How bad was UK retail last month? On the footfall front it was very bad indeed. Ipsos Retail Performance’s Retail Traffic Index showed store visits dropping 9.1%. But was it a sign of worse to come or a one-off blip?
Fenwick’s profits fell in the year to January as the UK market proved challenging and turnover was also down slightly. But the firm is staying upbeat as it works on modernising its business and searches for a new CEO.
Chinese e-commerce giant Alibaba Group Holding Ltd said on Thursday its quarterly revenue climbed 61 percent to 55.12 billion yuan (£6.3 billion) in revenue, helped by growth in its core e-commerce business.
Marimekko may be quite low-key when it delivers its earnings announcements but its high-profile prints are clearly making an impact on consumers, despite the tough market and a few difficult years for the business.
The buzz-building campaign for the new Erdem x H&M collection that launched today appears to have worked well, perhaps too well with the firm’s website crashing as it went on sale at 09:00 GMT this morning.
Hanesbrands saw sales climb 2 percent in the third quarter ended Sept. 30, to $1.8 billion, returning to organic sales growth, for the first time in eight quarters. The firm now expects full-year sales of $6.45 billion.
Saks Fifth Avenue owner Hudson’s Bay Co said on Wednesday it had received a bid for its German department store chain Kaufhof from Signa Holding, the Austrian property and retail group that owns Karstadt.