Swedish fashion retailer KappAhl offered up mixed Q2 results on Wednesday, reporting a “satisfactory” kick-off to last season with full-price sales doing reasonably well due to “well-filled stores and a broader offer.”
Chinese consumers were behind a third of all luxury spend globally last year, but more of their cash is being splashed out at home rather than in the world’s key shopping cities, the latest Bain luxury report said.
The Columbus, Ohio-based footwear and accessories company announced on Tuesday that it has changed its name to Designer Brands, and laid out a series of targets and strategic priorities for fiscal 2021.
German wholesaler Metro AG has kicked off the sale of its China operations by calling for bids, in a deal that would value the business at between $1.5 billion (1.1 billion pounds) and $2 billion, two people with direct knowledge of the deal said.
Newspapers suggest a pre-pack administration filing is an option for Debenhams while Mike Ashley continues to fight for a role at the company and an investment firm holding 5% of the shares has sold its stake.
Asos sales continue to rise in double-digit percentages in Q2, but also continued to rise at a slower rate than previously and that meant investor disappointment, with the firm’s shares falling 5% in early trading.