Online retailer The Hut Group, which includes MyBag.com, TheHut.com and Coggles, has announced that it plans to invest 100 million pounds in a new distribution and manufacturing centre in Warrington, creating 2,000 jobs over the next three years. The investment was announced as the Chancellor of the […]

Bank Fashion’s joint administrators William Dawson, Daniel Smith and Paul Meadows of Deloitte, have appointed Savills to advise on selling the retail chain’s store portfolio. The fashion chain, which is headquartered in Bury and operates 84 stores across the UK, brought in administrators last week putting […]

REPORT Steve Madden has announced preliminary sales results for the fourth quarter and fiscal year ended December 31, 2014 and updated its fiscal year 2014 EPS guidance. For the fourth quarter, net sales were 342.6 million dollars, approximately flat to the same period of 2013. For fiscal year 2014, […]

REPORT British fashion label owned by Jon Moulton’s private equity house Better Capital reported like-for-like sales rise of 8 percent in the 13 weeks to January 3, 2015. Total revenues climbed 8.3 percent during the period under review. Womenswear sales increased 6 percent and menswear, 14 percent […]

REPORT L Brands reported net sales of 2.207 billion dollars for the five weeks ended January 3, 2015; an increase of 5 percent, compared to net sales of 2.098 billion dollars for the five weeks ended January 4, 2014. Comparable store sales increased 4 percent. The company reported net sales of 10.671 […]

REPORT Gap today reported that the company’s net sales were up 4 percent and comparable sales were positive 3 percent for the November and December 2014 holiday shopping season, compared with last year. “During November and December, we were pleased to achieve a positive 3 comp, led by Old Navy with […]

REPORT Macy's announced that its comparable sales on an owned plus licensed basis rose by 2.7 percent in the months of November and December 2014 combined, compared with the same period last year. This tracks within the company's guidance, provided on November 12, 2014, for a comparable sales increase […]

REPORT Pacific Sunwear of California said that its comparable store net sales during the month of December increased 9 percent compared to the same period a year ago. “We have had an excellent Holiday season with strong sales performance in both men's and women's and an estimated 400-500 basis point […]

REPORT Urban Outfitters has announced record net sales for the two months ended December 31, 2014. Total company net sales for the two months increased to 785 million dollars or 10 percent over the same period last year. Comparable retail segment net sales, which include comparable direct-to-consumer […]

REPORT Aeropostale total net sales for the nine-week period ended January 3, 2015 decreased 11 percent to 507.8 million dollars, from 572 million dollars for the nine-week period ended January 4, 2014. Comparable sales, including the e-commerce channel decreased 9 percent compared to a 15 percent decrease […]

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