Sports Direct said late on Thursday that it has taken strategic stakes in US-based businesses Iconix and Finish Line as it seeks to "hopefully build a relationship and develop commercial partnerships".
Wal-Mart Stores Inc on Thursday reported higher-than-expected quarterly sales at established U.S. stores, as more customers visited the discount retailer and its e-commerce push boosted online purchases.
Mothercare was upbeat on Thursday despite ongoing losses as it feels it has positioned itself for future growth. And key to that growth will be a mix of international expansion and a strong digital focus.
Burberry was upbeat Thursday as it reported annual results for the year to March 31. Christopher Bailey talked of “early success with key revenue drivers” as “newness outperformed,” and it saw mid-teens growth in bags.
L Brands first quarter results exceeded expectations, reporting earnings per share of $0.33 despite falling from $0.52 in the prior year's first quarter. The company increased its earnings expectation for the year.
The California-based retailer said it would transfer its website domain, social media and international wholesale agreements to a joint venture. Bebe also posted a decrease in net sales and a loss per share of $6.41.
The Portuguese real estate company’s results for the latest financial quarter showed a drop of 4.2 percent compared to the same period last year. The drop can be attributed to the partial sales of some shopping centers.