REPORT Net sales for the first quarter of fiscal 2016 at the TJX Companies increased 6 percent to 6.9 billion dollars, and consolidated comparable store sales increased 5 percent. Net income for the first quarter was 475 million dollars, and diluted earnings per share were 0.69 dollars, an 8 percent […]

London - Although Chinese e-commerce giant Alibaba is no stranger to being accusations concerning counterfeiting, the company has stepped forward and denounced a lawsuit filed last week by luxury conglomerate Kering, which claimed the Internet titan was encouraging and profiting from the sale of falsified […]

Ascena Retail Group (ASNA) has acquired Ann Inc. (ANN), owner of the Ann Taylor and Loft brands and retail stores, for about 2.16 billion dollars. The deal is expected to be finalised in the second half of this year and will be financed through bank debt. Ascena announced it will acquire Ann for 47 […]

REPORT Urban Outfitters announced a net income of 33 million dollars for the three months ended April 30, 2015 and earnings per diluted share of 0.25 dollars. Total company net sales for the first quarter increased 8 percent over the same quarter last year to 739 million dollars. Comparable retail segment […]

New York favourite handbags maker Kate Spade and Everpurse, a Chicago start up that makes handbags capable of charging your phone, have signed a deal to develop a line of tech-friendly bags. Everpurse was able to raise more than 230,000 dollars in 2012 via Kickstarter for its first line of phone charging […]

Marc Bolland's turnaround plans for British department store group Marks & Spencer appeared to have finally paid off, as the group is predicted to report its first increase in full-year profit later this week. The group is expected to announce a 4 percent increase in underlying annual pre-tax profits […]

REPORT Kohl’s Corporation (NYSE:KSS). Kohl’s Corporation today reported results for the quarter ended May 2, 2015. Total sales for the quarter stood at 4,123 million dollars compared to 4,070 million dollars, same quarter, last year representing a rise of 1.4 percent. Comparable store sales increased […]

Following months of speculation, British high street retailer New Look has finally found a new owner and has been acquired by South African billionaire Christo Wiese in a deal which values the fashion label at 1.9 billion pounds, including debts. Brait, the private equity vehicle owned by Wiese, has […]

Spanish manufacturer of stretch fabrics Dogi increased sales by 23.3 percent during the first three months of this year, to 10.9 million euros. Additionally, the company has reduced losses during the quarter substantially. The company, now fully financially backed by Sherpa Capital, recorded losses […]

REPORT Gildan today reported net earnings of 56 million dollars or 0.23 dollar per share on a diluted basis for the three months ended April 5, 2015, compared with net earnings of 79.2 million dollars or 0.32 dollar per share in the corresponding quarter last year. Before reflecting minor restructuring […]

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