Mothercare has decided a management buyout is "100 percent not" an option in the future, a source familiar with the matter said on Wednesday, after Bloomberg reported that its CEO had proposed one earlier this year.
Ralph Lauren Corp on Wednesday reported a higher-than-expected quarterly profit, as the luxury apparel maker's move to pull products off department store shelves and sell more products at full-price boosted margins.
Tiffany & Co’s first-quarter earnings handily beat analysts’ estimates on Wednesday, boosted by stronger sales of its high-end jewelry, leading the company to raise its annual sales and profit forecasts.
Fruit of the Loom is moving its HQ ops out of the UK with 70 jobs to be lost as a result. The US-based company is relocating manufacturing to mainland Europe and to North Africa as it optimises its supply chain.
M&S had some good news Wednesday as it reported more customers, higher e-sales and improved Clothing & Home margins. But all other figures were poor as it spent heavily to force through the change it desperately needs.
Apparel retailer Urban Outfitters Inc reported first-quarter profit and sales on Tuesday that handily beat analysts’ estimates, driven by strong spending at its stores despite a longer-than-usual winter season.
Millennial brand Lulus is getting a $120 million investment from IVP, a premier later-stage venture capital and growth equity firm, and Canada Pension Plan Investment Board (CPPIB), a global investment management firm.
Men and young millennial shoppers are the main drivers of a sales explosion at Balenciaga, with the storied couture firm turned edgy label now posting the fastest growth rates within the Kering group, its CEO has said.