Fashion group French Connection this week reported an 11 per cent rise in like-for-like retail sales, sending its shares sky-high.
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.
Argos and Homebase owner Home Retail Group on Thursday said it now expects its benchmark profit before tax to come in ahead of expectations.
New report finds the North-west the worst struck for empty stores, despite an overall improvement for vacancy rates.
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 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.
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.
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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