There was good news and bad from UK supermarkets giant Sainsbury's on Wednesday as the company’s third-quarter trading statement (the 15 weeks to January 4) showed weak sales, although fashion was stronger.
Trading stayed challenging at M&S in Q3 with the retail giant reporting just a 0.2% like-for-like sales rise and a total UK sales fall of 0.6%. Yet while Clothing & Home was down, at least the rate of decline slowed.
2019 has been the year in which sustainability has been the keyword for both consumers and businesses, but while progress is being made in some areas, there’s still plenty of work to do, a new report showed on Thursday.
Capri Holdings Limited (owner of Michael Kors, Versace and Jimmy Choo) has signed a deal to buy Italian shoemaker Alberto Gozzi, which will initially become the footwear producer for Versace and Jimmy Choo.
Superdry delivered plenty of negative numbers with its half-year results on Thursday but they'd largely been expected as the company is deep in a reset strategy and it said this is showing early signs of working.
The American footwear company reported slight increases in sales and earnings per share for the third quarter on Monday, but trimmed its full-year outlook for fiscal 2019 to reflect the impact of new tariffs.
Capri Holdings faced some challenges in Q2 but the company is upbeat about the prospects for its trio of power brands as Versace gains traction, Michael Kors returns to positive comparable sales and Jimmy Choo expands.
Clarks is continuing to struggle with the company’s 2018/19 results release showing that UK and Irish sales fell by as much as £36.7m to £561.1m in the year to February, while Europe and US shop sales were also weak.