REPORT The TJX Companies’ net sales for the second quarter of fiscal 2016 increased 6 percent to 7.4 billion dollars and consolidated comparable store sales increased 6 percent over last year's 3 percent increase. Net income for the second quarter was 549 million dollars and diluted earnings per share […]

Style website Who What Wear, founded by former Elle magazine editors Katherine Power and Hillary Kerr, has raised eight million dollars in venture funding from a number of investors which includes Amazon. The website, which is known for its shoppable fashion content, attracts more than 3.8 million […]

REPORT American Apparel, for its second quarter ended June 30, 2015 reported that net sales decreased 17.2 percent to 134.4 million dollars from 162.4 million dollars for the same period in 2014. Excluding the year over year impact from foreign exchange and stores closed in 2014, net sales decreased […]

REPORT Urban Outfitters announced net income of 67 million dollars and 100 million dollars for the three and six months ended July 31, 2015, respectively. Earnings per diluted share were 0.52 dollar and 0.76 dollar for the three and six months, respectively. Total company net sales increased 7 percent […]

Liberty Interactive, the owner of cable TV shopping group QVC, said Monday it would take over US women's fashion website Zulily for about 2.4 billion dollar. Liberty said Zulily, known for its flash sales of popular women's and children's brands, "fits perfectly" with QVC, which also sells a wide range […]

More than 80 percent of British retailers are unaware of the upcoming P272 energy legislations, which will change how energy is measured and charge for many large and small businesses across the UK. According to a new survey by Npower, 81 percent of British retailers had not heard of P272, which mandates […]

REPORT The H&M Group’s sales including VAT increased by 16 percent in local currencies in July 2015 compared to the same month, the previous year. The total number of stores amounted to 3,649 on July 31, 2015 against 3,314 on July 31, 2014. Percentage sales development for the month of August and total […]

Despite neither Victoria Beckham, nor LVMH has said a word other than “not now” about the rumoured entry of the largest luxury group in the British designer’s eponymous label, several market insiders point out that the ex-Spice Girl might be certainly mulling new financial partners. As reported by the […]

REPORT The combined net sales for the second quarter at Restoque reached 388.8 million Brazilian real (111.6 million dollars), 1.4 percent growth in relation to the same quarter in 2014. The combined net sales in the first semester of 2015 reached 773.8 million Brazilian real (222.1 million dollars), […]

ME+EM, a British fashion label which counts the Duchess of Cambridge as a loyal fan, has received an undisclosed investment from a consortium of backers including the Carphone Warehouse founder. As reported by the ‘Telegraph’ over the weekend, Sir Charles Dunstone and two venture capital firms have […]

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