The tough trading backdrop continues to hurt results at Oasis and Warehouse with the year to March 2 showing the firm is still in turnaround mode. But at least pre-tax profit was £1.6m, up from a loss last time.
Following the spin-off of its denim business earlier this year, the Denver, Colorado-based apparel and footwear company has announced a new strategic growth plan, as well as an updated logo and corporate identity.
The Croatian designer has hired Christophe Mélard, formerly at Sergio Rossi, as his label’s new CEO. He also licensed the production of his ready-to-wear line to Jato Group, and is thinking about showing in Paris again.
Sainsbury’s had good news around its clothing sales on Wednesday as they rose in Q2 after having been less strong of late. But the company had less to shout about around its Argos ops that continued to struggle.
A new study from Quantum Metric has revealed that shoppers have high expectations for e-tailers on Black Friday, and are more than willing to take their money to a site’s competitors if their experience is too slow.
With 12,000 stores projected to close in the US by the end of this year, and the apparel and accessories sector expected to suffer particularly heavy casualties, Amazon looks likely to turn the situation in its favor.