Primark owner Associated British Foods issued one of the briefest trading updates we’ve seen on Friday — ahead of its annual general meeting — and it didn’t really tell us much about how trading is going at present.
Joules saw higher H1 sales despite facing the same issues as its peers in tough September. But its sales have picked up in the past two months, even without heavy markdowns, and e-tail and international are strong.
This has been Bottega Veneta’s year, while Alexander McQueen’s sneakers have enjoyed surging popularity, the former Meghan Markle has been the top influencer and sustainability has been the hottest topic.
Selena Gomez may be the star of most Coach campaigns, but for the holiday season, British supermodel Kate Moss is taking over. She’s the focal point of a print campaign that comes with a new heritage product collection.
Primark continues to expand and is preparing to enter Poland as new selling space helps drive its sales and profits ever higher. But like-for-like sales growth is hard to come by in current conditions.