Primark continued to progress in the first quarter of its new financial year with new stores boosting the UK, while France and Italy looked strong and its US stores turned in a a positive like-for-like performance.
Ongoing underperformance at its Australian operations has led to the exit from his group post of Woolworths Holdings’ CEO Ian Moir, the South African company replacing him with an executive from Levi Strauss.
Retailer Anthropologie is continuing the rollout of its smaller, ‘local store’ concept with a third location under the local umbrella having opened. The new store is the second local shop to open in the UK.
Boohoo continued its rapid sales ascent in the four-month period to the end of December and while there was no information about sales at its newly-acquired brands, its existing portfolio went from strength to strength.
Digital-first resale platform The RealReal has identified maximalism and sustainability as two of the biggest trends on the second-hand fashion market in the 2010s, with Supreme claiming the title of most valuable brand.
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.