Has the devastation of the UK high street made a dent at the value and older end of the fashion market? Bonmarché gave us some clues on Monday when it issued first-half results and it seems to be making progress.
Shares of sports retailers soared on better-than-expected earnings from Foot Locker Inc, Shoe Carnival Inc and Hibbett Sports Inc as the companies sold more premium shoes and cut stocks of low-margin ones.
Deckers Brands filed a letter to stockholders on Friday touting the company’s turnaround strategy, a move against activist shareholder Marcato Capital Management, which is seeking drastic changes to the company.
If there was anything Azzedine Alaïa, the revered designer who died aged 77 this weekend, enjoyed more than actually making clothes, it was a meal with his “family” of supermodels, bold face names, artists and stars.
Outlet centre giant McArthurGlen saw sales rising fast in the last year as tourists from outside of Europe and price-conscious locals bought into its offer while higher-end new brands signed up to its malls