Sweden’s New Wave Group reported a 12th consecutive quarter of growth in Q2 as the owner of a basket of sports ranges said sales rose 9% and profit rose a stronger 10%, even with the impact of a negative calendar shift.
All the biggest makeup brands are succumbing one by one to the temptation of collaborating with the hottest online beauty influencers to boost their star count, and August has been full of surprise announcements.
New Look’s large debt pile is increasingly attractive to distressed debt investors with a report at the weekend that Anchorage Capital and HPS Investment Partners have been trying to buy part of its £1.2bn debt load.
It’s been quiet on the Jimmy Choo-Michael Kors front for a month but it seems the deal for the US firm to take over the UK label is on track. And Kors won't raise its £900m offer as no other bidders have emerged.
Estée Lauder Cos stock hit a record high after it forecast stronger full-year profit and sales posted higher-than-expected results as the cosmetics maker sold more products from brands such as M.A.C and Tom Ford.
Shares of sporting goods retailers were pummelled in early trading on Friday as dismal quarterly results from Hibbett and Foot Locker heightened concerns about a supply glut intensifying price wars in the industry.
Gap Inc reported better-than-expected second-quarter results and raised its full-year profit forecast, helped by strong demand for Old Navy products and fewer discounts, and its shares rose about 5 percent.
Online sales were up again in the UK during July, which is hardly surprising news. But given how tough times have been for the fashion sector its was encouraging to see that fashion did particularly well.
Target Corp has reported an increase in Q2 comp sales after four straight negative quarters, driven by improved online traffic and demand across all businesses except groceries. New brands have also done well.
The athleisure trend is here for the long term say analysts at GlobalData with its new report saying Asos’s decision to target the £2.5bn sports apparel market is a reflection of the category’s durable appeal.