Eddie Bauer and Pacific Sunwear of California are exploring a merger to consolidate their store footprint and weather a prolonged downturn in the U.S. brick-and-mortar retail sector, sources said on Wednesday.
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.
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.
Lacoste, licensed in India through Sports and Leisure Apparel Ltd., plans to continue expanding its presence in its two largest markets: Mumbai and Delhi and will also be working on its omni-channel strategy.
PE firms Partners Group, Kedaara Capital is expected to spend around Rs 5000 crore (approx $752 million) for the acquisition of retail chain Vishal Mega Mart (VMM) from another PE firm, TPG Capital and Shriram Group.
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.