Rent the Runway, the web start-up that lets women rent designer apparel and accessories at affordable prices, has raised 60 million dollars in venture capital. Led by Technology Crossover Ventures, with participation from Bain Capital Ventures, Highland Capital Partners, and Advance Publications, Inc., […]

REPORT Nike in its fiscal 2015 second quarter results ended November 30, 2014 said that the company experienced strong consumer demand driving revenue growth across the portfolio. Diluted earnings per share grew faster than revenue, up 25 percent, primarily due to gross margin expansion and a lower […]

MySale co-founder and chief executive Carl Jackson shared his intentions to purchase up to 3 million pounds worth of shares, leading to a jump in shares from the fashion etailer on Wednesday, after a profit warning hit its majority shareholders earlier this week. Close to 140 million pounds was cut […]

After selling the last of it's remaining stock at 70 percent off earlier this week, struggling premium retailer My-Wardrobe.com has stop trading and sold off it's domain name to online giant Net-a-Porter Group. The website itself is no longer active and a message has been posted which reads: “We are […]

Italian fashion brand Roberto Cavalli is in exclusive talks with Italian private equity firm Clessidra regarding selling a majority stake in Cavalli to the fund, Clessidra announced in a statement on Wednesday. The aim of both companies is to reach an agreement by March 2015. Should the deal proceed […]

Kering, parent company of sportswear firm Puma, is said to have explored the potential sale of the brand earlier this year, according to inside sources. The possible sale comes five years after Kering acquired control of the sportswear brand and attempts to invigorate Puma's image and sales. The company […]

REPORT The H&M Group’s sales including VAT increased by 10 percent in local currencies in November 2014 compared to the same month last year. In the fourth quarter of 2014, September 1 to November 30, sales including VAT increased by 11 percent in local currencies. Sales including VAT in the fourth […]

Bangladeshi apparel makers have set a target of raising the annual export volume to 50 billion US dollars in 2021 when the country celebrates the golden jubilee of its independence in 1971. They set the ambitious target riding on work orders diverted from China as the top global economy nowadays prefers […]

REPORT_ Quiksilver has reported that for the full year of fiscal 2014 ended October 31, 2014, versus the full year of fiscal 2013, net revenues, were 1.57 billion dollars compared with 1.81 billion dollars, representing a decrease of 11 percent, or 189 million dollars, on constant currency continuing […]

Delia's, the struggling US teen fashion retailer, is to close 92 of its shopping mall stores after it failed to find a buyer. The 21 year-old company, filed for bankruptcy protection with assets of 47 million dollars and debts of 50.5 million dollars. Gordon Brothers Retail Partners and Hilco Merchant […]