British luxury marque Burberry said revenues for the first half rose 4 percent to GBP 1.396 billion (USD 1.74 billion), with Asia Pacific sales up double digits for the 26-week period, despite a slowd…
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Tapestry sales flat on luxury slowdown with fellow American Capri far worse off
U.S. luxury giants Tapestry and Capri Holdings have announced their respective sales updates for quarter ending September 30, with the two New York firms hit by the global luxury slowdown taking effec…
Shein acquires Missguided, forms new JV with Nitin Passi
Chinese fast-fashion brand Shein has announced the acquisition of Missguided, a UK fast-fashion women’s brand, from Frasers Group, as the online retailer looks to expand its global product offer…
Fast Retailing posts 20 percent growth on strong Uniqlo sales, scales back China retail rollout
Japan’s Fast Retailing said net profit for the 12 months ended August 31 grew by 8.4 percent, for a total of JPY 296.2 billion yen (USD 2 billion), on the back of double-digit sales growth globa…
Wolverine sells Hush Puppies Greater China intellectual property to Beijing Jiaman Dress
Wolverine World Wide Inc. has sold its Hush Puppies intellectual property in China, Hong Kong, and Macau, to Beijing Jiaman Dress Co., the latest move in the U.S. firm’s ongoing transformation o…
PVH Q2 sales up on Calvin Klein, Tommy Hilfiger international sales, China soars
PVH Corp. recorded a revenue increase of 4 percent to USD 2.207 billion for the second quarter, on the back of strong growth in the American fashion giant’s Asia Pacific region, especially China…
F J Benjamin annual sales lift 7 percent of post-Covid recovery
F J Benjamin Holdings said revenues rose 7 percent to USD 86.5 million for the full-year 2023, with the fashion and lifestyle retailer citing a post-Covid-19 economic recovery which lifted sales in it…
Asia boosts Guess’ international business with 19 percent sales uptick
U.S. fashion and accessories brand Guess Inc. reported net revenues of USD 664.5 million for the second quarter, up 3 percent, on the back of surging revenues across its international business, especi…
Farfetch GMV inches forward on digital platform revenues, China GMV continues to decline
Farfetch Group reported a GMV increase of 1.2 percent in second quarter to USD 1.03 billion, on the back of a mid-single-digit growth in digital platform revenues and a lift in marketplace orders.…
North American luxury fashion firms get Q1 sales boost from Asia region
North American luxury fashion firms Ralph Lauren, Canada Goose, and Capri Holdings reported a mixed bag of results for the first quarter 2024, with all three companies, however, noting strong growth i…