Ted Baker's comp sales edged down in 2017 but an e-tail surge more than made up for that. And growth continued across the UK, Europe and North America, although recent snowstorms have dented the new year's trading.
Major shareholder Will Vicars has proposed he will acquire the ailing Australian leather goods brand for the sum of AU$25 million. The bid has been approved by administrations and will go to a vote on March 29
Fashion retailer Guess Inc reported on Wednesday quarterly revenue for the holidays season that beat analysts' estimates on strong demand in Europe and Asia, sending its shares up nearly 12 percent in extended trade.
Britain's retail sector has turned toxic in a climate of squeezed consumer spending laced with Brexit uncertainty, but low valuations are making some stocks a tempting prospect for the brave contrarian.
France's chic department store Galeries Lafayette is betting on an art foundation and an Italian gourmet food hall in Paris to help differentiate its brand from bricks-and-mortar rivals and e-commerce competitors.
New Look's CVA plan under which it will close 60 stores has received almost unanimous creditor approval, it said Wednesday. And it’s looking to the future with a new approach to pricing and faster product development.
The Swiss attorney general’s office has opened its own criminal probe in a tax case involving luxury group Kering’s Gucci unit after fielding a request for help from Italian authorities, the agency said on Wednesday.