Macy's Inc margins could end the year as much as 80 basis points lower than in 2016, CFO Karen Hoguet warned on Tuesday in comments that sent shares of the department store chain sliding to five-year lows.
The parent company of Donna Karan posted record first quarter sales, but also reported a net loss of $10.4 million due to operating losses and expenses related to the ownership of Donna Karan International
The auction of e-tail giant Shop Direct has attracted less interest than had been hoped, according to reports, but some offers are on the table with Apax Partners believed to be one of three groups to have bid.
UK fashion and lifestyle retailer Joules has had a good year. A very good year. The company said Tuesday that its revenues in the 12 months to May 28 surged 19.6% to £157m as both retail and wholesale did well.
Turkish fashion retailer Mavi Giyim's majority stake will be held by the founding Akarlilar family while Turkven will have a minority stake following the company's public offering, CEO Cuneyt Yavuz said on Tuesday.
Honey Birdette's unique brand of sexy upscale lingerie has won over Australia and is now growing in Britain, and the US as founder Eloise Monaghan puts women back in the driving seat of a previously overlooked segment.
The retailer focused on men's casual shirts that are designed to be worn untucked said venture capital firm Kleiner Perkins Caufield & Byers had invested $30 million in the company's first major round of fundraising.
Over 1,700 jobs appear to have been saved at Style Group after a group of investors including Harold Tillman mounted a successful rescue bid for the troubled womenswear firm and hinted at a possible move into menswear.
Sales and profit at Arcadia fell last year according to press reports, with the retail giant seeing the same squeeze as many peers. Reports also suggest it is seeking a new strategy to battle pureplay e-tailers.
French investor Eurazeo, which has major holdings in Moncler and Desigual, wants more fashion investments after launching Eurazeo Brands, to expand into "European and US brands with international growth potential."
Brand licensor Marquee Brands LLC is leading a consortium that is preparing a bid for BCBG Max Azria Group LLC, which would allow the U.S. fashion house to exit bankruptcy with a footprint of 15 to 20 stores.