OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
The New West End Company estimates that 90% of all fashion brands on London’s Oxford Street, Bond Street and Regent Street will offer their own sportswear ranges by 2020.
Fashion sales soared online during March, but while that could have been due to easter, the latest IMRG Capgemini e-Retail Sales Index suggests we could also be seeing fundamental changes in UK retail.
Q4 proved difficult for Bonmarché Holdings but the company preferred to focus on achieving its profit goals for the year and its impressive online sales rise when it released a trading update on Friday.
U.S. footwear firm Skechers Inc. saw double-digit sales growth in the first quarter of 2018. However, a softer current-quarter sales guidance saw shares tumble late Thursday afternoon, after a stellar 2017 stock.
Available in the UK for the last five years through department store chain Debenhams, the Kidiliz group-owned Levi's Kids brand is hoping to boost its visibility in the country with pop-up stores in 100 locations.
After close to ten years of trademark disputes, the companies have announced that they have come to an agreement which will put an end to all the court cases currently involving the two parties.
Matt Smith is leaving the department store chain to take up the position of finance director at Selfridges. The announcement follows disappointing interim results on Thursday.
The news just gets worse for New Look with the struggling fashion retail giant having seen credit protection insurance withdrawn by HSBC for some of its suppliers
Clothing brand Superdry has launched a worldwide music programme, SuperdrySounds, in partnership with a live entertainment company.
