At the same time as the deployment of online shopping, Hermès is considering necessary technology adaptations to sell on internet capable “smart phones”. “The technology is developing very quickly. We must take advantage," explained Charles Henri Leroy, director of client relations.
T-shirt maker Gildan Activewear Inc expects Asian markets to account for 45 percent of global sales within three years versus about 5 percent now thanks to solid demand from China, an executive said on Friday 24 April.
The textile and sports equipment group Lafuma announced on Tuesday 21 April a slight increase in its turnover for the first half (to the end of March) of the 2008/2009 fiscal year, and its intention to increase its capital by around €10 million.
Switzerland's trade surplus was cut by over 27 percent in the first quarter due in part to a boom in imports of gold ornaments from Asia that are being melted down and made into bullion, data showed Thursday 23 April.
Shoe company Deckers Outdoor Corp posted better-than-expected first-quarter results, helped by strength in its UGG brand, but it forecast a second-quarter loss, sending its shares down more than 7 percent.
Shoe maker Wolverine World Wide Inc posted a first-quarter profit that beat market expectations, as strong sales at key brands and lower operating expenses helped offset some of the hit from unfavorable foreign exchange rates.
British fashion retailer Alexon Group Plc posted a 79% fall in its full-year adjusted pretax profit mainly on lower margins and a poor performance at its Bay Trading brand, and said that it would not pay a final dividend.
Bought by Estée Lauder Companies in 1999, followed by Sun Capital Partners in 2006, the cosmetics brand Stila has now been acquired by private equity firms Patriarch Partners. Is this a new start for the beauty label?