Struggling fashion retailer Wet Seal is believed to be slipping closer to a bankruptcy following the closure of 338 stores and the discharge of nearly 3,700 full and part time employees on Wednesday. The store closures came about after "assessing its overall financial condition" and its inability to […]

ANALYSIS "With the first retail administration of 2015 hitting right at the start of the vital January sales period, I expect we’ll see more high profile casualties emerge before the month is up, “warns retail expert at Begbies Traynor, Julie Palmer. As reported by the ‘Manchester Evening News’, retail […]

ANALYSIS Shares in online fashion retailer Boohoo dived more than 40 percent after it issued a profit warning. The online fashion retailer dived sharply in the London Stock Exchange after it said full-year earnings were set to be "below current market expectations" after it was hit by fierce price competition […]

REPORT The Fast Retailing Group has reported increase in both revenue and profit during the first quarter of fiscal year 2015 spanning September 1 to November 30, 2014. Consolidated revenue totaled 479.5 billion Chinese Yuan (77.1 billion dollars), rising over 23.3 percent year-on-year with consolidated […]

REPORT Marks & Spencer (M&S) has blamed unseasonal weather conditions in October and November and disruption at its Castle Donington distribution centre resulted in clothing sales decline in December. General merchandise sales declined below 5.4 percent with like-for-like sales decreasing below 5.8 […]

REPORT Group sales for the 19 weeks to January 3, 2015 declined by 0.6 percent at constant rates, including fuel and 1 percent excluding fuel. At actual rates, sales declined by 1.9 percent including fuel and by 2.3 percent excluding fuel. The company delivered an improvement in performance across the […]

REPORT Ted Baker announced a 22.8 percent increase in retail sales for the eight week period from November 9, 2014 to January 3, 2015, compared to the same period last year. Commenting on the trading update, Ray Kelvin CBE, Founder and Chief Executive said, “The group has delivered a great performance […]

REPORT In its interim statement for the fiscal year 2014, Van de Velde said that its consolidated turnover increased by 8.8 percent in 2014 from 182.4 million euros (216.2 million dollars) to 198.5 million euros (235.2 million dollars). On a like-for-like basis consolidated turnover was up 7.2 percent. […]

REPORT Zumiez has announced that its total net sales for the five-week period ended January 3, 2015 increased 14.4 percent to 143.4 million dollars, compared to 125.3 million dollars for the five-week period ended January 4, 2014. The company's comparable sales increased 8 percent during the period […]

Dick's Sporting Goods Inc is holding early-stage conversations with a handful of buyout firms about going private, according to people familiar with the matter, unveiled Reuters Wednesday. On the wake of the rumours, shares of Dick's Sporting Goods rose as much as 13.5 percent to 55.88 dollars, giving […]

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