Mango reported its sales for the year increased 13 per cent to GBP 656.7m in 2002. The company, which generates 72 per cent of its total turnover outside homeland Spain, entered seven new markets in the year. The chain started trading in Australia, Bulgaria, China, Croatia, Ecuador, Moldova and Tunisia. […]

Italian luxury goods company Gucci Group NV, reported a 0.8 per cent decline in sales to GBP 1.7bn in the year ended January 31st. Net profit dropped 27 per cent from GBP 215.9m to GBP 156.7m. The Gucci division mostly caused the fall, where sales slid 9.6 per cent. European sales for the Gucci division […]

British fashion retailer Next reported a sales increase of 18 per cent to GBP 2.2m in the year ended 1 February 2003. The Next Directory catalogue business had a particularly good year with sales jumped by 30 per cent to GBP 471.7m while Next Retail recorded a 16 per cent rise in sales to GBP 1.58m. […]

Jones Apparel Group, in the midst of a licensing battle with Polo Ralph Lauren, has held preliminary discussions to acquire Polo rival Tommy Hilfiger. No deal is imminent, and only informal discussions have taken place between the chief executives of the two companies The Wall Street Journal reported. […]

London-based fashion group Ted Baker not only report a surge in profits this week, but it is also eyeing an expansion strategy which involves taking its brand to Australia and New Zealand. The urban brand, which operates almost two dozen stores and over 40 concessions in the UK said that retail sales […]

Swedish IC Companys, the company behind Jackpot and Inwear, has bought the Tiger Group ("Tiger") for an undisclosed sum. Tiger is the dominant brand within young and trendy ready-made clothing in its segment in Sweden. The brand is also marketed in Norway, Denmark and the United Kingdom, primarily in […]

Troubled US retailer Kmart Corporation announced a net loss of USD 1.1bn for the fourth quarter ended January 29, compared with a net loss of USD 1.65bn the year before. Sales for Q4 fell 18.5% to USD 8.87bn on year. For fiscal 2002, Kmart announced a net loss of USD 3.22bn, compared with a loss of […]

Popular Swedish fashion retailer Hennes & Mauritz reported better-than-expected first-quarter profits this week, lifted in part by fewer price cuts on its clothing. The retailer reported a net profit for the quarter ended February 28 of nearly SEK 1.1 billion (GBP 82 million) up from SEK 767.2 million […]

British fashion group Ted Baker plc saw its sales climb 13 per cent to GBP 70.2m for the financial year ended 26 January 2003. The company's pre-tax profit amounted to GBP 9.5m. The company said these results were better than expected and that the cause for this is the new flagship store in London's […]

In an interview with weekly SonntagsZeitung, chief executive Daniel Reinhard of Charles Vögele said that the clothing retailer plans to divest or close some shops in Germany as well as the Netherlands. The boss of the Swiss company said that in Holland, 10 shops are affected this year, in Germany […]