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PVH Corp. inks deal with Li & Fung Limited

PVH Corp., one of the largest apparel companies in the world, has entered into agreements with Hong Kong-based Li & Fung Limited, world leader in consumer goods design, development, sourcing and logistics, for a new supply chain relationship. The agreements transform the current non-exclusive buying agency agreement between them into a new strategic partnership in connection with which Li & Fung will provide additional value-added services to PVH. The deals also provide for the cessation […]

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Francesca’s sales up 9% in Q4

US-based apparel retailer Francesca’s has reported that its fourth quarter net sales rose 9 per cent to US $ 146.3 million. Same-store sales were flat compared to the same period last year, as the increase in average transaction value offset the decrease in transactions. The apparel and accessories retailer commented that for its full fiscal 2016 year, net sales increased 11 per cent to US $ 487.2 million year over year. This increment was achieved […]

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Perry Ellis’ third quarter revenue tumbles 4.7%

US-based clothing retailer, Perry Ellis International, has announced its fourth quarter results, showing 4.7 per cent decline in total revenue from US $ 214 million last year to US $ 204 million this year.  In the reviewed quarter, company generated gross profit of US $ 78.4 million as against US $ 79.7 million in the corresponding period previous year. Operating income in this period dived from US $ 19 million from last year’s US $ […]

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Lands’ End releases its fourth quarter financial report

Lands’ End, an American clothing retailer based in Dodgeville, Wisconsin, specializing in casual clothing, luggage, and home furnishings, reported net loss of US $ 94.8 million for its fourth quarter which ended on January 27, 2017, in comparison to net loss of US $ 39.5 million during the same period last year. Adjusted net income for the quarter, excluding a previous US $ 173 million write-down of the Lands’ End trade name, was US $ 13 […]

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Walmart may use drones in stores to help customers

US retail giant Walmart has been granted a patent to use drone inside its store to help customers get products they want in their basket. It is yet to be decided when the company will actually implement this as companies often file for patents to protect ideas they’ve never used. The patent entitled ‘Method to carry an item within a retail shopping facility’ states, “In a typical application setting the flight path of the airborne […]

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PVH to acquire intimate wear e-retailer True&Co.

PVH Corp., one of the largest apparel companies in the world, has signed an agreement to acquire True&Co., a direct-to-consumer intimate apparel e-commerce retailer. This acquisition will provide PVH a platform to increase innovation, data driven-decisions and speed in the way it serves its consumers across its channels. The terms of the transaction were not disclosed. Commenting on the move, Emanuel Chirico, Chairman and Chief Executive Officer PVH Corp., said “This announcement illustrates our commitment […]

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J.Crew Group notes revenue dip in fourth quarter

J.Crew Group Inc., an omni-channel retailer of women’s, men’s and children’s apparels, shoes and accessories, has announced financial results for the fourth quarter and fiscal year ended January 28, 2017. During the quarter under review, the company’s total revenues decreased 2 per cent to US $ 695.0 million. Comparable company sales tumbled 5 per cent following a decrease of 4 per cent in the fourth quarter last year. Gross margin was 34.7 per cent compared […]

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Bebe Stores may shut all of its stores

Bebe Stores, a global specialty retailer which designs, develops and produces a distinctive line of contemporary women’s apparel and accessories, is planning to shut its brick-and-mortar business and seek a turnaround as an online brand. Currently operating 170 boutiques and outlet stores, the apparel brand is trying to close the locations without filing for bankruptcy. Bebe would become the latest apparel retailer to shed brick-and-mortar stores and hitch its fortunes to e-commerce. However, unlike many retailers, […]

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Charlotte Russe to launch next generation mobile app

Charlotte Russe Inc., an iconic fast-fashion apparel retailer, has announced its partnership with PredictSpring, a mobile commerce platform, to build a next generation app for its customers. The integration with PredictSpring’s partner, Salesforce Commerce Cloud, allowed for the rapid go-to-market of the Charlotte Russe mobile app. As part of this effort, the app was specifically designed with three key elements to meet the heightened expectations of today’s Charlotte Russe consumer – speed, flexibility, and a […]

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Nordstrom selects Infor to support POS

Nordstrom Inc., the US-based leading fashion specialty retailer, has selected Infor Rhythm for Commerce to support the company’s point-of-sale (POS) system in the cloud. With Infor, Nordstrom will be better able to engage its growing customer base and fulfil cross-channel functionality promises. “It’s crucial that we have the right technology in place today and in the future to improve our customer experience. We’re excited to move forward with Infor’s cloud-based platform as it aligns well with our current […]

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Destination XL out with its Q4 results

Destination XL Group Inc., the largest omni-channel specialty retailer of big and tall men’s apparel, has reported financial results for the fourth quarter of the fiscal year 2016. The company generated sales of US $ 122.6 million, down by 1 per cent from US $ 124 million in the corresponding period year 2015. In the reporting period, net income stood at US $ 1.8 million which was US $ 1.4 million in the fiscal 2015. […]

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Guess to close 60 stores in US; expand overseas

Fashion brand Guess has announced to close 60 under-performing stores in the USA this fiscal year, with more than 100 stores on the chopping block during the 2018 fiscal year to focus on profitability improvements. The closure announcement is made as Guess’ fourth-quarter results fell short of what the company projected. Victor Herrero, CEO, Guess commented, “We are seeing in the US market a significant drop on traffic, which is leading us on the fourth […]

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Coachella Festival sues Urban Outfitters over trademark breach

The Coachella Valley Music and Arts Festival has sued Urban Outfitters for alleged trademark infringement as Free People, a subsidiary of apparel retailer Urban Outfitters is using “Coachella” in the product name or description. These include Free People’s “Coachella Boot,” “Coachella Mini Dress,” “Coachella Pocket Tank” and “Coachella Valley Tunic”. As per the complaint, Urban Outfitters uses “Coachella” as a keyword to trigger online advertising and in the meta-data on its own website, intentionally misdirecting […]

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Walmart to acquire e-retailer ModCloth

Jet.com, a subsidiary of Walmart is all set to acquire ModCloth, a fashion brand known for its inclusive and playful perspective on fashion. The details of the deal are yet to be announced. It is assumed that company may have sealed it between US $ 50 million and US $ 75 million. Jet.com is planning to target young customers through ModCloth as it has large number of millennial shoppers from this section only. ModCloth is […]

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Dollar General’s net sale zooms in 2016

Dollar General Corporation, an American chain of variety stores headquartered in Tennessee, has announced results for its fourth quarter and fiscal year ended February 3, 2017. In the fourth quarter, net sales increased by 13.7 per cent to US $ 6.0 billion in the 2016 fourth quarter compared to US $ 5.3 billion in the 2015 fourth quarter. Same-store sales for Dollar General, which is planning to open 1,000 new stores in 2017, increased 1.0 […]

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