The coup in Myanmar is expected to dampen the already tepid interest of U.S. and Western companies in investing in Myanmar, and may prompt some big U.S. companies to pull out, trade experts and analysts said on Monday.
Sales and profits fell at joules in the half to the end of November, but its pre-tax profit was still higher than it had expected. And it had plenty of good news to share in its results announcement on Thursday.
Seasalt saw its sales jumping during the festive season even though it endured a 44% fall in sales through physical shops. Fortunately, its webstore easily made up for the shortfall with a 95% increase.
Asos concluded a strong year with a four-month autumn and festive period that showed just how strong a business it is. Sales soared not just in the UK but globally and it expects higher profit as a result.
Joules had a better than expected festive trading season and despite a massive plunge is physical store sales, it still managed to drive revenues upwards overall as its web sales more than filled the gap.
This year has increased the importance of Chinese consumers to the luxury sector as the overall market has shrunk while China’s purchases have surged. And there's more to come in the next few years too.
The Vancouver-based athleticwear brand announced net revenue of $1.1 billion for the third quarter on Thursday, up 22% compared to the same period in the previous year, as the company’s DTC sales saw strong growth.