The American online retailer has raised 165 million dollars in growth capital in order to pursue expansion plans, particularly in Asia, through the Chinese investor Adrian Cheng and private equity firm Apax Digital.
American Eagle Outfitters Inc on Wednesday joined other U.S. apparel makers in forecasting strong earnings for the key holiday selling season but said it expected lower profit margins compared with a year earlier.
During a conference call last Thursday on the group's quarterly results, CEO Emanuel Chirico expressed optimism about PVH's growth and that the company is hunting for a third brand to beef up its portfolio.
Hudson’s Bay Co on Wednesday reported a wider-than expected quarterly loss, missing analysts estimates amid lower retail sales, as the Canadian department store operator battled with a challenging retail environment.
Fashion entrepreneur and ex-BFC chairman Harold Tillman is calling for a US Chapter 11-style bankruptcy protection system to give struggling companies the breathing space to turn their operations around.
Wolford's half-year results showed that the high-end hosiery specialist's business is stabilising and even seeing some growth, although it’s still lossmaking and markets like France and the UK are tough.
Big news on the mall front in the UK on Wednesday as property giant Hammerson is planning to merge with major rival Intu, which means the bigger group will have stakes in or ownership of 60% of the country's supermalls.
Luxe bag-maker Mulberry is slowly turning around its performance as it launches new products, boosts digital and expands in Asia, the US and Europe. But while London is buoyant, the rest of the UK has proved weak.
The cool reception suggests the $550 billion newcomer will need to trim its margins and ramp up stock selection, and eased the market’s worst fears about its potential to devastate brick-and-mortar incumbents.
US internet giant Amazon launched in Australia Tuesday in time for Christmas, with retailers scrambling to cut costs and boost their online offerings as they brace for an expected shake-up of the sector.
Activist hedge fund Marcato Capital Management said on Monday it cut the number of nominees to Deckers Outdoor Corp’s board amid a prolonged proxy fight in which Marcato is seeking major changes at the Uggs boot maker.