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Kate Spade sales up 22% as Fifth & Pacific narrows losses Thursday, 2nd May 2013
Kate Spade and Lucky Brand owner Fifth & Pacific Cos. Inc., on Thursday posted upbeat first quarter results after managing to narrow its loss from last year. In the three months to 30 March, net loss came in at USD 52.2 million, or 44 cents a diluted share for Fifth & Pacific, an improvement on the USD 60.6 million, or 60 cents a share recorded a year ago.
Mulberry presses on with global expansion Thursday, 2nd May 2013
Seemingly unperturbed by profit warnings, luxury brand Mulberry is set to ramp up expansion plans over the current fiscal year, eyeing new locations across northern Europe, Asia, the US and Canada. According to WWD, Mulberry’s first stand-alone store located on Belin’s Kurfürstendamm is the first of a handful planned for Germany.
Hugo Boss hit with fall in Q1 sales Thursday, 2nd May 2013
Hugo Boss reported a bigger-than-expected fall in first-quarter sales as tough trading in Europe and a slowdown in Asia hit home for the German fashion house. Sales eased by 2 per cent to £593 million for the first quarter, while EBITDA fell 11 per cent to £133 million. A Reuters’ consensus poll expected flat results, with analysts forecasting a core profit decline between 7 and 13 per cent.
Hudson's Bay boosts Tommy Hilfiger presence in Canada Wednesday, 1st May 2013
Hudson’s Bay is to open some shops-in-shops for Tommy Hilfiger as the department store giant boosts the assortment of the American sportswear brand across Canada.
M&S linked to Jaeger bid Monday, 29th April 2013
Marks & Spencer reportedly considered making a bid for fashion label Jaeger last year, as the department store looked to boost its fashion credentials. According to a report by the Daily Mail, M&S chief executive Marc Bolland is said to have considered putting together an offer for Jaeger before it was bought by private equity group Better Capital in April 2012.
Spring brings mixed fortunes for John Lewis Friday, 26th April 2013
Sales at John Lewis came in flat at -0.1 per cent for the week as customers chose to make the most of the sunshine instead of shopping. The department store’s online director Mark Lewis on Friday reported “a number of factors” had contributed into make the seven days to 20 April a “challenging” week for the retailer compared to the same time a year before, with customers reportedly soaking up the sun in their gardens instead of on the high street.