Superdry delivered plenty of negative numbers with its half-year results on Thursday but they'd largely been expected as the company is deep in a reset strategy and it said this is showing early signs of working.
The Mahwah, New Jersey-based womenswear retail group reported net income of $32 million, or $0.16 per diluted share, for the first quarter on Monday, as its cost reduction initiatives made up for declining sales.
Joules saw higher H1 sales despite facing the same issues as its peers in tough September. But its sales have picked up in the past two months, even without heavy markdowns, and e-tail and international are strong.
Hong Kong’s retail sales in October fell by their steepest on record, as ongoing anti-government protests that have gripped the Chinese-ruled city for nearly six months scared off tourists and hit spending.
U.S. retailers kicked off Cyber Monday by launching a slew of deals earlier than usual over the weekend, seeking to sustain the momentum of a record $11.6 billion in online sales on Thanksgiving and Black Friday.