Movado Group Inc. saw a major drop in sales for the first financial quarter of 2018, from $114.1 million in the same quarter last year to $99.3 million. The New Jersey-based company will put its focus on new products.
The Fair Wear Foundation and ILO Better Work, a flagship program of the UN’s International Labour Organisation, will collaborate to help garment companies ultimately enhance their ability to improve labour conditions.
Strong earnings from the battered U.S. retail sector, which helped lift Wall Street on Thursday, also boosted shares of the hard-hit real estate investment trusts that own the properties where the retailers are located
Athletics must expand its range of sponsors beyond sport shoe and clothing makers as it seeks to grow sport nationally and internationally, the president of USA Track & Field (USATF) said in an interview with Reuters.
The California-based footwear company, which owns brands such as Uggs and Teva, saw net sales fall 2.4% to $369.5 million in its 4th quarter but surprised investors with higher revenues and an unexpected profit.
Following its forays in higher-end apparel under the creative direction of Jenna Lyons, the struggling retailer has decided to realign with its former pricing strategy by slashing the prices of many of its basics.
The Gymboree Corporation has announced it is bringing on former Tilly's CEO Daniel Griesemer as President and CEO to lead the mall-based children's retailer out of its financial troubles and improve its digital presence.
The New York-based designer has chosen to consolidate his resort and spring collections into one show this September during NYFW, called “Spring One.” Wu will also present his pre-fall and fall collections in one show.