Apparel retailer Gap Inc's namesake brand reported a bigger-than-expected drop in quarterly same-store sales, overshadowing strength in revenue and profit beat and pushing the company's shares down nearly 7 percent.
As the lingerie retailer’s sales continue to flounder, parent company L Brands revealed that it will be closing 20 Victoria’s Secret locations this year in a conference call with investors on Thursday.
The losses made by many brands due to House of Fraser’s failure and uncertain future could make some labels think twice about continuing to supply the retailer, a member of Mulberry’s founding family has said.
A subsidiary of Crew Clothing has acquired Saltrock, a Devon-based leisurewear brand, via a pre-pack deal immediately after it fell into administration on Friday. The deal will save 25 stores and 162 jobs.
Glass Lewis & Co has recommended that shareholders in UK sportswear retailer Sports Direct vote against some directors, including Chief Executive Mike Ashley and Chairman Keith Hellawell, at the company's annual meeting.