Despite a moderate sales rise driven by a strong performance at its Champion brand, the apparel group reported a 15.7% decline in income in Q3 2018, impacted by a $14 million charge related to the Sears bankruptcy.
It has been five years since London Designer Outlet opened its doors in Wembley, and the outlet centre continues to be a bright spot in UK retail while the high street struggles to cope with online competition.
The British online beauty and lifestyle retailer has opened the doors of a new 800,000 sq ft fulfilment and manufacturing facility in Wroclaw, Poland, that will serve the "crucial" German and Central European markets.
Sports Direct International Plc, the sportswear group controlled by billionaire Mike Ashley, said on Wednesday it had paid 8 million pounds ($10.2 million) to buy Evans Cycles after it fell into administration.
Estée Lauder dismissed fears of a slowdown in China as its quarterly results beat Wall Street estimates on Wednesday on booming demand for cosmetics and high-end skincare products in the Asian country.