Li & Fung Profits Plunge 47 Percent on “Toughest” Ever Trading Environment

It’s tough times for the middleman as e-commerce increasingly connects producers with consumers, and that fact played its part in the nearly 50 percent plunge in Li & Fung’s profits last year.

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Earnings Roundup: Sales Decline at Sears, Tailored Brands and Hugo Boss

The retail environment hasn’t been kind to brands in the first quarter and previous fiscal year. Sears, Tailored Brands and Hugo Boss all reported unfavorable financial results, albeit some more dismal than others.

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Earnings Roundup: Markdowns Hit Urban, Express Profit Plummets, Children’s Place Wins, Vera Bradley Reevaluates

Children’s clothing is outperforming women’s and accessories, promotions are still killing margins and the retail environment is still "challenging."

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