For the year to December 31, 2018, Pentland Group Plc reported total group revenue growth of 38.9 percent to 5.1 billion pounds (6.4 billion dollars), which the company said was driven by a record performance from JD Sports Fashion plc. The company said, group operating profit increased by 9.3 percent […]

Monsoon Accessorize has won approval from its creditors to seek rent cuts in over half of its stores as part of a restructuring strategy. The Company Voluntary Arrangement (CVA) proposal was initially put forward on 20 June, and proposed rent cuts in 135 of the company’s 258 leased stores. On Wednesday, […]

Online beauty and wellbeing retailer The Hut Group (THG) has reported strong full-year results for 2018, posting surges in both sales and profits. Group sales at the Manchester-based company increased 24 percent for the year ending 31 December to 916 million pounds, compared to 736 million pounds in […]

Fast Retailing, the parent company of Japanese casual brand Uniqlo, has pledged to eliminate the use of unnecessary plastic throughout its supply chain and to reduce the amount of single-use plastic handed to customers by 85 percent, or around 7.800 tons annually, by the end of 2020. Stores in 12 countries […]

Retail giant Amazon has announced plans to create over 2,000 permanent jobs in the UK in 2019, increasing its total permanent workforce to more than 29,500. The company said it is looking for engineers, software developers, data scientists, and cloud and machine learning experts, along with a number […]

The board of directors of JD Sports Fashion Plc is confident that the company is on track to deliver headline profit before tax for the full year, or equal to current consensus market expectations. Peter Cowgill, the Executive Chairman of JD Sports Fashion Plc, said in a statement: "On 16 April 2019, […]

J Sainsbury plc has said that general merchandise sales in the first quarter to June 29, 2019, declined by 3.1 percent, while clothing sales declined by 4.5 percent. "In a tough trading environment, we gained market share in key general merchandise categories and in clothing, where we are now the UK's […]

Sosandar Plc has announced that the revenues increased by 228 percent to 4.44 million pounds (5.58 million dollars) for the year to March 31, 2019, driven by a variety of factors including the continued success of customer acquisition activities across multiple channels, increased average order values […]

L’Oreal has confirmed that it has entered into an exclusive negotiation with the Clarins Group to acquire the Mugler fragrance and fashion businesses, as well as the Azzaro fragrance brand and accessories. The move, which it said remains “subject to consultation” will be completed later this year, is […]

Employees of the luxury lingerie label La Perla have gone on strike in protest of the company’s potential plans to cut at least 100 roles from its headquarters in Bologna, according to Fashion Network. Currently, the label has 430 employees — this cut would affect about one quarter of the brand. At […]

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