Fashion had a better week at John Lewis in the seven days to May 20 after the previous week’s dip as overall sales at the retail chain and its website rose just 1.1% to £76.3m but fashion sales rose 4.9%.
Pre-tax profit may have fallen at UK property firm Shaftesbury in the six months to March 31 but net profit rose 28% and it said its retail tenants saw strong sales as tourist spending helped central London “flourish”.
Style Group Brands is urgently seeking backers as its risks an administration filing. The company, formed from the merger of Jacques Vert and Irisa, owns classic womenswear brands including Dash, Eastex and Precis.
April was a confusing month for anyone tracking online sales with the latest IMRG Capgemini showing a difficult few weeks for the clothing sector, although health & beauty grew while home & garden leapfrogged ahead.
In 2016 US retailers missed $9.24 million in revenue by miscalculating the optimal percentile in which to discount items, according to a discount analysis of luxury, premium and mass market US apparel.
The 10-piece capsule collection consists of men's and women's apparel and accessories, including t-shirts, sweatshirts, jeans, a backpack and a handbag. Off-White opened its second Hong Kong store in April.