Sales rally for Zara owner Inditex in run up to Christmas Wednesday, 11th December 2013
Inditex saw sales rise 10 per cent between 1 November and 8 December compared with the same period a year ago.
David Cheesewright is named chief executive of Wal-Mart International Wednesday, 11th December 2013
David Cheesewright, a former CEO of Asda and Wal-Mart veteran, will take one of the hottest jobs in retail after being named the new chief executive of Wal-Mart International. The British-born businessman will run all of Walmart’s 6,200 stores outside of the US from February 1.
PVH Corp records double digit growth for Q3 Wednesday, 11th December 2013
PVH Corp, the group behind fashion brands Calvin Klein and Tommy Hilfiger, has recorded a double-digit increase in third-quarter profit. Net income in the three months to November was up 17.3 per cent to USD 196.6 million, a vast improvement on last year’s USD 167.7 million from the same period.
Talk about bad timing! Half of UK online retailers affected by banking glitch on Mega Monday Wednesday, 11th December 2013
Nearly half of UK online retailers were affected by the RBS and NatWest banking glitch, with 44 per cent saying the problems had caused a negative impact on sales.
Fifth & Pacific will sell Luck Brand Jeans for $225m Tuesday, 10th December 2013
Fifth & Pacific on Tuesday announced the sale of Lucky Brand Jeans as it looks to focus its resources on what it describes as “the huge opportunity at Kate Spade”.
Online Retail Conference chooses future-focus for February Tuesday, 10th December 2013
While there’s plenty to be said for learning in hindsight, there comes a point where you have to look forward to stay ahead. Online Retail Conference’s February showcase will focus entirely on what the future of the industry holds for retailers and suppliers, as speakers from across the sector prepare to discuss 2014 and beyond.
TK Maxx exposed for misleading discounts Tuesday, 10th December 2013
TK Maxx is in hot water this week over allegations made in a Channel 4 documentary which claims that the US retailer is misleading its customers on the prices of designer goods. Tonight’s Channel 4 Dispatches show, Secrets of the Discount Stores, claims that the retailer deliberately exaggerates the original retail price of certain designer items in order to claim that customers are making a bigger saving than they are.
Carpetright manages modest improvements thanks to ‘self-help’ measures Tuesday, 10th December 2013
Carpetright focuses on improving cost and margins in the UK as overall underlying pre-tax profit falls 33.3 per cent in the first half.
Ikea kicks off Christmas price wars with £5 Christmas tree offer Tuesday, 10th December 2013
Ikea pulls no punches as it launches its £5 real Christmas tree offer in the run up to the holidays.
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