Price matching at John Lewis eroded its ability to make profits in the first half even though its fashion ops grew and it outperformed the market on that front. It's uncertain about what the second half will bring too.
The VF-owned youth brand announced on Wednesday that it plans to reach $5 billion in revenue by fiscal 2023, a $2 billion increase that Vans is hoping to drive with strong growth in its direct-to-consumer business.
In the midst of Chapter 11 bankruptcy proceedings, the American accessories retailer is battling on, managing to reduce its net loss in the second quarter as the positive effects of restructuring begin to take effect.
Shares in Debenhams rose as much as 9 percent on Wednesday after an outgoing director of Sports Direct said the sportswear firm's board had discussed combining the department store group with House of Fraser.
On the eve of its semi-annual results, the company celebrated the reopening of its Milanese flagship. FashionNetwork.com analyses the event that reveals the intricacies within the omnichannel retail giant.
The accessory brand Da Milano is currently exploring a number of international markets including Nepal and the UK for possible expansion and its transit retail segment now accounts for 30 percent of overall revenue.
Tencent Holdings, which has lost some $200 billion in market value this year, is facing fresh criticism from analysts and investors unnerved by regulatory roadblocks, a fuzzy overseas strategy and growing debt.