French luxury resale site Vestiaire Collective’s onward march is continuing with news that it has raised a further €178m in new finance, six months after a previous funding round. The firm is now valued at $1.7bn.
Premium fashion retailer Reiss had plenty of good news on Thursday. It announced a move into kidswear for the first time in 50 years, a link-up with Castore, and said that it's recovered strongly from the pandemic.
A trading update from Primark showed the value fashion retailer is on the recovery trail, with profit up on a year ago and strong Q3 like-for-like sales, although Q4 reversed some of that gain due to new restrictions.
Shandong Ruyi, the Chinese group that owns a raft of European brands, continued to struggle in H1. Turnover fell 20.43% with the clothing category down 44.67% and the share of revenue it accounted for dropping sharply.
U.S. shoppers returning to stores ahead of the back-to-school season helped Target forecast higher same-store sales growth after beating quarterly estimates, even as online demand sharply dropped from pandemic highs.
Walmart Inc increased its annual U.S. same-store sales forecast after beating analysts' estimates on Tuesday, as shoppers coming out of lockdown bought more clothes, travel gear and back-to-school merchandise.
According to a new report from The NPD Group, U.S. performance footwear sales grew 23 percent in the second quarter, while leisure footwear sales climbed at a slightly higher rate, showcasing post-Covid consumer trends.