British e-commerce firm The Hut Group could launch an initial public offering (IPO) as early as this week in a deal that could value the company at up to 4.5 billion pounds ($5.9 billion), sources said.
Japanese clothing chain Uniqlo is likely to report strong same-store sales for June, taking the edge off a profit plunge for owner Fast Retailing due to store closures and weak demand amid the coronavirus pandemic.
Macy’s Inc on Thursday delayed its first-quarter earnings report to July 1, citing significant business disruption due to the Covid-19 pandemic, which has also led to delay in financial statement preparation.
The owner of Vans and Timberland announced on Tuesday that it now expects its full-year revenues to total between $11.3 billion and $11.4 billion in fiscal 2020, down from $13.85 billion in the previous year.
Following store closures, furloughs and cost management, retailers such as Nordstrom, Sally Beauty and Shoe Carnival, are renegotiating their credit facilities to ensure continued liquidity during the Covid-19 crisis.
The footwear and accessories brand has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its common stock.