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Articles about Fashion

Kate Spade sales up 22% as Fifth & Pacific narrows losses Thursday, 2nd May 2013

Kate Spade sales up 22% as Fifth & Pacific narrows losses
Photo credit: Lucky Brand Jeans

Kate Spade and Lucky Brand owner Fifth & Pacific Cos. Inc., on Thursday posted upbeat first quarter results after managing to narrow its loss from last year. In the three months to 30 March, net loss came in at USD 52.2 million, or 44 cents a diluted share for Fifth & Pacific, an improvement on the USD 60.6 million, or 60 cents a share recorded a year ago.

Posted by Ava Szajna

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Mulberry presses on with global expansion Thursday, 2nd May 2013

Mulberry presses on with global expansion
Photo credit: My Retail Media

Seemingly unperturbed by profit warnings, luxury brand Mulberry is set to ramp up expansion plans over the current fiscal year, eyeing new locations across northern Europe, Asia, the US and Canada. According to WWD, Mulberry’s first stand-alone store located on Belin’s Kurfürstendamm is the first of a handful planned for Germany.

Posted by Ava Szajna

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Reiss director set to depart Thursday, 2nd May 2013

Reiss director set to depart

E-commerce director Dan Lumb is set to be the latest in a chain of executives to depart the company, although the retailer has not yet responded to questions regarding his rumoured exit.

Posted by Kirsty Simmonds

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Hugo Boss hit with fall in Q1 sales Thursday, 2nd May 2013

Hugo Boss hit with fall in Q1 sales
Photo credit: Hugo Boss

Hugo Boss reported a bigger-than-expected fall in first-quarter sales as tough trading in Europe and a slowdown in Asia hit home for the German fashion house. Sales eased by 2 per cent to £593 million for the first quarter, while EBITDA fell 11 per cent to £133 million. A Reuters’ consensus poll expected flat results, with analysts forecasting a core profit decline between 7 and 13 per cent.

Posted by Ava Szajna

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Hudson's Bay boosts Tommy Hilfiger presence in Canada Wednesday, 1st May 2013

Hudson's Bay boosts Tommy Hilfiger presence in Canada

Hudson’s Bay is to open some shops-in-shops for Tommy Hilfiger as the department store giant boosts the assortment of the American sportswear brand across Canada.

Posted by Kirsty Simmonds

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Asos posts 11% H1 profit boost Tuesday, 30th April 2013

Asos posts 11% H1 profit boost

The British fashion e-tailer is looking to the future with optimism after it posted an 11 per cent rise in first half profit.

Posted by Kirsty Simmonds

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Kookai departs UK Monday, 29th April 2013

Kookai departs UK

Kookai is pulling out of the United Kingdom after the flagging retailer initiated a solvent liquidation of its UK-based assets.

Posted by Kirsty Simmonds

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Asos welcomes double-digit profit boost Monday, 29th April 2013

Asos welcomes double-digit profit boost

Asos is tipped to report a 16 per cent rise in first half profits to approximately £25 million, according to reports.

Posted by Kirsty Simmonds

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M&S linked to Jaeger bid Monday, 29th April 2013

M&S linked to Jaeger bid
Photo credit: Jaeger

Marks & Spencer reportedly considered making a bid for fashion label Jaeger last year, as the department store looked to boost its fashion credentials. According to a report by the Daily Mail, M&S chief executive Marc Bolland is said to have considered putting together an offer for Jaeger before it was bought by private equity group Better Capital in April 2012.

Posted by Ava Szajna

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Spring brings mixed fortunes for John Lewis Friday, 26th April 2013

Spring brings mixed fortunes for John Lewis
Photo credit: John Lewis plc

Sales at John Lewis came in flat at -0.1 per cent for the week as customers chose to make the most of the sunshine instead of shopping. The department store’s online director Mark Lewis on Friday reported “a number of factors” had contributed into make the seven days to 20 April a “challenging” week for the retailer compared to the same time a year before, with customers reportedly soaking up the sun in their gardens instead of on the high street.

Posted by Ava Szajna

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