Next has been facing tough times and its annual results on Friday illustrated that very clearly. It expects those tough times to continue but total sales for the current financial year are predicted to rise 1%.
Hong Kong’s Li & Fung Ltd , which supplies clothing and other products to retailers worldwide, said on Thursday its 2017 profit rose 6.5% amid growth in its supply chain solutions and logistics businesses.
On the occasion of Baselworld, which runs March 22-27 in Basel, Switzeland, Tissot is presenting six timepieces celebrating major National Basketball Association teams that combine elegance and the spirit of sports.
The luxury leather goods brand announced the opening of a new production site in France this October, a third for the firm, adding it will bow its first US store in New York this year.
Kidpik girls apparel and footwear subscription box has expanded its sizing. The company has added clothing in girls size 16 and shoes in size 6 to its standard sizes to extend the service from girls to tweens.
G-III Apparel ended the year with double-digit growth, following a standout sales year with net sales of $2.81 billion, up 17.6 percent.
Nike Inc's quarterly revenue and profit beat analysts' estimates on Thursday, helped by robust demand in its international markets and initiatives such as selling directly to customers.
Kenneth Cole has entered into a four-year licensing deal with UK-based GBG Europe Footwear and Accessories Limited to distribute men's and women's footwear, and manufacture and distribute women's handbags in EMEA.
Italian group Calzedonia has posted its financial results for 2017, revealing an increase in sales and revenue supported by its international business.
American entrepreneur Gary Vaynerchuck has joined the advisory board of Dutch company Juramy, the parent company of fashion label Balr., which is one of the fastest-growing fashion companies in the Netherlands.
Italian luxury brand Ferragamo has reported a stellar 30.5% surge in sales in the UK in 2017, helped by an increase in the number of tourists visiting London as a result of the pound’s decline.
Hudson’s Bay’s Kaufhof unit is set to report another loss of more than 100 million euros ($123 million) for the fiscal year that ended on Jan. 31, a German magazine reported on Thursday.
Cosmetics giant L'Oréal announced a new deal with Armani, renewing the licence for the development and distribution of the luxury label's fragrance, skincare and make-up products until 2050.
Boots has taken M&S’s crown as the favourite UK retail brand among women with M&S not even dropping to second place as John Lewis is in the 'silver medal' position.
Ted Baker's comp sales edged down in 2017 but an e-tail surge more than made up for that. And growth continued across the UK, Europe and North America, although recent snowstorms have dented the new year's trading.