Department store chain Macy’s Inc raised its annual earnings forecast on Wednesday, signaling a strong holiday shopping season ahead, as it benefits from a growing online business and a revamped loyalty program.
Fashion brands need to put their foot down and take action to prevent “a race to the bottom” in terms of discounts that threaten whole fashion retail eco-system, Farfetch CEO José Neves told FashionNetwork.com.
Kurt Geiger has reported strong results in its latest financial year but analysts are concerned that the problems at UK and US mid-market department stores will make life tougher for the footwear retailer.
French Connection said it's making progress and will be profitable again by year-end. But in H1, sales fell and it remained loss-making, despite wholesale in the UK, Europe and US firing on all cylinders.