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French Connection reports back on 11% rise in like-for-like sales

Fashion group French Connection this week reported an 11 per cent rise in like-for-like retail sales, sending its shares sky-high.

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Hugo Boss touts “quantum leap” of a year for 2013

Despite ongoing economic conditions in Europe and a slow-down in industry growth for Asia, Hugo Boss saw turnover rise 4 per cent to EUR 2.43 billion thanks to a 7 per cent rise net profit.

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Fast Retailing pulls out of takeover talks with J.Crew

Uniqlo parent Fast Retailing Co Ltd has reportedly pulled out of talks regarding a takeover of US fashion and lifestyle retailer J.Crew Group Inc.

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Home Retail Group to exceed expectations as Argos and Homebase go from strength to strength

Argos and Homebase owner Home Retail Group on Thursday said it now expects its benchmark profit before tax to come in ahead of expectations.

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North/South divide continues to define shop vacancy rates

New report finds the North-west the worst struck for empty stores, despite an overall improvement for vacancy rates.

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John Lewis reports that male customers are on the up
Photo credit: John Lewis

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.

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H&M sales drop 2% for September

Sales at H&M stores open at least year fell by 2 per cent in September, after rising 4 per cent for August.

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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.

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Shop vacancies soar at shopping centres and out-of-town retail parks
Photo credit: My-Retail Media

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.

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Primark owner AB Foods expects second half profit to beat forecast
Photo credit: My-Retail Media

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.

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