BlueGem Capital Partners has sold The DMC Group, which comprises of leading European needlecraft brands, including DMC, Wool and the Gang and Sirdar, to Lion Capital LLP. BlueGem formed The DMC Group in August 2016 as a consolidation platform for complementary needlecraft brands, following the acquisition […]

Klarna, Europe’s leading payments provider and a newly-licensed bank, has announced that it is partnering with Canadian instant financing provider, PayBright to allow global retailers to offer an instalment payment method for Canadian consumers. The partnership will give Klarna’s 100,000 global retailers […]

February 2019 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, increased by 3 percent year on year while total sales including online sales also increased by 3 percent. The company said in a statement that February same-stores sales rose year on year due to […]

Geox S.p.A., said in a statement that consolidated sales in 2018 amounted to 827.2 million euros (939.8 million dollars), down 6.5 percent or 5.5 percent at constant forex. The company added that 2 percent sales increase was recorded in the last quarter of the year, driven by the 12 percent sales increase […]

For its fourth quarter to February 2, 2019, Foot Locker, Inc. reported net income of 158 million dollars or 1.39 cents per share compared to a net loss of 49 million dollars or 40 cents per share, for the 14 weeks of fiscal 2017. On a non-GAAP basis, the company said, it earned 1.56 cents per share, […]

Amazon doesn't want any frauds. The global retailer has announced plans for Project Zero, a new program that will help them counteract one of their biggest criticisms: counterfeits. The news was reported by Business Insider. The name of the project derives from Amazon's goal to get the number of counterfeits […]

Paris-based fashion, music and lifestyle brand Maison Kitsuné has announced a joint venture with JoeOne in China, as it looks to expand its global reach and add 50 points of sales in the next five years in the region. The news follows the multi-faceted Paris-meets-Tokyo brand’s strategic announcement […]

The Calida Group recorded consolidated net sales increase in the reporting year of 7.6 percent from to 409.5 million Swiss francs (410 million dollars), while adjusted for exchange rate effects, the increase came to 4.1 percent. Net income increased 5.3 percent on the prior year to 17.8 million Swiss […]

Along with its results for the fourth quarter and fiscal 2018, Gap Inc. announced plans to separate into two publicly traded companies: Old Navy, and a yet-to-be-named company, which will consist Gap brand, Athleta, Banana Republic, Intermix and Hill City. The company also announced that as a part of […]

Wall Street Journal has reported that Gap Inc., the parent company of Gap, Banana Republic, Athleta, and Intermix, will be splitting into two publicly traded companies. The companies will now be split into Old Navy and a yet-to-be-named company, which will consist of Gap, Athleta, Banana Republic, Intermix […]

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