Ted Baker’s full-year preliminary results and Q1 update on Thursday showed “good sales momentum, improving gross margin and operating cost leverage” at the up-for-sale fashion retailer.
British designer label A-Cold-Wall has begun a six-week “residency” at the Doha Festival City Mall in Qatar. Its new shop-in-shop 7.2 sq m space is located in the three-storey Harvey Nichols store there.
Frasers Group said this week that it’s disposed of its US retail businesses, Bobs Stores and Eastern Mountain Sports (EMS), for a cash consideration of $70m to GoDigital Media Group (GDMG).
The first ‘Amazon Style’ store opened its doors on May 25 in the Glendale neighborhood of Los Angeles. The debut is stirring up a lot of buzz as the group discusses whether to open its own version of a department store.
Dick's Sporting Goods announced on Wednesday revenues for the first quarter fell by more than 7%, on the back of plunging comparable sales, as the company was hurt by "evolving macroeconomic conditions."
Yeezy Gap Engineered by Balenciaga collection did not launch on Wednesday as originally planned, following a deadly shooting at an elementary school in Texas.
Watchmaker Movado Group announced on Wednesday its 2025' Make Time' plan, which outlines the company’s goal to empower, evolve, and enrich its people, products, planet, and community.
Guess Inc announced on Wednesday revenues increased 14% for the first quarter fiscal 2023, on the back on a surge in licensing sales and Americas wholesale revenues.
Unbound Group has announced that its new online multi-brand retail platform will be powered by Mirakl, calling it “the industry’s first and most advanced enterprise marketplace SaaS platform”.
The Liverpool One mall goes from strength to strength. The Grosvenor operated shopping centre at the heart of the city has signed The Vintage Store, with the retailer opening its biggest UK store to date.
Castore has captured yet another major kit sponsorship deal. This time, the premium sportswear brand has signed Spanish side Sevilla FC to a multi-season partnership, becoming the La Liga club’s official kit supplier.
UK retailers reported just “average” sales for the time of year in May (0% from -24% in April), up from a weaker- than-normal previous month. But overall sales are expected to fall below seasonal norms again in June.
Bidders competing to acquire Kohl's Corp are preparing to make binding offers that are lower than the indicative bids they submitted earlier this year to reflect the market downturn and its deteriorating business.
The French real estate company has recruited Stéphane Tortajada, who has worked for the Casino group and EDF, as chief financial officer, and is reappointing Jean-Marc Jestin as chairman of the board.
In 2021, the European textile and apparel industry managed to reduce its trade deficit to €48 billion, according to industry association Euratex, which underlined the impact of Brexit and rising transport costs.
