How good were Inspecs results for the half-year to 30 June? Sales jumped to $125.7 million from just $16.7 million, core earnings rose to $17.7 million from $0.7 million and pre-tax loss was cut to $2.6m from $8.3m.
It hasn’t taken long to hear who’s moving into the location that Superdry is vacating on Regent Street. Fast Retailing has just announced that it will be taking up residence with its Uniqlo and Theory brands.
Eyewear specialist Inspecs reported results for last year on Friday with plunging revenues and a net loss, although the company highlighted its “positive momentum in 2020 creating a strong platform for growth in 2021”.
Forget fast fashion, it’s becoming all about quality clothing, especially for Gen Z consumers. According to a Superdry survey of 1,000 people in the UK, 59% prefer to buy quality, sustainably-made clothing.
The Touchwood shopping centre in Solihull has a new owner. US-based real estate investment and asset management firm Ardent Companies has bought the Midlands mall from Lendlease Retail Partnership for an undisclosed sum.