The retailer forecast broadly lower-than-expected full-year profit on Friday as the department store operator grapples with weak demand for its clothes and fierce online competition, sending its stock down 10 percent.
Sportswear retailer Sports Direct has increased its stake in department store chain Debenhams to 29.7 percent and is seeking to extend its relationship with the firm to "a strategic partnership", it said on Friday.
Gerry Weber wants to boost its turnaround with the debut of a new brand. Gr8tful is a digital-only label offering premium womenswear with its launch this month inviting customers to a “relaxed online shopping” experience
European and U.S. competition regulators on Thursday approved the 48-billion-euro (42.49 billion pounds) merger of Italian eyewear maker Luxottica and French lens manufacturer Essilor, sending shares in both companies higher.
Kohl’s shares fell more than 6% on Thursday after the retailer forecast 1Q earnings below Wall Street’s expectations, partly due to higher costs, taking the shine off strong sales for the holiday shopping period.
Gap’s dependence on its low-end Old Navy line lessened in the holiday quarter as the apparel retailer managed to better its sales of other brands, helping the company’s same-store sales blow past Wall Street estimates.