REPORTFor the four months to December 31, 2015, retail sales at Asos increased 22 percent or 2 percent on a constant currency, with UK retail sales rising over 25 percent and international retail sales up 20 percent. International retail sales were 54 percent of the total sales compared to 55 percent […]

REPORTFor the third quarter ended December 31, 2015, Richemont sales declined by 4 percent at constant exchange rates. Sales increased by 3 percent at actual rates. The company said that the jewellery segment witnessed growth across most of the regions and product categories, partly compensating weak […]

Quiksilver Inc. is negotiating with banks for a loan that would help finance its business after it exits bankruptcy, according to two people with knowledge of the matter. As reported by Bloomberg, Bank of America Corp. and JPMorgan Chase & Co. are among lenders discussing an asset-backed credit line […]

REPORTWhite Stuff reported successful Christmas trading period with total sales increasing over 20.1 percent and like for like sales increasing by over 11 percent against last year. Online sales delivered strong growth at over 40.7 percent, achieving a 29.4 percent mix of total sales. Mobile and tablet […]

REPORTTed Baker has announced a 10.1 percent or 10.6 percent constant currency increase in retail sales for the eight week period from November 15, 2015 to January 9, 2016, compared to the equivalent dates last year. Average retail square footage rose by 7.5 percent over the period. Commenting on trading, […]

REPORTShoe Zone for the 52 weeks to October 3, 2015 reported revenue decline of 3.5 percent to 166.8 million pounds (241 million dollars), which it said was due to the planned closure of loss making stores and as a result of difficult trading conditions in the first half. Despite volumes increasing, […]

Irish value fashion retailer Primark has entered a partnership with the UK Department for International Development (DFID) to improve working conditions for garment workers in developing countries, specifically in Primark's five key markets Bangladesh, Pakistan, Burma, Ethiopia and India where the DFID […]

Aéropostale in its business update inclusive of plans to institute a new cost reduction program, while reconfirming the fourth quarter guidance said that as part of its new cost reduction program, it plans to reduce corporate headcount by approximately 100 positions, or 13 percent, by the end of fiscal […]

ANALYSISHouse of Fraser has provided reason for optimism with a strong holiday season sales update. The upscale retailer has won the battle so far, after Next and Marks & Spencer posted gloomy trading updates for the festive period. The success of House of Fraser resides with its e-commerce channel, […]

REPORTMatalan, for the 13 weeks ended November 28, 2015 reported total revenue of 302.5million pounds (437.6 million dollars) and EBITDA of 32.2 million pounds (46.5 million dollars) against 39.6 million pounds (57.2 million dollars) last year. Full priced sales mix increased over 2.6 percent. Commenting […]

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