Sainsbury’s own-brand Tu clothing sales “remained strong” in the half-year to 18 September, the supermarket giant said Thursday. And with Covid-19 restrictions lifting, its customers have been updating their wardrobes.
The Los Angeles-based online fashion retailer announced net sales of $244.1 million for Q3 on Wednesday, up 62% from $151.0 million in the prior-year period and 58% from $154.2 million in the third quarter of 2019.
Brazilian retailers Americanas SA and Lojas Americanas SA took another step toward their planned merger here on Wednesday and said the stakes of their billionaire controlling shareholders will be diluted.
The owner of the Ikea furniture brand said on Wednesday it would raise prices due to supply chain challenges far into 2022, after it reported a drop in full-year profit due to higher transport and raw material costs.
Michael Kors owner Capri Holdings Ltd on Wednesday raised its annual profit forecast, as it benefits from price increases and strong demand for its designer handbags and Jimmy Choo shoes in North America and Europe.