Hugo Boss has a new growth strategy called Claim 5 that aims to double its sales to €4bn by 2025. It will accelerate growth across all brands, touchpoints, and geographies and will include a branding refresh.
Global Fashion Group, the online fashion and lifestyle destination that targets growth markets, has delivered another profitable quarter in Q2, saying it saw “a strong set of results and gross margin improvements”.
U.S. shoppers returning to stores ahead of the back-to-school season helped Target forecast higher same-store sales growth after beating quarterly estimates, even as online demand sharply dropped from pandemic highs.
Walmart Inc increased its annual U.S. same-store sales forecast after beating analysts' estimates on Tuesday, as shoppers coming out of lockdown bought more clothes, travel gear and back-to-school merchandise.
Australian retailer Myer Holdings has forecast an annual profit for fiscal 2021, compared with a loss it reported last year, helped by a surge in e-sales and benefits from government support schemes and rent waivers.
French retailer Carrefour is planning to launch a sale of its Taiwan business, which is valued at around 1.6 billion euros ($1.9 billion) in the coming weeks, three people with knowledge of the matter told Reuters.