Sosandar reported revenue of 3.98 million pounds for the three-month period ended 31 December 2020, up 6 percent year on year delivered with a 1.61 million pounds (66 percent) reduction in marketing spend. The company said in a statement that EBITDA loss reduced by 60 percent compared to the same period […]

For the four months to December 31, 2020 Asos Plc said, group sales were up 23 percent to 1,364.1 million pounds, supported by investment into capturing available demand and building customer momentum. Gross margin in the period was negative 90bps reflecting continued ‘lockdown’ category product mix, […]

Urban Outfitters, Inc. reported total company net sales for the two months ended December 31, 2020, decreased 8.4 percent over the same period last year, while comparable retail segment net sales decreased 9 percent due to negative retail store net sales. The company said in a statement that stronger […]

The Hut Group (THG) has raised its full-year guidance for the third time since launching its IPO in September 2020 following a surge in Q4 revenues. The British online retailer, which owns brands MyBag, Coggles, and All Sole, saw revenues soar 51 percent to 558.7 million pounds in the three months ended […]

Lands’ End, Inc. has raised its guidance for the fourth quarter ending January 30, 2021 and now expects net revenue to be between 528 million dollars and 533 million dollars, an increase from prior guidance of 500 million dollars to 520 million dollars. The company said, net income is expected to be […]

Edinburgh Woollen Mill (EWM), Bonmarché and Ponden Home - which were all part of Philip Day’s collapsed EWM Group - have reportedly been saved after their administrators struck a deal with international investors. Administrators at FRP Advisory have issued sale contracts to the potential buyer, in a […]

US fashion company G-III Apparel has reportedly entered the race to acquire assets from the collapsed Arcadia Group. Nasdaq-listed G-III Apparel has joined a list of potential parties interested in snapping up brands from the failed British retail empire, The Telegraph reports. Arcadia, whose portfolio […]

British shopping centre operator Landsec has seen a year-on-year drop in collected rent for the final three months of the year as retailers struggle to make payments. The company announced Tuesday that 112 million pounds worth of rent was due on the 25 December payment date, but only 65 percent of that […]

Shopping centre owner British Land had collected just 46 percent of its December retail rent, as of January 7. In a statement, British Land, which owns the Meadowhall shopping centre in Sheffield and Ealing Broadway shopping centre in London and Drake Circus in Plymouth, said that December rent collections […]

Jewellery retailer Pandora has released preliminary and unaudited results for 2020, ahead of its Q4 2020 Interim Report to be released on February 4. In the statement, it said the move was to comply with the disclosure rules for companies listed on Nasdaq OMX Copenhagen, and that based on unaudited […]

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