russell & Bromley said that the company experienced a difficult year in which turnover decreased by 6.7 million pounds to 100.6 million pounds compared to 107 million pounds last year. The company said in the filing with […]

American retailer of clothing and accessories American Eagle Outfitters said on Tuesday its Q3 revenue for 2018 rose by 5 percent. Profit increased by 32.8 percent from the same period last year. The company’s sales in Q3 2018 were 1,004 million US dollars, up from 960 million US dollars a year earlier. […]

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