Japanese intimates giant Wacoal reported a mixed set of results with sales broadly flat but operating profit up, although net profit fell. Yet investors seemed pleased as the shares rose after the announcement.
Macy’s raised its full-year profit forecast on Wednesday and reported better-than-expected quarterly and same-store sales, helped by strong international tourism, a new loyalty program and a greater product assortment.
The luxury accessories brand Montblanc has seen sales in smaller Indian towns grow through its joint venture with the Indian watch brand Titan and has named India as its fastest growing global market.
The General Pants Company-owned women's fashion and innerwear retailer declared bankruptcy late last week, forecasting the closure of all 12 retail stores, as well as its Myer concessions and online store.
The German retailer said on Tuesday it hopes to stabilise its shrinking Russian business in the coming months after overhauling management and introducing bulk discounts to attract more independent traders.