A report by the British government auditor said the UK is losing up to 1 billion pounds ($1.28 billion) a year in value added tax (VAT) because of fraud or error by sellers using online marketplaces Ebay and Amazon.
The five-year licensing agreement includes the development of children's underwear, sleepwear and socks for Calvin Klein. Delta Galil will have exclusive rights for the new category beginning on January 1, 2018.
UK budget womenswear retailer Bonmarché saw rising sales in the 14 weeks to April 1, the final quarter of its fiscal year. But while online sales rose 15.2%, physical store comparable sales dipped by 0.5%.
Primark’s owner Associated British Foods delivered a 36% rise in H1 profit on Wednesday and was upbeat about the rest of the year as the Primark fashion business continued to power ahead, gaining UK and European share.
A jump in luxury cosmetic sales at L'Oréal offset a weak first quarter for several of the French company's other divisions, with overall like-for-like revenues 4.2 percent higher, slightly above forecasts.
The administrators of failed fashion business Jaeger delivered bad news Tuesday saying they would close 20 of its stores and cuts 253 jobs as they continue to seek a solution that can salvage parts of the business.
Chance encounters can lead to entirely new career paths. Just ask Mathilde Thomas, who co-founded the Caudalie luxury skincare and spa company after meeting a doctor at her family vineyard in Bordeaux.
Analysts, investors and the company itself were disappointed on Tuesday morning as H&M announced its March sales figures. The 6% sales rise was below the 7% preliminary figure announced back on March 30.
Good news: House of Fraser profits rose fast in the year to January 28. Any bad news? Well, the company warned that trading is still volatile, overall sales were flat and comparable sales edged up a tiny 0.9%.
Cabela's Inc said it agreed to be bought by fellow outdoor goods retailer Bass Pro Shops for a lower price than agreed, and that it would sell its bank unit in a two-step deal as it seeks regulatory clearance.