Thanks to £84.9 million worth of successful insurance claims and careful cost management, tradesows giant Hyve “is focused on emerging from the pandemic stronger", it said in its interim results Tuesday.
Walmart Inc on Tuesday raised its full-year earnings forecast after shoppers armed with government stimulus checks ventured back into stores, driving demand that is expected to continue through the year.
Macy's on Tuesday raised its annual sales and profit forecasts, as speedy vaccinations encourage Americans to return to its stores to upgrade their wardrobes after being stuck at home for more than a year.
Landsec is “poised for recovery” after the toughest of trading years, the UK landlord said in its annual results statement on Tuesday. And that recovery won’t include its retail park portfolio, which is to be sold.
Budget shoe retailer Shoe Zone on Tuesday reported a loss for the six months to April 3 on the back of lower sales, although this was hardly a surprise given how weak the footwear category has been during lockdowns.
Ibiza boutique Revolver has launched an own-brand collection for the first time with founders Catherine and Jean-Paul Sanchez working with British design director Cat van Baal on the trans-seasonal re:001 line.
The luxury goods sector could shrug off the hit from the coronavirus crisis as early as this year as Chinese and U.S. shoppers help sales recover to pre-pandemic levels, consultancy Bain said on Monday.