Global Brands announced a new three-year plan and the goal of $5 billion in revenue by 2020. The new plan builds on the company's current fiscal year results that included an 11.6% increase in revenue.
The collapse of Jaeger will see a large number of its suppliers losing virtually all of the reported almost-£50 million that they are owed but are planning a number of very public protests aout the situation.
Inditex, the world's biggest clothing retailer and owner of the Zara brand, reported an 18 percent rise in first-quarter net profit, in line with analysts' forecasts and stretching its lead over rivals like H&M.
All hail the Zipped Bayswater as new products helped Mulberry's sales power ahead in the year to March 31. But comp sales have slowed in this fiscal year so it's too soon to turn the page on the brand's recovery story.
Sears Canada said on Tuesday it was exploring strategic alternatives including selling itself, and flagged doubts about its ability to continue as a going concern, following years of losses and declining sales.