French luxury goods group Hermes said on Wednesday it was starting 2017 on a solid footing after delivering record 2016 profits, providing further evidence of a broader recovery in the luxury goods industry.
Nike Inc reported lower-than-expected quarterly revenue on Tuesday as the world's largest footwear maker battles for market share in North America with a resurgent Adidas AG and a fast-growing Under Armour Inc.
Nike Inc , the world's largest footwear maker, reported lower-than-expected quarterly revenue on Tuesday, hit by a strong dollar and intense competition from Adidas AG and Under Armour Inc in North America.
Pittards, the UK-based maker of technically advanced leather and luxury leathergoods, endured a tough 2016 that saw a new management team, a writedown and strategy changes, all resulting in a pre-tax loss of £4.1m.
An estimated 1,650 shops were lost from Britain’s high street last year, but while more shops closed than opened in the summer, openings bounced back as the year drew to an end and overtook the number of closures.