ASOS faced “challenging market conditions” in the last four months of 2021 yet still managed to post revenue growth, it said on Thursday as it also announced plans to list its shares on London's Main Market.
River island is boosting its presence abroad with the British fashion chain opening in Canada in a deal with major retailer The Bay that currently takes in the webstore but will be expanded to stores next year.
ASOS’s share price has been falling on slowing growth, a profit warning and its CEO's exit and with a capital markets day hoping to address this on Wednesday, it has been talking up its future growth prospects
With discreet exclusivity at the heart of its luxury operations, a data breach will have come as a big blow to jeweller Graff. The firm has been attacked by ransomware gang Conti, stealing 69,000 confidential documents.
News that ASOS CEO Nick Beighton has stepped down rather put the firm’s results statement in the shade. But there’s no denying the company remains one of the most successful in fashion retail, even if growth is slowing.
The number of fashion-focused shops on premier shopping thoroughfare Oxford Street looks like falling even further with news that IKEA is likely to take over the former Topshop flagship, in a key Oxford Circus position.
In what looks to be a strong fit, retail giant JD Sports Fashion has made a multi-million-pound investment in UK performance wear/althleisure retailer Gym King, taking a “significant” minority stake in the firm.
ASOS has seen another good trading period with the four months up to the end of June seeing healthy revenue growth, despite volatile demand, increased global supply chain issues and continued Covid restrictions.
Boohoo Group has signed a partnership deal with Alshaya Group to build on the presence of Debenhams in the Middle East and also take other brands in its portfolio to the region via stores rather than just online.