Tokyo-listed Mitsui & Co, one of Japan's largest general trading companies, has invested in local apparel retailer Triple Pte Ltd, both parties announced on Tuesday. Mitsui & Co has taken a minority stake in Singapore-based Triple, an omni-channel sports and lifestyle retailer that operates brand stores, […]

Seattle-based major fashion retailer Nordstrom Inc. has sold its credit card portfolio with 2.2 billion dollars in receivables to Toronto-Dominion Bank. The latter will acquire the retailer’s US Visa and private label consumer credit card portfolio. To date, the financial terms of the deal have not […]

ANALYSIS The total value of the top 10 luxury-goods brands fell 6 percent, or 7.1 billion dollars, to 105 billion dollars, according to the the 2015 BrandZ study. The 10th Annual Brandz Top 100 Most Valuable Global Brands Ranking, released by WWP and Millward Brown, shows how due to slowing sales in […]

ANALYSISOnce a market darling, Michael Kors skidded on the trading floor Wednesday, dropping a painful 23 percent after the company reported fourth-quarter results with weak guidance. Michael Kors Holdings (NASDAQ:KORS) shares reached a new 52-week low during mid-day trading on Tuesday after Deutsche […]

REPORT For the thirteen weeks ended May 2, 2015, Chico’s reported adjusted net income of 41.8 million dollars compared to net income of 39.9 million dollars, same quarter ended May 3, 2014. Adjusted earnings per diluted share were 0.28 dollars compared to 0.26 dollars in last year's first quarter. Net […]

REPORT For the first quarter, Brown Shoe Company reported net sales of 602.3 million dollars up 1.9 percent versus first quarter 2014 net sales of 591.2 million dollars. Net earnings of 19.3 million dollars, or 0.44 dollars per diluted share, were up 24.8 percent against 15.4 million dollars, or 0.35 […]

REPORT Michael Kors Holdings for the fourth quarter ended March 28, 2015 reported total revenue increase of 17.8 percent to 1.1 billion dollars from 917.5 million dollars in the fourth quarter of fiscal 2014. On a constant currency basis, total revenue increased 23.3 percent. Total revenue for the year […]

British online fashion retailer Boohoo.com has awarded its chief financial officer Neil Catto 1.6 million share options worth 400,000 pounds, after his previous options plummeted following a drop in the e-tailer’s share price. Boohoo granted 11.2 million of ordinary shares, at an exercised price of […]

REPORT Consolidated net revenues at Prada for the period ended January 31, 2015, totaled 3,551.7 million euros (3,875.9 million dollars), slightly down on 2013. Wholesale channel sales decreased 3.4 percent or below 4.7 percent at constant exchange rates. The decline was owing to its performance in […]

Online giant Amazon has begun to pay corporate tax on British sales in the UK instead of Luxembourg, following chancellor George Osborne’s new diverted profits tax coming into effect last month. Also known as the ‘Google tax,’ the new tax was announced by the government last autumn and is aimed at multinational […]