Following reports of burgeoning fourth quarter sales, the Philadelphia-based lifestyle company released its full Q4 and fiscal year 2018 results on Tuesday, with income suffering from a sharp peak in tax rates.
IKEA Group, the world's biggest furniture retailer, will maintain or raise already high levels of investment in coming years as it adapts to fast-changing shopping habits, its new CFO said on Wednesday.
Abercrombie & Fitch Co beat expectations for holiday quarter sales at established stores, driven by demand for its Hollister apparel and a rebound in sales at its Abercrombie brand after five years of declines.
New Look has officially announced its long-rumoured company voluntary arrangement (CVA) proposal with which it’s targeting a reduction in its store count and rent costs, and almost 1,000 jobs are at risk
El Corte Ingles is preparing to accept non-cash payments through the Alipay payment system across its store portfolio, following a new agreement with e-commerce company Alibaba to attract more Asian consumers.
Target Corp said on Tuesday it expects profit margins to stabilize in the year ahead even as they are pressured by investments in store and online operations, sending its shares down more 4 percent in afternoon trading.
New beauty tech platform bgX has launched a partnership with Uber which starts with London (assuming Uber’s ban there will be overturned), Paris and Dubai, “connecting professional hair salons to their communities.”
Yoox Net-A-Porter is in line with its five-year plan and core profit margins will rise 30-70 basis points in 2018, as revenue is lifted by sales through mobiles and in the Middle East, the group’s CEO said on Tuesday.
House of Fraser’s Chinese owner is planning to sell its majority stake in the under-performing department store chain to another Chinese entity, it confirmed on Tuesday. But it will keep a large holding in the retailer.