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ASOS loss widens, but it highlights foundations laid for profitability return
ASOS took an upbeat stance in announcing its half-year results Wednesday, talking of how it's creating strong foundations for a return to profitability. But there’s no denying that the H1 figures didn't look good.
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From red to blue: Hugo Boss to launch denim-based Hugo label next year
Hugo Boss had big news on Monday with a brand new line set to launch for summer 2024. Called Hugo Blue, it follows the company’s brand refresh last year that saw its Hugo and Boss labels being reinvented.
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Kontoor Brands Q1 sales hurt by still-recovering China market, Lee brand sales
Kontoor Brands announced on Thursday revenues for the first quarter dipped 2% to $667 million, on the back of a drop in international revenues, weighed down by a still-recovering China market post-Covid.
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Hugo Boss sees Q1 sales jump as all brands, regions and categories outperform
Hugo Boss had a good first quarter with currency-adjusted group sales up 25% at €968 million as it saw double-digit improvements across both brands, all regions, and all channels.
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Joe Browns has stellar year as turnover soars
The year to June 2022 was a good one for Joe Browns as the company saw turnover rising 20.9% to £47.3 million. Meanwhile profit was up 7.8% at £4.2 million and the company saw a good performance for key categories.
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Zalando makes most of strong off-price channel, big-name collabs in tough Q1
Zalando has been facing increasing headwinds in recent periods but the fashion e-tail giant was able to report improved figures for Q1 as it adapted to market conditions, even though it remains loss-making.
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Superdry equity issue raises the cash the company targeted
The news is coming thick and fast from retailer Superdry at the moment, and on Thursday the company released the results of its equity raise that it had launched earlier this week.
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Next Q1 sales dip is smaller than expected, but it's staying ultra-cautious
Next released a Q1 trading statement on Thursday, and while sales dipped, they did so by less than had been expected so the result was far from gloomy against the backdrop of a very tough trading environment.
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Guess names new finance chief from MCM
Guess? Inc has announced that MCM’s CFO Markus Neubrand is to join it as CFO as of 1 August. He’ll succeed Interim CFO Dennis Secor, who will remain with the company until next year.
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Much-discussed Superdry equity raise finally launches, COO exits
Superdry has finally launched its much-talked-about share sale with a value of around £12 million, saying it will issue 15.7 million new ordinary shares at 76.3p each, adding up to 19.1% of its equity.
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Lee launches apparel collection with Dragon Ball Z
American denim brand Lee announced this week a collaboration with the animated TV series Dragon Ball Z to launch a curated capsule collection.
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All change at Ted Baker as it becomes fully licensed, senior team exit confirmed
Big change ahead for Ted Baker at its new owner forges ahead with converting it to a licensing model. Its exec team is on the way out and it has new design hub and retail deals with PDS and AARC.
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SMCP buoyant in Q1 as all brands and regions perform well
SMCP has reported a “strong start to the year” with Q1 sales up 7.6% both as reported and in constancy currency, and up 8.7% organic, “driven by excellent momentum in France and a shift back to growth in APAC”.
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Sainsbury's results show clothing sales dip, but more goods sold at full price
UK supermarkets giant Sainsbury's released its preliminary full-year results on Thursday and said that its total retail sales were up 5.2%, although excluding fuel they were only up 2%.
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Fast Retailing opens Uniqlo-Theory Covent Garden flagship
Fast Retailing’s latest joint Uniqlo and Theory store opened Thursday in a historic London building in Covent Garden that previously housed Jigsaw and the defunct The Shop at Bluebird.
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M&S invests millions more in London stores
Retail giant M&S has announced a major investment programme in its London stores, with a new 38,000 sq ft store in Croydon’s Purley Way opening this week.
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