Dr Martens owner and private equity firm Permira is reportedly planning to sell the British heritage footwear brand or float it on the US stock market. According to Sky News, Permira is preparing to hire bankers to oversee a review of its options for the company just six years after it bought it from […]

Bellroy, a digitally-native leather goods company from Australia looking to expand in the US market, has received a strategic investment from New York-based growth equity firm Silas Capital. The companies did not disclose the amount invested. Founded in 2010 and best known for its minimalist wallets, […]

Mike Ashley’s Sports Direct has threatened Debenhams’ administrators with legal action after the department store fell into administration last week, wiping out Ashley’s near 30 percent stake in the company. Earlier this week, Debenhams appointed joint administrators from FTI Consulting, who immediately […]

Lush is “tired of fighting with algorithms”. The British cosmetics retailer announced on Facebook, Twitter and Instagram that it prefers to leave social media platforms entirely than to pay for posts to appear on followers’ newsfeeds. “Increasingly, social media is making it harder and harder for us […]

New York – The last Optimove Retail Pulse reveals that fashion retailers globally saw a 37 percent year-on-year increase in mobile shopping (2017 vs 2018.) In December 2018 alone, fashion merchants enjoyed a 55 percent YoY increase of mobile orders. Equally on the rise is are average order values for […]

ANALYSIS New York – On Wednesday Asos reported an 87 percent fall in first-half pretax profit. Despite the adverse figures, the British retailer stuck to its guidance for sales, profit margins and capital expenditure for the full year, boosting its shares. The online fashion retailer blamed the weak […]

Comparable store net sales at the Buckle, Inc., for the 5-week period ended April 6, 2019 increased 0.5 percent, while net sales for the month under review, remained flat at 82.3 million dollars compared to the same month last year. The company said in a statement that comparable store net sales year-to-date […]

The Cato Corporation, for five weeks ended April 6, 2019 reported revenues of 87.4 million, a 10 percent decrease from the five week period last year. The company’s same-store sales for the month decreased 7 percent. "March sales were negatively impacted by the shift of Easter from March last year to […]

Omni-channel fast fashion brand Quiz has announced that group's revenue increased by 12 percent to 130.9 million pounds (171.2 million dollars) during the financial year ended March 31, 2019. The company said in a statement that it continues to anticipate that the group's EBITDA will be approximately […]

Fast Retailing Group has reported 6.8 percent rise in its first half revenues to 1.2676 trillion yen, while operating profit of 172.9 billion yen (1.56 billion dollars), increased 1.4 percent, and pre-tax profit rose 5.5 percent to 174.2 billion yen (1.57 billion dollars). The company said in a statement […]

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