Ross Stores Inc. announced on Tuesday a two-for-one split of its common stock. The split will be paid in the form of a stock dividend on June 11 to shareholders of record on April 22. The discount apparel retailer nods thus to its smaller investors by the time it capitalizes on positive sentiment. "Our […]

Turkish company Eroglu Holding reportedly paid a total of 21 million euros for the restarted Dutch fashion label Mexx, a fraction of the price paid for the label when its founder Rattan Chadha first sold it off to American firm Liz Claiborne for 430 million dollars. The Turkish textile and retail company […]

ANALYSISIn a pioneer attempt to regain control on its pricing worldwide and better handling the demand for its timeless bags, Chanel has announced that the prices will go up in Europe, and down in Asia. As advanced the Paris-based fashion powerhouse, these changes in price will affect the 11.12, the […]

REPORT Sales revenues in the first quarter of 2014/15 declined by 7 percent at Ahlers. The company has attributed the decline to delayed and reduced deliveries to Russia and Ukraine and early deliveries in the previous year. The drop in sales revenues led to a 29 percent reduction in consolidated net […]

REPORT Hennes & Mauritz (H&M) in the first quarter from December 1, 2014 to February 28, 2015 reported rise in sales including VAT in local currencies by 15 percent. Converted into SEK, sales excluding VAT amounted to 40, 276 million Swedish krona (4,724.7 million dollars), an increase of 25 percent. […]

Sri Lankan textile and garment exports increased in 2014 by 9.4 percent, reaching a volume of 4.929 billion US dollars, compared to 4.508 billion US dollars in 2013. This is according to recent data released from the Economics Research Department of the Central Bank of Sri Lanka. The textile and garment […]

REPORT Swiss fashion retailer, Charles Vögele made further progress last year in its turnaround amid challenging market environment. Following a good performance in the first half of 2014, during which the company managed to end the negative sales trend, the markets turned in September and declined […]

Accessories, jewellery and watch brand Bulgari is set to grow by two digits in the coming months, as advanced by the luxury label’s chief executive Jean-Christophe Babin. To achieve this level of growth, the French house will surpass the 300 boutiques in 2015. "We had a very good beginning of the year, […]

ANALYSISBritish apparel retailer Next plc has reported full year sales of more than 4 billion pounds for the first time. "The continued success of Next is built on the hard work and dedication of our management team and all the people who work for Next,” said the company’s chairman. Next has reported […]

Spanish fashion brand Desigual is fastly approaching the coveted 1 billion euros sales mark. Full-year turnover came in at 963.5 million euros, up 16.2 percent. The result is in line with the strategic plan accomplished by the company, which aims to double its size within five years. Earnings before […]

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