Gap Inc on Thursday raised its full-year net sales forecast for the second time, betting on hot demand for its Old Navy and Athleta clothing brands as socializing makes a comeback with easing pandemic curbs.
There was some good news coming out of Marks & Spencer for once on Friday as it upgraded its profit outlook after shoppers went online to buy more of its revamped clothing offer and also bought plenty of its foods.
Footwear brand Clarks has been facing major challenges in recent periods but the company has scored a notable success with its email personalisation drive and has used technology to boost conversion in this area.
LK Bennett is launching the fashion rental service that was flagged earlier in the year. LK Borrowed, its first monthly subscription rental service, lets shoppers “rent some of our most popular pieces”, it said.
As Adidas builds on its restructuring programme in Europe, Marina Moguš has been promoted to managing director of its key Central Europe operations. She moves up from the post of general manager of Eastern Europe.