Primark owner ABF was upbeat Monday as it delivered a trading update for the almost-complete first half that showed its Primark operation is continuing to prosper, despite falling comp sales in the Netherlands.
The fashion social and shopping network has secured of €3 million in a new funding round, which will allow it to further consolidate its growth and accelerate its international expansion plans in Europe.
Michael Kors Holding and Coach are among the companies that have made it through to the second round of bidding for handbag and accessories maker Kate Spade & Co, according to sources. Others are also in the running.
After the sale of bikini brand Tigerlily this week, battling surf group Billabong said net losses widened for the prior six months, as total sales for the December-half fell 9.6 per cent to AU$511 million (US$393.67m).
Department store operators Kohl's Corp and Nordstrom Inc followed larger rival Macy's Inc in reporting a better-than-expected profit for the holiday quarter as lower inventories helped the retailers avoid deep discounting.