American Eagle Outfitters on Tuesday signaled its revenue growth in the holiday quarter was hampered by supply chain snarls and disruptions caused by the Omicron surge, sending its shares down 2% in premarket trading.
Italian cashmere specialist Brunello Cucinelli recorded a 2021 revenue of €712 million, up 30.9% over the previous year, and remarkably up 17.2% over 2019.
Online retail giant The Very Group had a good Christmas as fashion interest spiked, it said on Tuesday as it also announced the arrival of a new non-executive chair.
Specsavers profit more than doubled in the year to the end of February 2021 as it cut costs during the pandemic while sales fell only 6.6% to £2.73 billion. Sales had risen 5.8% in the previous year before Covid hit.
Danish jewellery maker Pandora said on Monday preliminary results showed record sales in the fourth quarter, fuelled by a strong U.S. market.
U.S. apparel retailer Abercrombie & Fitch on Monday updated its fourth-quarter and fiscal 2021 sales outlook, citing supply chain hurdles and the spread of the Omicron variant for lacklustre Holiday period sales.
Broomfield, Colorado-based footwear maker Crocs Inc. said on Monday that it now expects record 2021 revenues, including approximately 67 percent growth compared to 2020.
Vancouver-based athletic wear company Lululemon Athletica Inc. said on Monday that it is expecting Q4 net revenue to be on the low end of its predicted range.
In North America, the US sport and lifestyle giant is generating 48% of its sales via direct retail. A model that is set to be adopted internationally too, and at an even faster clip, as Nike's digital activities boom.
It will probably go down as one of the capital's most derided attractions. London’s Marble Arch Mound, the £6 million, 72 ft-high hill folly that claimed the job of Westminster council’s deputy leader, closed on Sunday.
A strong Golden Quarter was enjoyed by UK online fashion retailers, according to consumer experience platform True Fit. It described December's performance as “resilient”, though sales plummeted compared to November.
UK-based luxury concierge service Quintessentially is contemplating a sale, according to reports. The business is looking at several options with hopes of securing a speedy deal.
Ankorstore, which says it’s Europe’s fastest growing B2B marketplace, has announced a Series C funding round that has brought in an extra €250 million investment.
FatFace saw its sales exceeding pre-pandemic levels in the festive season as the five weeks to January 3 resulted in sales 3% higher than the equivalent period two years ago.
The owner of Hotter Shoes is gearing up for a transformational year as it changes its name, relists on a new exchange and moves into new categories such as clothing, as well as adding third-party brands.
