Foot Locker, the giant sportswear retailer, on Monday stated its COO Richard Johnson will take the company\'s helm when its chief executive Ken Hicks retires on December 1st. Hicks, 61, was appointed CEO in 2009, arriving from JC Penney, and he said in an interview with The Wall Street Journal that […]

REPORT_ Sales at Primark, a part of Associated British Foods, were 17 percent ahead of last year at constant currency at the end of September 13, 2014. This positive development was driven by an increase in retail selling space with like-for-like sales growth of 4 percent, and rise in sales in the new […]

REPORT_ The Hugo Boss Group achieved higher sales and earnings in the first nine months of 2014, on the back of sales growth in all regions and distribution channels in the third quarter. The Group\'s currency-adjusted sales rose by 9 percent in the third quarter. The company expects a currency-adjusted […]

REPORT_ Michael Kors Holdings announcing its financial results for the second quarter ended September 27, 2014 said that its total revenues increased 42.7 percent to 1.1 billion dollars from 740.3 million dollars in the second quarter offiscal 2014. Retail net sales increased 39.4 percent to 495.6 million […]

French luxury conglomerate LVMH and Hermès have revealed details surrounding the settlement agreement which will put an end to the four year dispute regarding LVMH\'s increasing 23.2 percent stake in Hermès, which is estimated to be worth nearly 6.5 billion euros. In September the two […]

REPORT_ The iconic department store posted sales in fiscal 2013 of 1.2 billion pounds, an increase of 10.4 percent on the year before. Selfridges, which is a privately-owned company and releases only partial results, said that operating profit jumped 12.3 percent to 150 million pounds. The group said […]

REPORT_ AllSaints from Spitalfields has seen its sales grow more than 10 percent in the past year, from 197 to 219 million pounds. The directional high street brand is owned by Lion Capital, which also operated Jimmy Choo and more recently the Dutch department store Hema. The company's losses dropped […]

REPORT_ For the year ended 1 February 2014, Harrods reported a climb in turnover of 11 percent to 108.8 million pounds, compared with 716.3 million pounds the previous year. The department store called it \'another record year\' and was able to pay out a dividend of 117.6 million pounds to owner Qatar […]

Beloved British retailer Marks & Spencer´s is said to be the next in joining apparel peers such as Supergroup or Next in issuing an earnings warning based on the effects of extremely warm weather in autumn. According to market sources consulted by Reuters, Marks & Spencer is set to report its […]

SuperGroup (SGP.L), owner of Superdry brand, has surprised the market with a lower full-year profit guidance, following the likes of Next or N Brown, just to mention but a few. The spooky notice was argued as those of its British fashion peers: the demand for its winter collection has sharply fallen […]

Related news

MORE NEWS

 

LATEST JOBS

 

MOST READ