The company's best performing brand posted flat sales for the year and a decrease in fourth quarter sales. Lilly Pulitzer recorded strong increases that contributed to the company meeting its full year sales guidance.
Britain's biggest retailer Tesco is in advanced talks with the Serious Fraud Office (SFO) over a plea deal that would involve it paying a large fine over its 2014 profit overstatement, Sky news said on Saturday.
It was a close call but Jones Bootmaker appears to have been saved with 72 of its stores and 840 jobs preserved, a strong result given that administration and a fire sale appeared to beckon just a couple of days ago.
Xcel Brands achieved its third consecutive year of double-digit revenue growth, despite fourth quarter decreases. Former InStyle Editorial Director Ariel Foxman also joined the company as a digital and media consultant.