John Lewis reports that male customers are on the up Thursday, 31st October 2013
John Lewis has revealed that nearly half of all its customers are men – the highest proportion in its 84-year history. “Men now account for 44 per cent of customers and we are seeing them as more assertive in their shopping habits and taking more care in their appearance and clothes than ever before,” said John Lewis managing director Andy Street.
PVH reports $16m loss after Warnaco acquisition Wednesday, 11th September 2013
PVH Corp. on Wednesday revealed it made a loss in second quarter trading following the acquisition of the Warnaco Group in February this year. The Tommy Hilfiger, Calvin Klein and Speedo owner fell into a second-quarter loss of USD 16 million after the Warnaco deal offset a rise in sales.
Shop vacancies soar at shopping centres and out-of-town retail parks Tuesday, 10th September 2013
Despite much attention paid to the decline of Britain’s high streets, new data released on Tuesday finds shopping centres and out-of-town retail parks are witnessing much higher rates of retail vacancies. The Local Data Company reported that shopping centres had the highest proportion of empty shops, with 16 per cent vacant, an all time high, and compared with small towns, where 9.2 per cent remain unoccupied.
Primark owner AB Foods expects second half profit to beat forecast Monday, 9th September 2013
Food and apparel company Associated British Foods Plc has revealed it expects second-half earnings to exceed its own expectations for the period thanks to a surge in growth at its fast-fashion chain, Primark. The FTSE 100 company said its adjusted operating profit for the second half will top forecasts, while adjusted earnings share for the 12 months to 14 September will “show good progress,” the group said in a statement on Monday.
Burberry Q1 revenues rise 18% after “standout” season Wednesday, 10th July 2013
British fashion brand Burberry revealed an 18 per cent rise in first quarter underlying retail revenue, thanks to a strong demand for its Spring/Summer collections and a sustained focus on its Asian expansion.
Kering in talks to buy controlling stake in luxury Swiss watchmaker Richard Mille Tuesday, 18th June 2013
French multinational holding company Kering, previously known as PPR, is said to be in talks to buy a controlling stake in luxury watch firm Richard Mille. According to reports by Reuters citing a person in the industry with first-hand knowledge of the matter, Kering is thought to be considering an initial 51 per cent stake in the company, with the view to possibly raise the stake later on.
Debenhams finds Dads are getting short changed Friday, 14th June 2013
Kids are spending an average of £4 less on Father’s day gifts for 2013, new research by Debenhams reveals. The department store group found the average gift for dads in 2012 came to £16, dropping to £12 in 2013. While kids might be cutting corners, Debenhams on Friday reported seeing a 7 per cent increase in people buying Father’s day gifts compared to last year, suggesting those that do buy something are just being more thrifty with their Father’s Day purchases.
CBI results find retail sales fell unexpectedly in May Wednesday, 29th May 2013
A survey by the Confederation of British Industry on Wednesday revealed British retail sales fell at their fastest pace in 16 months during May. CBI’s monthly distributive trades survey showed the sales balance fell to -11 from -1 in April, despite an analyst forecast for a reading of +3.
Hong Kong tops world’s ‘hottest’ retail markets Tuesday, 21st May 2013
New report from CBRE lists Hong Kong as the world’s hottest retail market, with 51 new retailers entering the market in 2012. The property consultants found Kiev and Berlin made second and third place, while Singapore came in joint fourth place with Dubai, with 25 new retailers choosing the emirate to launch new stores.
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