Premium fashion retailer Reiss had plenty of good news on Thursday. It announced a move into kidswear for the first time in 50 years, a link-up with Castore, and said that it's recovered strongly from the pandemic.
A trading update from Primark showed the value fashion retailer is on the recovery trail, with profit up on a year ago and strong Q3 like-for-like sales, although Q4 reversed some of that gain due to new restrictions.
Shandong Ruyi, the Chinese group that owns a raft of European brands, continued to struggle in H1. Turnover fell 20.43% with the clothing category down 44.67% and the share of revenue it accounted for dropping sharply.
Footfall in Central and Greater London continued to outpace the rest of the UK in the latest week, says Springboard. Total footfall across the country’s retail destinations fell 1.7% in the 15-21 September period.
U.S. shoppers returning to stores ahead of the back-to-school season helped Target forecast higher same-store sales growth after beating quarterly estimates, even as online demand sharply dropped from pandemic highs.
Walmart Inc increased its annual U.S. same-store sales forecast after beating analysts' estimates on Tuesday, as shoppers coming out of lockdown bought more clothes, travel gear and back-to-school merchandise.