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US: RLM enhances FashionManager solution 27 Aug 2013 | 01:17 pm
RLM Apparel Software Systems has updated its FashionManager enterprise software solution to help fashion brands and manufacturers improve supply chain transparency, as well as operational speed and ef...
US: Ackman to sell JC Penney stake 27 Aug 2013 | 12:53 pm
Hedge fun manager William Ackman is to sell his 17.7% stake in ailing department store retailer JC Penney, less than a month after he resigned from the board.
LITHUANIA: H&M enters Lithuanian market with first store 27 Aug 2013 | 11:59 am
Swedish fashion retailer H&M Hennes & Mauritz has opened its first store in Lithuania as part of global expansion efforts.
US: Destination XL Group lowers outlook on Q2 losses 23 Aug 2013 | 04:18 pm
Big and tall men's wear retailer Destination XL Group, formerly known as Casual Male Retail Group, has lowered its full year guidance, after swinging to a second quarter loss of US$1.6m.
US: Ann Inc posts Q2 net income growth 23 Aug 2013 | 04:01 pm
US women's wear retailer Ann Inc saw second quarter net income rise on rising comparable sales.
US: Foot Locker Q2 profit on stronger sales 23 Aug 2013 | 03:53 pm
Stronger sales and its buyout of German specialty athletic retailer Runners Point Warenhandelsges (RPG) helped US sportswear retailer Foot Locker to book an 11.9% increase in second quarter net profit...
SWEDEN: Bjorn Borg H1 profit falls 8.7% 23 Aug 2013 | 03:28 pm
Swedish clothing company Björn Borg AB has reported an 8.7% decline in first half net profit, due to lower sales and margins.
US: Gap lifts FY outlook following stellar Q2 23 Aug 2013 | 03:24 pm
Specialty clothing retailer Gap Inc has raised its full-year earnings outlook after strong sales of summer merchandise at its Gap and Old Navy stores helped lift second-quarter profit by nearly 25%.
CHINA: Gap takes Old Navy to Shanghai 23 Aug 2013 | 02:10 pm
As part of overseas expansion efforts, specialty clothing retailer Gap Inc is to open its first Old Navy store in China and a dedicated e-commerce site in the first half of next year.
BANGLADESH: Factory inspections to start in September 23 Aug 2013 | 01:56 pm
Inspections are due to begin next month on at least 2,000 garment factories in Bangladesh that are not already part of two separate initiatives by retailers and brands in Europe and North America to a...