The owner of Donna Karan and DKNY announced a 5.2% increase in sales for the third quarter on Wednesday, a lower than expected increase, which combined with the company’s lowered full-year guidance, sent shares tumbling.
Philip day’s Edinburgh Woollen Mill Group has reported higher profits and expansion in its luxury ops. The multi-brand group made net profit of £23.4m in its latest period with operating margins up to 10.25% from 8.27%.
Fast Retailing’s Uniqlo struggled in November in its domestic Japanese market with the retail giant seeing a 5.5% comparable sales fall and 5.8% drop in total. Both figures included its online operations.
Zalando, Europe’s biggest online-only fashion retailer, said on Wednesday it attracted 840,000 new customers during the Cyber Week sales, while the value of orders placed on its site jumped by almost a third.
Bruno Saint Hilaire has failed to find a buyer. It filed for receivership in July, following a period of declining sales and worsening losses, and has now gone into liquidation, with its 85 employees and 20 stores.
The 18th edition of Art Basel Miami Beach may not start officially until Thursday, but the worlds of art and fashion are already descending on the Magic City for a week of exhibitions, installations and fashion shows.