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Hard work “paying off” as Dixons' Q4 sales rise 13% Thursday, 16th May 2013
Dixons Retail on Thursday reported like-for-like sales in its final quarter rose 13 per cent in the UK and Ireland, as strong demand for tablet computers continued. The electrical goods retailer, which also operates Currys, PC World and Dixons Travel, is now expecting year profit to come in at the top end of market expectations.
Net profit up 103% as Ferragamo goes from strength to strength Tuesday, 14th May 2013
Salvatore Ferragamo Autumn/Winer 2012 campaign. Luxury Italian fashion house Salvatore Ferragamo revealed a 103 per cent growth in net profit for its first quarter of 2013 to EUR 24 million, compared to the same period a year before. The Florentine company reported a 9 per cent rise in turnover for the quarter to EUR 282 million, and a 29 per cent increase in EBITDA to EUR 39 million.
A Northern gem: Hammerson spends £136m on another Leeds development Tuesday, 11th September 2012
Hammerson has made yet another investment in the Northern city, spending £136 million acquiring the Victoria Quarter in Leeds. A luxury retail development running through the city centre, the Victoria Quarter is home to Harvey Nichols’ first branch outside of London, as well as ornate, listed arcades housing Louis Vuitton, Vivienne Westwood and Mulberry stores.
Morrisons braced for reality-check trading update Monday, 30th April 2012
Britain’s fourth largest supermarket chain is now expected to report a dip in underlying sales growth for its first quarter, as it faces tougher competition from discounting rivals. With the latest figures from Kantar Worldpanel showing a drop to 11.9 per cent in market share, Morrisons first quarter update on Thursday is likely to bring something of a reality check to the supermarket giant.
Links of London and Folli Follie given new president for North America Thursday, 26th January 2012
Robert Dundon has been appointed by parent company the FF Group as president for Links of London and Folli Follie in North America, effect of 30 January 2012. Dundon arrives at the position with over 15 years of experience running UK and European brands in North America, working at Paul Smith, Thomas Pink, a division of LVMH and Fossil.
Coach Q2 up 15% thanks to strong US sales and Chinese demand Wednesday, 25th January 2012
Coach Inc has reported second quarter earnings rose 15 per cent, with strong demand in its domestic North American market. “We've experienced strong response to our new collections and our pricing and assortment strategy continue to resonate with consumers world-wide," Coach chief executive Lew Frankfort said on a conference call.
“We’re getting our groove back” American Apparel’s Dov Charney remarks on results Friday, 6th January 2012
Chief executive and chairman of the young fashion company, Dov Charney interrupted his American road trip to remark on the company’s strong December sales. “We’re getting our groove back a bit,” Charney told press, attributing the increase in sales due to improvements in product efficiency over the 2010 period.
Hilfiger signs global licensing deal with Ittierre Tuesday, 20th December 2011
Tommy Hilfiger Group has signed a global licensing deal with Ittierre SpA to manufacture and distribute the designer’s women’s and men’s runway collections. Ittierre, based in Pettoranello, Italy, will begin with the fall 2012 collections, producing and distributing apparel and most accessories, across Europe, North America and Asia.
North-south divide in Britain widest since 2008 Thursday, 10th November 2011
The north-south divide in Britain is now at its worst since the beginning of the recession as households in the north-east and Yorkshire are among the hardest hit by skyrocketing unemployment and falling house prices, according to reports.
Coach profit rises 14%, beats Wall Street estimates Tuesday, 25th October 2011
Coach Inc on Tuesday announced first quarter profit increased 14 per cent for the luxury leather accessories brand. The results managed to beat Wall Street expectations, seeing shares in Coach rise 2 per cent in pre-market trading. Chief executive Lew Frankfort said Coach is “well positioned for another excellent holiday season,” due to a steady momentum of business as well as a breadth of offerings.