The Cato Corporation has reported sales of 77.3 million dollars for the four weeks ended June 2, 2018, a 4 percent increase from sales of 74.2 million dollars for the same period ended May 27, 2017. Same-store sales increased 9 percent. "May same-store stores significantly exceeded our expectations. […]

British lifestyle brand Joules, in its trading update covering the 52-week period to May 27, 2018 said that group revenues increased by 18.4 percent or 18.8 percent on constant currency basis, year on year to 185.9 million pounds (249.6 million dollars), as the group’s strong momentum throughout the […]

Ralph Lauren Corporation announcing its strategic growth plan, “Writing Our Next Great Chapter,” said that it is to deliver sustainable long-term growth and value creation. The company also revealed its long-term financial outlook and raised its dividend by 25 percent to 0.625 dollar. Commenting on […]

Following its first round of funding, led by newly founded Imaginary Ventures, Heist has announced that it as secured a further 4.4 million dollars of funding as it continues on its journey to create better bodywear. New contributors joining Imaginary Venture’s Natalie Massenet, founder of Net-A-Porter, […]

Mohair South Africa (MSA), the organization that represents the South African mohair industry, has issued a “final statement” regarding the claims of animal abuse made by PETA last month. The animal rights organization released an undercover video which shows workers dragging goats by their horns and […]

ANALYSIS House of Fraser rescue plan includes a CVA proposal to shut 31 stores across the UK and Ireland, which would see up to 6,000 jobs being lost. The struggling department store group, who opened its first store in Glasgow in 1849, stressed that it did "not have a viable future" unless its CVA […]

Vera Bradley, Inc., for the fiscal first quarter ended May 5, 2018 reported net revenues of 86.6 million dollars compared to 96.1 million dollars for the prior year first quarter ended April 29, 2017. The company said, revenues were in line with the company’s guidance range of 84 million to 89 million […]

Luxury modest fashion website has secured 15 million US dollars (approximately 11 million pounds) during a funding round led by Vaultier7, both companies informed in a statement. Founded in 2017 by Ghizlan Guenez and a team of Net-a-Porter veterans, The Modist sells 125 brands and its own private label, […]

L Brands, Inc. reported net sales increased 10 percent to 851.9 million dollars for the four weeks ended June 2, 2018, compared to 774.3 million dollars for the four weeks ended May 27, 2017. Comparable sales for the period increased 5 percent compared to the same period last year. The company reported […]

Brussels - In retaliation for US President Donald Trump’s safeguard measures imposed on steel and aluminium imports from the EU to the United States, the European Commission took steps to neutralize these measures. As of 20 June 2018 it will be increasing taxes up to 25 percent on US products, including […]

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