The Philadelphia-based lifestyle and services company announced “record” sales for the 2019 holiday season on Thursday but disappointed analysts with the results of its flagship brand and warnings of weaker Q4 margins.
In the midst of a turnaround orchestrated by CEO Jill Soltau, the American department store operator reported a decrease in comparable sales for the holiday period but reaffirmed its full-year financial guidance.
Luxury brand Trussardi, owned by investment fund QuattroR since February 2019, has reevaluated its distribution and begun a brand revival with a more coherent and premium offer and new creative collaborations.
Dean and Dan Caten, the most successful foreigners in Italian fashion, celebrate the 25th anniversary of their fashion house on Friday night in Milan. We got their inside take on a most remarkable immigrant career.
Apparel giant PVH Corp is selling its Speedo North America business to UK-based Pentland Group, which is the parent company of Speedo International Limited. The British firm is paying $170 million in cash.
Circumstances conspired against Fast Retailing in Q1 with the firm having faced several obstacles in the Asia market. And its Uniqlo chain was also at the mercy of the weather last month as high temperatures hit sales.
The "depth of the devastation" inflicted on Hong Kong's economy by more than six months of anti-government protests will be seen in the coming weeks, the head of the city's stock exchange operator said on Thursday.
Mid-market womenswear retailer Jigsaw has become the latest major name to asked for rent reductions from its landlords with the company reportedly seeking cuts of 30%, as well as the opportunity to delay rent payments.
Trading stayed challenging at M&S in Q3 with the retail giant reporting just a 0.2% like-for-like sales rise and a total UK sales fall of 0.6%. Yet while Clothing & Home was down, at least the rate of decline slowed.
John Lewis had a shock announcement on Thursday with news that Paula Nickolds will be leaving the business next month. But less of a surprise was the fact that festive trading figures were down, albeit not by much.