The International Apparel Federation (IAF) has signed an MoU with the Hong Kong General Chamber of Textiles (HKGCOT). The aim is to exchange knowledge on innovation, apparel markets and international business opportunities. Rahul Mehta, president of IAF, and dr. Gordon Yen, chairman of HKGCOT, signed […]

ANALYSISFrench luxury house Hermès announced Wednesday record net profits for 2014, as well as its plans to pay out an “exceptional'' dividend of 5 euros per share. Hermès saw growth mainly in Asia, despite the Chinese economy’s slowdown and the protests in Hong Kong. Hermès bagged 859 million euros […]

REPORT Oxford Industries consolidated net sales rose 10 percent to 274.5 million dollars in the fourth quarter, as compared to 250.4 million dollars in the fourth quarter of fiscal 2013. Adjusted earnings per share for the quarter rose 21 percent to 1.08 dollars, exceeding guidance and as compared to […]

London fashion week designers Peter Pilotto and partner Christopher de Vos have confirmed the sale of a minority share in their label Peter Pilotto to Megha Mittal and MH Luxe Limited, as known as the investor who acquired Escada in 2009. "We are excited to be taking this next step with Megha and MH […]

SuperGroup Plc said it is hosting a strategy update at 2PM today to provide an overview of the Group's plans to deliver "sustainable, long-term growth". The group's expected profit outcome for FY15 remains in the range 60 - 65 million pounds; in line with previous guidance. SuperGroup also announced […]

REPORT Net revenue at Lululemon Athletica, for the fiscal year increased 13 percent to 1.8 billion dollars from 1.6 billion dollars in fiscal 2013. Total comparable sales increased by 3 percent for fiscal 2014 on a constant dollar basis. For the fourth quarter ended February 1, 2015, its net revenue […]

At its Investor Day in Herzogenaurach, the Adidas Group presented its new strategic business plan until the year 2020 focusing on accelerating growth by significantly increasing brand desirability. The company expects the new strategy to spur top and bottom-line growth, with revenues projected to increase […]

REPORT Earnings per share on a non-GAAP basis at PVH Corp, increased 23 percent to 1.76 dollars, including a 0.10 dollars negative impact related to foreign currency exchange rates, in the fourth quarter. GAAP earnings per share were 0.62 dollars compared to prior year’s fourth quarter loss per share […]

REPORT American Apparel reported loss per share of 0.16 dollars compared to 0.19 dollars in the fourth quarter of 2013. Adjusted EBITDA was 10.3 million dollars compared to 0.4 million dollars in the fourth quarter of 2013. Operating expenses, excluding significant charges, decreased 10.9 million dollars […]

Francesca's Holdings Corp. gave Wednesday a weaker-than-expected earnings outlook for its current quarter and full year. For the first quarter ending in May, the retailer forecast per-share earnings of 15 cents to 18 cents on revenue of 93 million to 96 million dollars. Meanwhile, analysts polled by […]