Frasers Group has increased its stake in British luxury handbag label Mulberry from 12.5 percent to 29.6 percent. “We are proud to show our commitment to this growing relationship between Mulberry and the Frasers Group by increasing our investment in this iconic British brand,” Michael Murray, Frasers […]

Marks & Spencer has swung to a H1 loss in a difficult year marked by Covid-19-related store closures. For the six months ended 26 September, loss before tax at the British retail giant was 87.6 million pounds compared to a profit of 158.8 million pounds in the same period last year. Group revenue was […]

The increase in demand towards the end of the third quarter, primarily for wood-based specialty fibers such as Tencel Modal and Lenzing Ecovero, Lenzing said, had a positive impact on the revenue and earnings development, but was still below the level of the previous year. As a result, revenue declined […]

In the month of October, same-store sales including online sales increased by 16.2 percent at Uniqlo Japan, while total sales including online sales increased by 16.5 percent. The company, part of the Fast Retailing Group, said in a statement that October same-store sales rose considerably due to buoyant […]

Zalando SE said that the company achieved profitable growth in the third quarter of 2020. The company’s gross merchandise volume (GMV) and revenue grew by 29.9 percent and 21.6 percent to 2.5 billion and 1.8 billion euros, respectively, driven by the accelerated consumer demand shift towards digital […]

In the third quarter, net sales at Safilo Group S.p.A. reached 219.1 million euros, growing by 3 percent at current exchange rates and 6 percent at constant exchange rates led by the significant rebound experienced by the wholesale market in North America, and the full-quarter contribution deriving […]

With shoppers spending more time online than in physical stores many brands are leveraging data to convert searches into sales. According to Dow Jones, online stores are supercharging search-and-recommendation engines by feeding data into sophisticated algorithms, building predictive models with a level […]

As the summer season comes to a close and further lockdowns loom, UK-based Parker Lane Group advises brands to look into re-evaluating their inventory management practices. The current pandemic has radically torn the fabrics of the retail market: Pre-pandemic business models no longer apply, and brands […]

Danish jewellery brand Pandora has warned that while brand momentum in the third quarter has driven positive sales, recent Covid-19 escalations has created a “new uncertainty” about the peak season trading. In the third quarter, it reports positive sales momentum, with like-for-like sales growing 8 […]

Primark has reported an annual drop in sales and profits following a tough year of Covid-19-related store closures. For the 52 weeks to 12 September, revenue at the retailer fell 24 percent to 5.89 billion pounds, while its adjusted operating profit plummeted 60 percent to 362 million pounds. The retailer, […]

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