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8 Dec

Retail Industry News'”.

Amazon has officially launched its Australian arm. The country has now become the 13th market in the world to have its own dedicated Amazon site after Brazil, India, Japan and Spain, to name a few. The launch of Amazon’s Australian website has come just before and New Year. The arrival of the retailer will give a tough competition to existing players like Kogan, The Iconic, Lorna Jane, Stylerunner, etc. The company reportedly claims that ‘higher than ever orders’ were placed across 23


1 Dec

Fashion Retail News’…

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


28 Nov

Fashion Retail News’.

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


24 Nov

Retail Industry News”

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


23 Nov

Fashion Retail News’

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


22 Nov

Retail Industry News::.

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


21 Nov

Fashion Retail News::

Finnish fashion retailer Lindex has once again been honoured as the ‘Fashion Chain of the Year’ at Habit Fashion Awards, held recently at Cirkus, Stockholm. The retailer has been awarded ‘Net Omnikanal’ for its digital efforts. The company is known for its rich offerings of exciting and affordable collections for women and kids. It has been into the e-business for the last ten years and currently sells online across Europe. At the event, Lindex was also praised for the initiatives it took to pro


18 Nov

Retail Industry News;;

Walmart Stores Inc. registered an increase in its revenue during the third quarter of the current fiscal owing to a surge in online business clubbed with other developments. During the quarter, the American retail witnessed a 4.2 per cent increase in its revenue to US $ 123.2 billion. Its comparable sales also increased by 2.7 per cent. Additionally, Walmart International noted a 4.1 per cent surge in net sales to US $ 29.5 billion. The retailer further claims that its online sales increased by


16 Nov

Retail Industry News.:

’s Sporting Goods has appointed Paul Gaffney as its new Chief Technology Officer, effective November 20, 2017. Paul’s appointment has come at a time when the sports company is growing every day through its digital transformation efforts. ’s Sporting Goods is hopeful of noticing an immediate positive impact on the company once Paul assumes charge. He was responsible for the organisation’s software engineering, user-centred design and applications. At ’s Sporting Goods, Paul will be re


14 Nov

Fashion Retail News,,…..

Major US apparel retailer Macy’s Inc. has announced its third-quarter results and reported that its sales plunged 6.1 percent to settle at US $ 5.281 billion as against US $ 5.626 billion in the corresponding quarter last year. Additionally, comparable sales of Macy’s on an owned-basis dropped by 4 per cent and 3.6 per cent on an owned-plus-licensed basis. Closure of stores previously announced by Macy’s is seen as a major factor responsible for the negative impact on the financial results. Macy