Matalan invests £35 million in price cuts
After a festive season of frantic spending, now come the season of spending less. And Matalan is doing its bit, investing £35 million to lower prices on more than 700…
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Ann Summers secures extra funding for expansion
Ann Summers is bolstering expansion plans announced in September with an additional £8 million in funding. Ann Summers The asset-based money from Secure Trust Bank Commercial Finance (STB CF) will…
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Italian operations exceed 11 billion euros
Translated by Roberta HERRERA Published Jan 8, 2024 With its headquarters, production sites, logistic centers, and units for research and innovation, Italy has become an extremely strategic location for Kering….
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Lululemon, Abercrombie lift outlook on solid holiday sales
By Bloomberg Published Jan 8, 2024 Lululemon Athletica Inc., Abercrombie & Fitch Co. and American Eagle Outfitters Inc. raised their sales outlooks on Monday on the back of a strong…
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UK lost 120,000 retail jobs in 2023
2023 was a bruising year for UK retail with almost 120,000 sector jobs lost and more than 10,000 stores shuttered as inflation and tough economic conditions took their toll. A…
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Tiger Woods and Nike end partnership after 27 Years
By Bloomberg Published Jan 9, 2024 Golf legend Tiger Woods’ nearly three-decade partnership with Nike Inc. has come to an end, Woods said Monday. Nike “Over 27 years ago, I…
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Cucinelli defies sector slowdown with 24% sales jump in 2023
By Reuters API Published Jan 9, 2024 Sales at Italian luxury group Brunello Cucinelli rose 23.9% in 2023, a touch above its latest guidance and market expectations, defying a sector…
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Urban Outfitters reports 10% sales lift, appoints new North America brand president
Urban Outfitters Inc. announced on Monday net sales for the two months ended December 31 increased 10%, on the back of double-digit comp growth across its Anthropologie and Free People brands. Urban…
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Shoe Zone has strong year as budget offer stores and digital hit the mark
Value-focused footwear retailer Shoe Zone published its audited annual results on Tuesday and they showed a business that seems to have got its formula just right, with both higher revenue…
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Adidas UK sales dip in latest financial year, sales shift to own-retail from wholesale
Adidas UK has filed its latest accounts at Companies House and said that sales dipped slightly in 2022 after seeing a big rise in the previous year. Sales fell 4.3%…
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