OTB reports revenue of €1.9 billion in 2023
Translated by Nicola Mira Published Feb 16, 2024 Italian fashion group OTB continues to grow. In 2023, it recorded a revenue of €1.9 billion, equivalent to a 7.2% increase (and…
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Tourists are back in London but spending less says NWEC
The impact of UK tax-free shopping’s absence on international visitor spending in the last 12 months has been “stark”, according to the New West End Company. Photo: Pexels/Public domain Presenting…
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Via Outlets has strong 2023 as outlet shopping demand stays buoyant
Via Outlets, the European Outlet malls operator, said that brand sales at its centres leapt by over 11.5% to a record €1.36 billion in 2023, “driven by a 7.5% jump…
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Will White Stuff owners sell after unexpected takeover approach?
There’s a big question mark around how the owners of the White Stuff chain might now proceed after an unsolicited takeover approach has seen them engaging Rothschild to advise them….
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Good news as UK retail sales rise but bad news as fashion trails other sectors
There was some good news on UK retail sales on Friday as official figures showed that they rebounded in January. Well, good news for every category except clothing/footwear, which wasn’t…
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Nike to cut 2% of workforce as sportswear giant seeks savings
By Bloomberg Published Feb 16, 2024 Nike Inc. will slash its global workforce by about 2% as the sportswear giant pushes on with efforts to reduce costs to counter a…
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Red Sea disruption could hit spring drops
Asia-produced spring fashion could be slow in getting to UK stores, hitting profits as deliveries continue to be hit by Red Sea shipping attacks. Rating agency Moody’s has warned European…
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HanesBrands Q4 sales hit by continuing Champion woes
HanesBrands announced on Thursday net sales for the fourth quarter dove 12% to $1.3 billion, hurt by dismal sales at the apparel maker’s Champion brand, particularly in the U.S, and a…
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Farfetch founder José Neves ‘exits CEO post’
In news that might not come as too much of a surprise, it’s being reported that Farfetch founder and CEO José Neves is among more than one member of the…
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Crocs clocks record revenue growth in 2023
Crocs Inc. announced on Thursday record-breaking sales of nearly $4 billion, up 11.5%, on the back on another strong quarter for the period ending December 31. Crocs The Broomfield, Colorado-based…
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