Swiss duty free retailer Dufry reported on Thursday a 67% plunge in underlying first-quarter turnover to 460.3 million Swiss francs ($510 million), hit by travel restrictions to counter the pandemic.
Otto Group has seen a challenging financial year, but revenue still rose at the company that owns Freemans, Grattan, Bonprix and Quelle, among many other retail and logistics businesses.
How’s this for an end-of-year trading statement, given the 12 months retail’s had? Watches of Switzerland Group enjoyed “robust” UK trading together with an “outstanding” US performance for both Q4 and the full year.
As gymwear continues to be a key category, a small brand – AYBL – based in Redditch, UK is targeting a near fivefold turnover increase having seen a tenfold rise in the last two years
Fashion e-tailer N Brown has delivered full-year results for the period to the end of February and it's no surprise that they were weaker than the previous financial year. But the company seemed upbeat for the future.
The American model, media personality and businesswomen famous for her hit Lip Kits, has reportedly made trademark filings for “Kylie Swim” and “Kylie Swim By Kylie Jenner,” hinting at plans to launch a swimwear brand.
TJX Cos Inc reported better-than-expected quarterly results on Wednesday as mass COVID-19 vaccinations and the easing of restrictions encouraged more Americans to shop at its brick-and-mortar stores.
The Victoria’s Secret parent company announced net income of $276.6 million, or $0.97 per share, for the first quarter on Wednesday. Adjusted earnings per share totaled $1.25, beating analysts’ estimates of $1.25.
In Q1 2021, the Japanese sport brand recorded a 43% revenue rise in Europe, with operating income skyrocketing in the same period.
The head of Italian luxury group Tod's said that if ever decided to sell his company it would be to LVMH's boss Bernard Arnault but he added that he had no plans like that for now.
Target Corp on Wednesday posted quarterly sales that surged about 23%, raising hopes of booming demand through the year as consumers flock to stores and shop for more than just essentials.
China's JD.com Inc's first-quarter revenue beat Wall Street estimates on Wednesday, as growth remained robust in the domestic e-commerce sector following the Covid-19 pandemic.
Entrepreneurial brothers Mohsin and Zuber Issa have taken a minority share in Castore. The owners of UK supermarket giant Asda are understood to have become the largest outside investor in the British sportswear brand.
Coats Group is back on its game. The UK-based industrial thread manufacturer on Wednesday reported a return to organic growth following a strong operational performance in three months to 30 April.
Mulberry is preparing for a series of contemporary designer collaborations as it celebrates its 50th year. It said reaching its half century means a series of “joyful” link-ups with a trio of “visionary designers”.
