H&M Sales Rise by 16%
H&M, considered the world's second largest retailer of fashion items, reports a sales rise of 16% for the month of July. According to the report, it is already their tenth consecutive month of enjoyin
Fashion/Clothing
Hugo Boss Is Finally Leaving Russia After the German Fashion House Agrees to Sell Russian Business to Stockmann
German fashion house Hugo Boss announced Wednesday that it had agreed to sell its Russian operations to wholesale partner Stockmann, marking the end of its presence in Russia.
FTC Sues to Block $8.5 Billion Merger of Coach and Michael Kors Handbag Makers
The Federal Trade Commission (FTC) has taken legal action to block Tapestry's $8.5 billion acquisition of Capri Holdings Limited, the parent company of Michael Kors...
FTC Sues to Block Tapestry's $8.5 Billion Takeover of Capri Holdings in Massive Luxury Fashion Merge
The Federal Trade Commission filed a lawsuit on Monday to halt Tapestry Inc.'s $8.5 billion acquisition of Capri Holdings, which would unite the Coach, Kate Spade, and Michael Kors brands...
Clothing Retailer Express to Shutter Over 100 Outlets as It Declares Bankruptcy
US multi-brand clothes retailer Express Inc. filed for Chapter 11 bankruptcy and will close over 100 stores...
Nike Set to Layoff 740 Employees in Oregon Headquarters in Second Phase of Job Cuts
Nike said in February that it will slash 2% of its global staff as par...
Lululemon Announces Closure of Washington Distribution Facility and Reduction of 128 Jobs
Lululemon announced that it will close its Washington distribution fac...
Latest News
Sephora's 'Epic Rewards" became 'Epic Returns'
If a certain product is running a great promotion, it will not be ignored by avid consumers especially if it is a well-known brand like Sephora. But what if that great promotion turned out to be a ma
Zara's parent Inditex gains 36%, founder Amancio Ortega becomes the second wealthiest man in the world
Inditex, owner of the well-known European fashion retail brand Zara earned a place in the 100 billion club while its co-founder Amancio Ortega becomes the second wealthiest man in the world. What's t
Victoria's Secret is losing $9B for casting out plus-size lingerie
Victoria's Secret, the leading lingerie brand dominating the 35% of the market is losing $9 billion opportunity for missing out plus-sized underwear in the line.
J. Crew Group Inc. Will Open Low-Priced Chain J. Crew Mercantile
After a massive guesswork, the company declared a new sensible remedy for its shoppers. The clothing line J. Crew announced the opening of a low cost shop, J. Crew Mercantile, the first in a row of th
Strong dollar hits Tiffany's quarterly sales
Luxury jeweler Tiffany & Co (TIF.N) reported a 5 percent fall in quarterly sales as a strong dollar discouraged tourists from spending in its U.S. stores and reduced the value of overseas sales.
Luxury brands hedge their bets with smartwatches
The flurry of technology deals luxury watchmakers announced this week to tackle the Apple Watch threat are more a way to hedge their bets in case the smartwatch market takes off than a strategic U-tur
Singapore fashion week offers homegrown labels a shot at global fame
Designers Victoria Beckham and Diane von Furstenberg headline Singapore's celebrity-studded fashion week in May, putting the spotlight on a new partnership with a U.S. industry group that promotes hom
Britain's fashion pack targets tech-savvy men to lift sales
Britain's leading fashion brands are hoping to give menswear sales a lift by targeting younger, digitally savvy male shoppers with live streaming and social media to promote the twice-yearly mens fash
Dick’s Sporting Goods explores going private
Dick's Sporting Goods Inc (DKS.N) is holding early-stage conversations with a handful of buyout firms about going private, according to people familiar with the matter.
