With many in UK retail reporting sales falls for the Christmas trading period it was encouraging on Friday to see JD Sports Fashion talking about “positive like-for-like trends in the group's global fascias”.
We’ve become very used Joules reporting a succession of upbeat sales and profit figures so it was something of a shock when on Friday its Christmas trading update was less than rosy and included a profit warning.
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.
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.
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.