The cosmetics company announced Q4 sales of $92.7 million on Wednesday, representing an increase of 24% from $74.7 million in the prior-year period and the company’s ninth consecutive quarter of revenue growth.
Abercrombie & Fitch Co reported a bigger-than-expected 61% jump in first-quarter sales on Wednesday, as the apparel retailer benefited from shoppers returning to its stores and using its beefed-up online business.
French group Kering said Wednesday it will sell a further $1 billion worth of shares in Puma as it continues to unwind its investment in the sneaker and sportswear maker to focus on higher-end luxury brands.
After an “extraordinary year” and some trading figures to forget, British Land’s CEO said the UK property giant was now fully focusing on the “strong progress" made across his priority areas set out in November.
M&S has delivered a bleak full-year earnings report, although the bad news was far from unexpected. In year to April 3 — which included three lockdowns during which its clothing departments were shut — sales plummeted.
The American lifestyle retailer achieved a “record” $927.4 million in total net sales in the first quarter ended April 30, 2021, representing increases of 57.6% from the prior-year period, and 7.3% from two years ago.
This week, following in the footsteps of mighty conglomerates like LVMH and Kering, New Guards launched its own eyewear division, spearheaded by Francesco Ragazzi, the creative director and founder of Palm Angels.
JD.com-backed fashion e-commerce startup Pomelo plans to boost revenue by offering its own technology in analytics and demand forecasting to other fashion brands in the region, amid slowing offline sales.