The Pennsylvania-based sports retailer has announced high single-digit sales growth in Q4 and the full year 2017, leading to improved earnings as the company extends both its digital penetration and store network.
Acne is reportedly up for sale and Carven on the look out for new investors. Add to this the recent announcement of Piquadro's potential acquisition of Lancel, and the fashion and luxury sector looks set for a shake-up.
The Italian leather goods brand closed the 2017 financial year with a robust revenue increase, reaching €499 million, with EBITDA up 34.1%. New store openings in the USA and Europe are planned in early 2018.
Inditex had another good year in 2017, despite exchange rates denting its margin slightly. But its omnichannel focus drove it to higher sales and profits, and its new COO has been tasked with maintaining that momentum
Adidas reported Wednesday higher profits in 2017 thanks to worldwide sales growth in its most popular lines and efficiency savings, saying the performance put it on track for more muscular returns in future.
The Central Bureau of Investigation (CBI) has been allowed to invoke Section 409 of the Indian Penal Code which would put the jewellery tycoon Mehul Choksi’s maximum sentence at life if found guilty of fraud.
US online personal styling service Stitch Fix reported another strong quarter on Monday with net revenue up 25 percent to $295.9 million, as the number of active clients climbed to 2.5 million, and new products excelled.