In the first quarter, Hugo Boss increased currency-adjusted sales by 1 percent and 2 percent in reporting currency to 664 million euros (744 million dollars). However, the company said that in the Americas, the challenging US market and the ambitious comparison base of the prior year in particular led […]

In the first quarter, Hugo Boss increased currency-adjusted sales by 1 percent and 2 percent in reporting currency to 664 million euros (744 million dollars). However, the company said that in the Americas, the challenging US market and the ambitious comparison base of the prior year in particular led […]

VF Corporation’s board of directors have finally approved the previously announced separation of denim brands Wrangler and Lee from the company, forming a new business called Kontoor Brands. The separation will be achieved through the distribution of 100 percent of the shares of Kontoor Brands to holders […]

Chinese e-commerce giant Alibaba has settled a lawsuit over securities fraud with its shareholders. The company will pay 250 million dollars to end the lawsuit, which alleges that Alibaba failed to disclose to its shareholders threats from counterfeiting ahead of its 2014 initial public offering. Investors […]

PVH Corp, the company behind brands Tommy Hilfiger, Calvin Klein, Van Heusen and Speedo, among others, has entered into a licensing agreement with Nike for the design, sourcing, marketing and distribution of Nike-branded men’s underwear. “We are incredibly proud to be working with NIKE, as this is an […]

Sonia Rykiel, the French fashion house known for its brightly colored striped woollen outfits, is seeking a buyer, according to French newspaper Le Figaro citing a source familiar with the matter. The company, which was acquired in 2012 by First Heritage Brands, has been placed into administration while […]

According to research conducted by MIT Technology Review, more than 80 percent of managers believe that artificial intelligence can facilitate company growth. On one hand, it reduces human mistakes which are integral to the business process, whereas on the other, creates an opportunity for companies […]

Carter’s, Inc., for its first quarter said net sales decreased 14.7 million dollars or 1.9 percent to 741.1 million dollars, driven by declines in the company’s US retail and US wholesale segments and changes in foreign currency exchange rates adversely affected consolidated net sales by 3 million dollars […]

Despite sales at Esprit falling 11.6 percent to 3.156 billion Hong Kong dollars (402.3 million US dollars) for the first three months of the year, the company remained optimistic about its ongoing restructuring plan. The company said in its third quarter update that the large drop in sales was to be […]

Net sales at online giant Amazon increased 17 percent to 59.7 billion dollars (46.1 billion pounds) in the first quarter of 2019, compared to the same period last year. Net income at the company grew from 1.6 billion dollars (1.24 billion pounds) to 3.6 billion dollars (2.79 billion pounds). Amazon […]

Related news

 

MORE NEWS

 

Latest jobs

 

MOST READ