French luxury group Chanel has hiked prices of some of its most sought after handbags at a time when strong consumer demand and low stocks in the run-up to the holiday shopping season are boosting their exclusivity.
Pinterest Inc forecast fourth-quarter revenue growth in the high-teens percentage range, after online retailers splurging on ads before the holiday season helped the image-sharing company beat quarterly estimates.
The owner of the Lee and Wrangler brands announced third-quarter revenue of $652.3 million on Thursday, an increase of 12% compared to $583.2 million in the same period in the previous year.
Lenzing Group, an Austrian leader in sustainable specialty fibres, has posted a 32.9 per cent revenue growth to €1.59 billion in the third quarter.
Britain's antitrust regulator on Thursday directed JD Sports Fashion Plc to sell Footasylum, after a detailed probe found that the takeover could lead to "a substantial reduction in competition".
German fashion giant Hugo Boss said on Wednesday that it saw strong growth in Q3. Currency-adjusted group sales actually leapt 40% year-on-year to €755 million and were also 7% above 2019 levels.
Sainsbury’s own-brand Tu clothing sales “remained strong” in the half-year to 18 September, the supermarket giant said Thursday. And with Covid-19 restrictions lifting, its customers have been updating their wardrobes.
Vivienne Westwood is the latest UK company to file its 2020 results at Companies House and one of the few not to be completely devastated by the impact of the pandemic.
Boohoo Group has delivered a brief update on the Californian Class Action Claim that has been brought against it and the update suggests it could be about to put its legal woes behind it.
A trading statement from Superdry on Thursday talked of an "encouraging start" to AW21, as well as the commitment to driving more full-price sales helping it to make continued gross margin gains.
Oakland, California-based cosmetics company E.L.F. Beauty announced second-quarter net sales on Wednesday of $91.9 million, up 27 percent.
The Los Angeles-based online fashion retailer announced net sales of $244.1 million for Q3 on Wednesday, up 62% from $151.0 million in the prior-year period and 58% from $154.2 million in the third quarter of 2019.
Brazilian retailers Americanas SA and Lojas Americanas SA took another step toward their planned merger here on Wednesday and said the stakes of their billionaire controlling shareholders will be diluted.
Eco-friendly sneaker maker Allbirds Inc fetched a valuation of $3.3 billion in its Nasdaq debut on Wednesday after its shares opened 41% above their offer price.
AYBL Group’s expansion plans have been given a major boost, with Gymshark co-founder Lewis Morgan ready to make a “significant investment” in the already-£50 million-valued women’s activewear brand.
