REPORT Zumiez, for the second quarter ended August 1, 2015 reported total net sales rise of 1.8 percent to 179.8 million dollars from 176.7 million dollars in the quarter ended August 2, 2014. This comparison includes the negative impact of foreign currency translation in the quarter of approximately […]

REPORT Cherokee Global Brands reported decline in revenue of approximately 3 percent to 8.5 million dollars for the second quarter Fiscal 2016 ended August 1, 2015. compared with 8.8 million dollars in the prior-year period. The company has attributed the decrease in revenues to the increased strength […]

Hercules Unit Trust (HUT), the trust that is advised by real estate company British land and invests in retail warehouses and shopping centres in the United Kingdom, has invested 80 million pounds to extend all four of its shopping park assets. With their investment, HUT created one thousand new retail […]

REPORT Lululemon Athletica for the second quarter ended August 2, 2015 said that its net revenue for the quarter increased 16 percent to 453 million dollars from 390.7 million dollars in the second quarter of fiscal 2014. Total comparable sales, which includes comparable store sales and direct to consumer, […]

“Our guidance reflects solid double-digit growth expectations for sales, profit and EPS over 2014 results,” Hanes Chairman and Chief Executive Officer Richard A. Noll said. “We continue to track to our expectations for the year and the underlying assumptions for our full-year guidance remain in place,” […]

Californian surfwear retailer Quiksilver Inc. has put its US business into bankruptcy Wednesday as part of the deal with newly announced owner, Oaktree Capital Management. “After careful consideration, we have taken this difficult but necessary step to secure a bright future for Quiksilver,” said Pierre […]

REPORT Total Next Group sales franchise sales were up 2.7 percent. Profit before tax was up 7.1 percent and earnings per share (EPS) were up 8 percent, boosted by share buybacks last year. The company has declared an interim dividend of 53p, an increase of 6 percent. Full price Next Brand sales for […]

Ahead of its investor meetings and investor conference webcast today at the Goldman Sachs Global Retailing Conference in New York, HanesBrands has reaffirmed its 2015 financial guidance issued on July 30, 2015, with second-quarter results. The company expects net sales to be slightly less than 5.9 billion […]

Chinese online giant Alibaba on Wednesday set up a new company to focus on professional sports, it said in a statement, as it seeks new business areas beyond e-commerce. Alibaba Sports Group, majority owned by Alibaba Group, will use its parent's e-commerce ecosystem to participate in businesses such […]

Vente-Privee, the European leader in flash sales, has bought a majority stake of 50.1 percent in rival flash sales site Vente-exclusive, which is established in Belgium, the Netherlands and Luxembourg. The Belgium shareholders will retain 49.9 percent and will merge its management team into Vente-Privee’s, […]