New York - The British fashion retailer has put its ownership in the hands of its lenders after failing to repay its piling debt, currently at the 1.35 billion pounds mark. The deal will see 72 percent of the business secured by New Look’s creditors. New Look started the week on a positive note: after […]

Lululemon Athletica Inc., updating its net revenue and earnings guidance for the fourth quarter of fiscal 2018 ending February 3, 2019 has said that the company now anticipates net revenue to be in the range of 1.140 billion dollars to 1.150 billion dollars based on a total comparable sales increase […]

Shop Direct, which operates multi-category digital retailers Very and Littlewoods, increased group revenue by 3.7 percent year-on-year for the seven weeks up to and including December 28, 2018. The company said, group’s performance was driven by 8.8 percent year-on-year growth at Very, its largest and […]

For the cumulative 48-week period to January 5, 2019, JD Sports Fashion Plc has reported 15 percent sales growth across its global Sports Fashion fascias excluding the recent acquisitions of Finish Line in the United States and Sport Zone in Iberia. JD Sports is confident that the headline group profit […]

The Adolfo Dominguez group has said that the growth of comparable sales at constant exchange rate in the fiscal third quarter was 10.7 percent, with respect to the same period of 2017. The total sales in these nine months were down 2.6 percent to 75.9 million euros and attributed net result for the […]

Growth in the UK economy has slowed in the three months to November to its weakest pace in six months. The economy grew by 0.3 percent in this period, down from 0.4 percent in the three months to October, according to new data by the Office for National Statistics (ONS). The economy grew by 0.2 percent […]

Chico's FAS, Inc. has announced strategic initiatives to build on the company's omni-channel platform, which include rebalancing the mix between its physical store presence with its digital network and to close at least 250 stores in the US over a three-year period. The company has also updated its […]

The European Commission has launched an in-depth investigation into Nike’s tax arrangements in the Netherlands, looking to examine whether the country’s tax administration body, Belastingdienst, has given the sportswear giant an unfair advantage over its competitors. Between 2006 and 2015, Dutch authorities […]

Moss Bros Group Plc, for the 23 week period to January 5, 2019, including the Christmas trading period, reported 0.6 percent rise in total sales ahead of last year and a drop of 1 percent on a like for like basis. The company said that the performance has shown an improving trend across the first ten […]

Quiz Group revenue increased by 8.4 percent in the six-week period from November 25, 2018 to January 5, 2019 against the comparable period last year, while the group’s online revenue increasing by 34.1 percent. Given the continued uncertainty with regards to consumer demand and associated spend, the […]

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