January 15, 2018 Holiday Sales Top Expectations; Strongest Since Recession
Retail sales for Nov. and Dec. increased 5.5% from 2016 to $691.9 billion excluding restaurants, automobile dealers and gasoline stations, according to the NRF, led by e-commerce and other non-store sales that jumped 11.5% to $138.4 billion. Pentland Forms Joint Venture with Lacoste
With annual sales estimated of around €200 million at the wholesale level, representing about 10 percent of Lacoste’s total wholesale-equivalent turnover, Pentland Brands and Lacoste have decided to transform their 26-year-old licensing agreement for Lacoste footwear into a capital and profit-sharing JV. Arena Accelerates in 2017, Diversifies into Sports Apparel
Global revenues at the swim brand expanded an estimated 5% to €116 million ($142 mm) in 2017, boosted by a 20% gain in U.S. sales to $12 million.
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