Mulberry is in the news because of Frasers Group’s potential takeover bid at present, but on Thursday, it also hit the headlines with its half-year results… and they made for encouraging reading.
As the Texas-based department store retailer continues on its path out of bankruptcy, it has received court approval for a restructuring plan involving the creation of separate property holding companies.
The company's losses widened to 10.4 million euros, with online sales growing 25.5% to represent 21.8% of total revenues, which were 26 million euros. The Galician brand has also announced a new international director.
Italian luxury group Aeffe said on Wednesday it had signed a multi-year licensing agreement with influencer Chiara Ferragni.
Following their store debut on Carnaby Street, the Rolling Stones have unveiled a global e-commerce shop equipped with a 360° virtual experience “so customers can shop inside the store from anywhere in the world”.
Shares of Ozon Holdings Plc soared more than 40% in their debut on Tuesday, after the Russian online retailer raised nearly $1 billion in its upsized initial public offering.
Analysts believe that up to 60 Debenhams stores could still close next year despite JD Sports reportedly being in exclusive talks to acquire the entire business.
More and more retailers and brands are seeking ways to boost their sales in this difficult year and beyond and brand link-ups are a way forward. The latest is between male make-up brand War Paint For Men and Reiss.
The American fashion company reported a 5% increase in comparable sales in Q3 on Tuesday and announced the appointments of a new chief growth officer and a new president and CEO of Banana Republic.
The Fort Myers, Florida-based fashion retailer announced a year-over-year decline of 27.5% in its third-quarter revenues on Tuesday, as the Covid-19 pandemic continues to negatively affect the company’s in-store sales.
American Eagle Outfitters Inc reported an about 3% fall in third-quarter revenue on Tuesday, as store traffic slumped due to the COVID-19 pandemic.
Nordstrom Inc missed estimates for quarterly sales on Tuesday as weak store traffic at U.S. fashion retailers during the COVID-19 pandemic hammered demand for formal apparel.
Faced with consumers who are increasingly demanding in terms of brand values, luxury labels are undergoing a sea change, extending their vision beyond products. Gucci more than others, through its unique initiatives.
Abercrombie & Fitch is to close a selection of major flagship stores, including London, Paris and Munich, it announced with its latest set of results on Tuesday. The stores have been a major drag on its performance.
Tiffany & Co beat Wall Street expectations for quarterly profit on Tuesday as the U.S. jeweler benefited from an over 70% rise in sales in China and a recovery in demand at home.
