For its fourth quarter ended February 2, 2019, Burlington Stores, Inc. reported total sales increase of 2.8 percent to 1,991 million dollars. Excluding the 53rd week last year, the company said, total sales increased 7.4 percent with new and non-comparable stores contributing an incremental 173 million […]

Retail tycoon Mike Ashley has announced his intention to take over the struggling department store chain Debenhams. Sports Direct International announced through a statement that it has requisitioned a general meeting of Debenhams plc (Debenhams) to appoint Ashley to the board of directors of the company […]

UK fashion and accessories brand LK Bennett has gone into administration, resulting in 55 redundancies and five store closures. The stores which have shut are Sheffield in the Meadowhall shopping centre, Bristol, Liverpool and Brent Cross and Westbourne Grove in London. Accountancy firm EY is overseeing […]

Primark has announced that it will be moving 220 UK-based product operation roles to its Dublin headquarters. Redeployment will begin in September 2019 and will affect buying, merchandising, design, quality and sourcing operations staff at the company’s Reading office. At the moment, these operations […]

The Cato Corporation reported sales of 59.1 million dollars for the four weeks ended March 2, 2019, a 12 percent decrease over the four week period ended March 3, 2018. The company said, same-store sales for the month decreased 10 percent from the prior year. "February same store sales were well below […]

Premium British sportswear brand Castore has confirmed that British tennis star, Andy Murray has become a shareholder in the business and will take on the role of board advisor, as part of its ongoing long-term partnership. Castore, which was founded by brothers Tom and Phil Beahon in 2015 and named […]

Shares in UK women’s fashion retailer Quiz dropped by 50 percent on Thursday after the company issued its second profit warning of the year amid an “uncertain consumer spending backdrop”. While the company said it had continued to increase sales online during the period with group online revenue up […]

In what it called a challenging market context, John Lewis & Partners said due to near constant discounting across many categories from October onwards in response to the combination of subdued demand, excess retail space and some other retailers’ distress, sales improved marginally by 0.7 percent and […]

Amazon has unveiled a new programme to boost gender diversity and inclusion across its UK business. The new Amazon Amplify programme aims to ramp up the number of women in tech and innovation, improve diversity on interview panels and remove the biggest barriers to career progression cited by women […]

For the full year, sales of the Hugo Boss Group, the company said in a statement, rose by 2 percent to 2,796 million euros (3,160.7 million dollars) in 2018 and on a currency-adjusted basis, the increase was 4 percent. The company added that decline in gross profit margin is mainly due to investments […]

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