Target Corp holiday season sales jumped as Americans ordered everything from home goods, toys and groceries online, helping the company exceed Wall Street expectations with an 118% surge in digital sales for the quarter.
Abercrombie & Fitch forecast first-quarter net sales above estimates on Tuesday after tightened costs and surging online sales of sweaters, fleece tops and knit bottoms made for a better-than-expected quarterly profit.
French Connection said on Tuesday it was mulling a sale and sought potential suitors as Spotlight Brands and Gordon Brothers backed out from making an offer to buy the struggling British fashion retailer.
JD Sports Fashion may have lost out in the bidding race for some of Arcadia’s prime fashion brands but it has had more luck in the real estate stakes.
Inditex staff in Spain say they are being forced out as the owner of fast-fashion brand Zara rolls out its plan to shut up to 1,200 stores worldwide, despite a company agreement with Spanish unions to project jobs.
German retail sales tumbled more than expected in January as an ongoing lockdown curtailed retail spending in Europe's largest economy, data showed on Tuesday.
Alibaba and Ant Group founder Jack Ma has lost the title of China's richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators.
eBay and Adevinta said on Tuesday that the’ve reached an agreement that will satisfy the UK's competition watchdog over their planned megadeal for their classifieds businesses.
The American owner of stores including Foot Locker and Runners Point has announced revenue of $7.55 billion for 2020, down 5.7% from the previous year, while the company's net earnings fell 34% to $323 million.
If anybody needed confirmation of how important fashion resale has become, it came on Monday with the announcement by France’s Vestiaire Collective of a new €178m financing round backed by Kering, among others.
Failed upscale menswear retailer Pink Shirtmaker is set to make a return. The LVMH-owned brand, which went on the block before Christmas, has been bought by Nick Preston, a former JD Sports Fashion trading director.
Global Fashion Group’s Q4 results on Monday showed the company continuing to grow its sales and reaching its first-ever positive adjusted EBITDA figure for the full year.
Selfridges had already flagged the fact that its sales rose and its net profits fell in the year to February 2020, but it has now officially filed its annual results and the full extent of that performance can be seen.
In The Style Fashion Limited has formally announced its intention to float on AIM — the same market of the London stock exchange that hosts the listings for ASOS and Boohoo. Its shares should debut on March 17.
This week’s UK Budget is set to include £5 billion of funding for grants (known as restart grants) to struggling businesses, including shops and salons.
