Marks & Spencer has acquired loss-making fashion retailer Jaeger out of administration for an undisclosed sum. The purchase includes the acquisition of Jaeger's brand and stock, but not its 63 remaining standalone stores. Jaeger, which was previously owned by Edinburgh Woollen Mill (EWM) Group, fell […]

Columbia Sportswear Company has appointed Tim Sheerin as Senior Vice President of U.S. Sales for the Columbia brand. In his new role, the company said, Sheerin will report to Franco Fogliato, Executive Vice President, Global Omni-Channel. “Tim brings a wealth of experience in commercial leadership,” […]

In its updated fourth quarter 2020 plan, Abercrombie & Fitch Co. said, it now expects net sales to decline in the 5 percent to 7 percent range versus plan of down 5 percent to down 10 percent, reflecting ongoing digital momentum offset by store closures and capacity restrictions in North America […]

Harvey Nichols has announced the appointment of Clare Horner as Beauty Director with immediate effect. The company said in a statement that Horner will lead and further develop the beauty and beauty services strategy, reinforcing Harvey Nichols’ unique position as the first-choice destination for beauty […]

Over 250,000 small businesses across the UK are set to fold in 2021 according to findings by the Federation of Small Businesses (FSB). Its latest index shows confidence at its second lowest ebb in the ten year history of its report. The figures echo research by McKinsey and Company, which said in September […]

Comparable sales at Zumiez Inc. increased 1.7 percent for the ten-week period ended January 9, 2021, while total sales decreased 0.7 percent impacted by required governmental closures and other restrictions associated with the Covid-19 Pandemic. The company said in a statement that from a regional perspective, […]

Crocs, Inc. has raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20 percent to 25 percent. “Amidst a global pandemic in 2020, we will deliver the strongest revenue in Crocs’ history,” said Andrew Rees, the company’s Chief Executive Officer in a statement, adding, […]

Destination XL Group, Inc. has announced 23.9 percent drop in its holiday sales to 78.4 million dollars. The company said in a statement that comparable sales in the omni-channel retail business for the same period decreased 24 percent, primarily due to a decrease in comparable store sales of 38.1 percent, […]

Lululemon Athletica Inc. now expects revenue and earnings to be at the high end of its prior range of expectations for the fourth quarter of fiscal 2020 ending January 31, 2021. Commenting on the updated outlook, Calvin McDonald, the company’s Chief Executive Officer, said in a statement: “We’re pleased […]

Tilly’s, Inc. has announced growth in its net sales for the nine-week period ended January 2, 2021. Total net sales of 148.7 million dollars increased by 3.3 percent for the 2020 holiday period, while total comparable net sales, including both physical stores and e-commerce, increased by 2.7 percent […]

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