John Lewis had a fairly strong 2016 with new fashion lines boosting sales. But it sees challenges ahead with like-for-likes so far this year down, price pressures increasing and online growth hitting store traffic.
Hugo Boss said on Thursday that improving its online business will be a top priority this year as the struggling German fashion house hopes to avoid another decline in sales and cement a recovery in China.
Lojas Americanas SA, Brazil's largest discount retailer, has raised 2.4 billion reais ($759 million) through the sale of new common and preferred shares, one source with direct knowledge of the matter said.
Tailored Brands posted full year adjusted diluted earnings per share of $1.76, meeting its guidance. Sales for the fourth quarter and year were negatively impacted soft traffic and a lacking tuxedo business at Macy's.
Tous said its expansion strategy and the continued development of the e-commerce platform sent sales soaring by almost 10% in 2016. The company will continue opening retail and travel retail stores this year.
Quiksilver Inc changed its corporate name to signal a new phase for the company. The California-based company exited Chapter 11 bankruptcy in February 2016 and began to aggressively restructure its business.
The owner of Jacques Vert, Windsmoor, Precis and Dash is looking at options for its business as it faces ever-more-challenging conditions on the UK high street, despite a stronger product offer, according to reports.
The new boss of Adidas hiked sales and profit targets for the German sportwear firm on Wednesday and announced plans to increase e-commerce, simplify business processes and keep investing heavily in the key US market.