Following its recent acquisition of Supreme, the Denver, Colorado-based lifestyle company has reported net income of $347.2 million for the third quarter, down 25% compared to $465.0 million in the prior-year period.
Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday, powered by increased ad spending by businesses to capitalize on a holiday shopping season driven online by the pandemic.
India’s Aditya Birla Fashion and Retail Ltd said on Wednesday it would buy a 51% stake in the Sabyasachi brand, best known for high-end wedding wear favoured by Bollywood celebrities and rich business families.
Otto Group, the German retail giant that owns the UK’s Freemans and Grattan operations, said on Wednesday that initial forecasts indicate it will close the 2020/21 financial year with online revenues of about €10bn.
Poundland and Dealz owner Pepco had a good Christmas quarter compared to many in the UK and European retail sectors. But same-store sales still fell 2.1% due to pandemic-linked store closures. Reported revenue rose 9.1%.
The U.S. division of L’Occitane en Provence filed for Chapter 11 bankruptcy on Tuesday as it seeks to close unprofitable stores.
The offering of 17,994,117 American Depositary Shares (ADSs) represents 17,994,117 ordinary shares, including the full exercise by the underwriters of their option to purchase 2,347,058 additional ADSs.
French luxury goods group LVMH plans to overhaul Tiffany & Co's vast merchandise lineup to focus more on gold and precious gems while going more upmarket with its silver bangles.
British retail sales have suffered their most widespread annual drop since May this month, according to a survey published on Tuesday which suggests that the latest lockdown is taking a heavy toll on many shops.
French luxury goods group LVMH reported a 3% drop in comparable sales for the fourth quarter, as a boom in revenues at its big fashion brands like Louis Vuitton offset a weak performance at its duty free shops.
In positive moves to bolster future expansion plans, fashion and lifestyle retailer Joe Browns has appointed a new buying director and also completed a £1.5 million warehouse extension.
A short statement from JD Sports on Tuesday morning suggested that the company has ambitious plans to make further acquisitions.
Quiz reported its interim results on Tuesday and while the company had been struggling for some time, it faced even bigger challenges in the period to the end of September. And the pain has continued since then.
The international fragrance maker announced a better-than-expected 3.5% increase in its fourth-quarter sales on Monday, results which led the group to raise its full-year earnings guidance.
The sale includes The Original Muck Boot Company, Xtratuf, Servus boots, Neos, and Ranger boots.
