Cartier owner Richemont on Friday said “yellow vest” protests in France weighed on its sales momentum in the last three months of 2018, even as growth in key markets like China kept up at a healthy pace.
Moss Bros hasn’t had an easy time of it lately but while that meant we might have expected further pain in what has been a very difficult season for the fashion sector, its trading update on Friday wasn’t that bad.
It’s encouraging when a retailer reports sales up in high single-digits over Christmas as Quiz did on Friday. But it wasn’t quite the good news it seemed as there was a mild profit warning and talk of heavy discounting.
The Wisconsin-based department store operator reported an increase of 1.2% in comps for the 2018 holiday period, a significant deceleration when compared to the growth of 6.9% seen in the prior-year period.