Matalan CEO Jason Hargreaves was upbeat as he unveiled on Tuesday the company’s results for the year to 25 February, saying that “the business had made huge progress this year” despite a fall in revenue.
Growth in retail sales slowed in May as consumers started cutting their spending on discretionary items due to increase in prices. Non-food like-for-like retail sales fell 0.3% in the month, and 0.1% on a total basis.
US diamond demand hit $40 billion in 2016, up 4.4 percent from the prior year and comprising half of global diamond revenues for the first time since the 1990s, with the success of marketing targeted at millennials.
Value retailer Shoe Zone was in an upbeat mood Wednesday, even though it reported lower H1 sales and profits. But as the company transforms its stores, its web operations and its product mix, it is feeling confident.
The auction of e-tail giant Shop Direct has attracted less interest than had been hoped, according to reports, but some offers are on the table with Apax Partners believed to be one of three groups to have bid.
The parent company of Donna Karan posted record first quarter sales, but also reported a net loss of $10.4 million due to operating losses and expenses related to the ownership of Donna Karan International
Macy's Inc margins could end the year as much as 80 basis points lower than in 2016, CFO Karen Hoguet warned on Tuesday in comments that sent shares of the department store chain sliding to five-year lows.
Turkish fashion retailer Mavi Giyim's majority stake will be held by the founding Akarlilar family while Turkven will have a minority stake following the company's public offering, CEO Cuneyt Yavuz said on Tuesday.
UK fashion and lifestyle retailer Joules has had a good year. A very good year. The company said Tuesday that its revenues in the 12 months to May 28 surged 19.6% to £157m as both retail and wholesale did well.