SMCP has continued its run of impressive results with the owner of the Sandro, Maje and Claudie Pierlot brands saying that it saw double-digit sales growth last year with its turnover above €1bn for the first time.
Fashion brands need to put their foot down and take action to prevent “a race to the bottom” in terms of discounts that threaten whole fashion retail eco-system, Farfetch CEO José Neves told FashionNetwork.com.
Kurt Geiger has reported strong results in its latest financial year but analysts are concerned that the problems at UK and US mid-market department stores will make life tougher for the footwear retailer.
French Connection said it's making progress and will be profitable again by year-end. But in H1, sales fell and it remained loss-making, despite wholesale in the UK, Europe and US firing on all cylinders.