Italian luxury group Prada said Thursday its decision to stop offering end-of-season discounts at its stores had helped boost its performance, as it posted a sharp rise in net income. "Our strategic decision to stop seasonal markdowns and to rationalize the wholesale channel has been well received by […]

For its second quarter, HanesBrands reported net sales increase of 3 percent to 1.76 billion dollars, while in constant currency, net sales increased 5 percent. The company said, second-quarter GAAP operating profit increased 6 percent to 234 million dollars, while adjusted operating profit increased […]

Hanesbrands reported its net profit for Q2 increased on Thursday. Revenues grew by 3 percent from the same period last year. For Q2, the company's net profit was 153.9 million dollars, grew from 140.6 million dollars last year. Revenues increased to 1,761 million dollars. Hanesbrands Inc. (NYSE: HBI) […]

Crocs, Inc. has announced that revenues for the second quarter were 358.9 million dollars, up 9.4 percent or 12.5 percent on a constant currency basis. The company said, store closures reduced revenues by approximately 6 million dollars, while wholesale revenues grew 9.4 percent, e-commerce revenues […]

German online shoe retailer Mybudapester.com is expanding and is starting its move into the Asian market with four employees and its own office in Beijing. With its presence in China, the retailer wants to advance its business in Asia's booming luxury market. The next step will be the launch of an online […]

Wacoal International Corporation has confirmed that it acquiring digitally native and size-inclusive lingerie brand, Lively, founded by Victoria's Secret alum, Michelle Cordeiro Grant. Lively, part of Intimates Online, Inc., is headquartered in New York with two retail stores in New York and Chicago, […]

In the second quarter, Hugo Boss increased currency-adjusted sales by 2 percent and 3 percent in reporting currency to 675 million euros (745.8 million dollars). Operating profit (EBIT) increased by 3 percent to 76 million euros (84 million dollars). While on the basis of the half-year results, the […]

New York - In the past few years, the sale of the pre-owned luxury goods have been increasing very rapidly, mainly driven by the new generations of consumers and a dismissing stigma associated with the consumption of the second-hand luxury. The global luxury resale market has increased at a significant […]

New York – Blackstone, the world’s biggest private equity firm has acquired about 6 percent stake in India’s Future Lifestyle Fashion, the flagship fashion business of Kishore Biyani-owned Future Group, for about Rs 545 crore (circa 80 million dollars.) As reported by the ‘Economic Times’ earlier this […]

New York – Unusually long and cold season has dampen down demand for apparel, furniture and other goods in Japan, according to market insiders. Sources quoted by Bloomberg point out that the unseasonal weather is taking an effect on sales. Case in point, a spokesperson for Shimamura Co., a chain of […]

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