JD Sports has reported that sales increased by 15% in the 48 weeks leading to 5th January, with total like-for-like sales growing more than 5% in the same period. The figures don’t include recently acquired US business Finish Line or Sports Chain in Ibiza. It has said that it has maintained its...
Sales at Quiz Clothing are up 8.4% in the six week leading to January 5th. Online revenue jumped by 34.1% and through its own websites, e-sales were up by 50.8%. There were reports however, that profits may be dented by heavy markdowns. UK standalone and concession store revenues only rose by 1.6%. The retailer...
H&M has announced that it will be closing six stores in Spain in the first half of the year, but will try to relocate affected staff members to other stores. The company has put the closures down to ‘natural process’. “The fashion industry is changing rapidly and we must adapt to the...
Urban Outfitters has posted a 5% rise in holiday sales compared to the same two month period last year. This was largely down to a double digit growth in its digital channel. For the 11 months ended December 31 2018, total company net sales rose 10% over the same period last year. The...
PVH is predicting that its fourth-quarter and full year 2018 revenue will surpass its original expectations. It has said that the fourth quarter revenue should reach at least $2.40 billion and the full year 2018 revenue should be around $9.57 billion. Because of these expectations, the group has said that it will...
Debenhams posted a group like-for-like sales drop of 3.4% in the six weeks to 5th January. Despite a growth in online sales, UK sales dropped 3.6% following weak footfall in-store. The company is currently in ‘constructive’ talks with its leaders in a bid to refinance existing bank facilities within the next 12...
Tesco has reported strong trading, with like-for-like sales in the UK and Republic of Ireland rising by 2.6% over the Christmas period, and 1.9% in its third quarter. Tesco UK saw its twelfth consecutive quarter of growth with a 0.7% rise in like-for-like sales. The company also said that it managed to...
Marks and Spencer has seen a drop in sales over the Christmas period. Like-for–like sales dropped by 2.2% in the three months leading to the end of December. UK clothing sales dropped 4.8%, totalling 2.4% like-for-like. UK food sales dropped 1.2%, or 2.1% like-for-like. Chief executive Steve Rowe remained positive, by saying: “Against the backdrop...
Paul Smith has posted an increase in both annual revenues and also pre-tax profits following investment into new stores and its e-commerce offering. The brand opened stores in Manchester and Berlin, as well as four stores in Hong Kong and one in Luxembourg which was previously operated by franchise partners. These store...
Ted Baker posted a 12.2% increase in its retail sales in the five weeks leading to the 5th January. Online sales grew by 18.7%, and were a total of 25.7% of overall retail sales, comparing to 24.3% in the same period the previous year. Lindsay Page, Ted Baker acting chief executive, said:...
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