American fashion retailer New York & Company has announced financial results for the third quarter of the current fiscal and the company noted the highest third-quarter operating income since 2007. Its GAAP operating income stood at US $ 0.6 million as compared to a loss of US $ 2.1 million in the same period last year. Further, net sales during the quarter under review increased by 0.1 percent to US $ 214.2 million from US $ 213.9 million in the corresponding quarter last year. Comparable store
Walt Disney’s The Lion King made its grand debut at the Westend theatre in the year 1999 and still running with packed houses at the Lyceum theatre! The Lyceum Theatre is located in a popular area known as as Covent Garden. This is one of the most visited, vibrant and exciting part of the city positioned in the of ’s Theatreland.
English fashion designer Stella McCartney adds yet another feather to her hat. The designer will be honoured with the first-ever Special Recognition Award for Sustainability at British Fashion Council’s (BFC) annual Fashion Awards 2017. The sustainability award is a new tribute added to the event’s agenda and the council hopes that with McCartney as the first honouree, this award will push other brands/designers to approach sustainability with more prestige. Ever since her beginning, McCartney h
Giambattista Valli is the latest designer to enter the booming activewear market. The new activewear collection will be launched in June 2018 along with the label’s Pre-Fall line. It will feature 50-60 pieces consisting of coats, puffer jackets, sweatshirts and tracksuits. Priced between 1,100 and 2,500 euros, the collection will be available for purchase at Giambattista Valli boutiques and select speciality stores. Since his label’s inception in March 2005, Valli has become renowned for his fem
American fashion firm PVH Corp. is reportedly considering to merge its brands Tommy Hilfiger and Calvin Klein to make a single entity in India. If true, the merger would make it a company with retail business of more than Rs. 1,000 crores in the Indian market. Brand-wise, Tommy Hilfiger alone reported Rs. 750 crores in retail sales while Calvin Klein’s revenue stood Rs. 250 crores in the previous year. The venture will reportedly be managed by Tommy Hilfiger CEO Shailesh Chaturvedi; Arvind Limit
Ex-Diesel Canada Chief Joey Adler has joined hands with Trey Alligood, former Gents President & Creative Director to launch a self-proclaimed 90 percent gender-neutral apparel line, Shades of Black (SOB) which is available from December 2017 and targets millennials’ demand for simplistic design and gender inclusivity. SOB is built around a minimal palette of black, white and grey shades and will offer easy-going of sweatshirts, jackets, joggers, T-shirts and an assortment of denim.
GAP Inc., the US-based apparel retailer, has recently opened its fourth store in Delhi-NCR. The latest addition takes the India total for the brand to 11. The newly inaugurated store is located on the Ground floor of Pacific Mall (Tagore Garden) in New Delhi. The mall is one of the capital’s premium shopping, entertainment and leisure destinations. Kidswear, menswear, womenswear and other fashion products are up for grabs at the store, spread over an area of 4,500 square feet. GAP already has it
US-based fashion brand Guess has rolled out financial statements for the third quarter ended October 28, 2017. During the period under review, the fashion retailer recorded GAAP net loss of US $ 2.9 million compared to the GAAP net earnings of US $ 9.1 million in the same quarter of 2016. Asia, Europe and the US remained the key markets for the retailer during the reporting quarter. Guess’ Europe revenue increased by 18.8 per cent in US dollars and 11.9 per cent in constant currency. Retail sale
Urban Outfitters Inc., a portfolio of global consumer fashion brands comprised of Anthropologie, Bhldn, Free People, Terrain, Urban Outfitters and Vetri Family brands, has reported financial results for the third quarter ended October 31, 2017. During the period under review, the fashion company reported a 3.5 per cent increase in its net sales as compared to the same period last year. Comparable retail sales including the direct-to-consumer channel, increased by 1 per cent. Brand-wise, comparab
seems to have been pretty active in the past few months, but what is it that seems to have gotten on the move so much?