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 […]

Fast Retailing Co., the parent company of Japanese casual brand Uniqlo, has signed a global partnership with UN Women to promote women’s rights and empowerment in the apparel industry. The two-year joint project will focus on three areas: promoting women’s career progression by providing leadership […]

Total sales at John Lewis for the week to June 29, 2019, were up 4.1 percent on the same week last year as the company said, summer clearance continued to perform well and price matching competitor promotions drove sales in shops and online. The company added that fashion sales were up 7.6 percent, […]

Top execs from Bonmarché have sold their stakes to Edinburgh Woollen Mill owner Philip Day just weeks after the UK retailer advised shareholders to ignore his takeover bid. Chief executive officer Helen Connolly, chief financial officer Stephen Alldridge, and senior independent non-executive director […]

Uniqlo Japan, part of the Fast Retailing Group has reported 27.3 percent jump in June 2019 same-store sales including online sales. The company said, total sales including online sales increased by 26.9 percent. Uniqlo Japan has attributed the rise in same-store sales in June to strong sales of summer […]

Footwear retailer Office is reportedly mulling a company voluntary arrangement (CVA). The company has appointed advisory firm Alvarez & Marsal (A&M) to draw up a CVA plan which could see the closure of some of its roughly 100 UK stores, Sky News reports. It is unclear whether any of the retailer’s overseas […]

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