Hot weather helped British retail sales growth surge during the first half of this month, adding to signs that consumers are shrugging off a weak start to 2018, according to the CBI. But they weren't buying fashion.
H&M is upbeat despite a tough six months, saying it's on the right path, is improving the product mix, seeing good results from new launches and scaling up tech developments that offer future profit potential.
The home furnishings retailer reported a surprise drop in quarterly same-store sales on Wednesday, hurt by fewer redemptions of its once-popular coupons amid intense competition from online and off-price rivals.
As Beijing and Washington veer towards a full-blown trade war, American brands in China face what may be an even bigger threat: local rivals armed with innovative products and the Chinese government’s blessing.
The brand group announced on Wednesday that it has entered into an agreement to acquire the majority of the North American licensing business, which has a portfolio including Disney, Calvin Klein and Under Armour.
A JD Sports investor group has hit out at executive chairman Peter Cowgill’s pay boost, saying it is “not in line with the rest of the company”, and will ask shareholders to vote against his re-election on Thursday.
John Lewis has announced a major evolution of its strategy “designed to develop and strengthen the business”. And own-brand fashion will be a major part of this as its house brands’ growth outpaces other labels.
The giant Meadowhall mall in Sheffield saw its “most successful” Eid al-Fitr marketing campaign to date, with sales and footfall during the Eid weekend rising and fashion stores seeing higher turnover
Hudson’s Bay Chief Executive Helena Foulkes is expected to discuss a joint venture between Germany’s Kaufhof and Austrian property group Signa Holding during a trip to Europe this week, sources said on Tuesday.
The move will help the British company move closer towards its goal of becoming a global lifestyle brand. Its inaugural collection of sunglasses and optical frames is expected to during Spring Summer 2019.