After a festive season of frantic spending, now come the season of spending less. And Matalan is doing its bit, investing £35 million to lower prices on more than 700 family-focused products. Blue Vanilla From today (8 January) the fashion, beauty and lifestyle retailer is delivering average price drops of 15% across core and new [...]read moreMatalan invests £35 million in price cuts
Ann Summers is bolstering expansion plans announced in September with an additional £8 million in funding. Ann Summers The asset-based money from Secure Trust Bank Commercial Finance (STB CF) will allow the UK lingerie retailer to press ahead in expanding its online and in-store retail plans while also boosting working capital across the business, it [...]read moreAnn Summers secures extra funding for expansion
Translated by Roberta HERRERA Published Jan 8, 2024 With its headquarters, production sites, logistic centers, and units for research and innovation, Italy has become an extremely strategic location for Kering. Ever since the French group acquired a stake in the Gucci Group in 1999 – a pivotal milestone in the company’s evolution to becoming a [...]read moreItalian operations exceed 11 billion euros
By Bloomberg Published Jan 8, 2024 Lululemon Athletica Inc., Abercrombie & Fitch Co. and American Eagle Outfitters Inc. raised their sales outlooks on Monday on the back of a strong holiday quarter, bucking fears of consumer weakness amid stubbornly high inflation and elevated interest rates. Lululemon The upgrades come after what had been a more [...]read moreLululemon, Abercrombie lift outlook on solid holiday sales
2023 was a bruising year for UK retail with almost 120,000 sector jobs lost and more than 10,000 stores shuttered as inflation and tough economic conditions took their toll. A report by the Centre for Retail Research, reveals 119,405 jobs across the UK’s shopping destinations, while 10,494 stores were closed. However, this was an improvement [...]read moreUK lost 120,000 retail jobs in 2023
By Bloomberg Published Jan 9, 2024 Golf legend Tiger Woods’ nearly three-decade partnership with Nike Inc. has come to an end, Woods said Monday. Nike “Over 27 years ago, I was fortunate to start a partnership with one of the most iconic brands in the world,” Woods said in a statement posted on X, formerly [...]read moreTiger Woods and Nike end partnership after 27 Years
By Reuters API Published Jan 9, 2024 Sales at Italian luxury group Brunello Cucinelli rose 23.9% in 2023, a touch above its latest guidance and market expectations, defying a sector slowdown thanks to its focus on the industry’s high end. Brunello Cucinelli Investors have lowered forecasts for luxury sector sales in recent months as its [...]read moreCucinelli defies sector slowdown with 24% sales jump in 2023
Urban Outfitters Inc. announced on Monday net sales for the two months ended December 31 increased 10%, on the back of double-digit comp growth across its Anthropologie and Free People brands. Urban Outfitters The U.S. apparel firm said total retail segment sales increased 8%, with comparable retail segment sales increasing 6%; driven by high single-digit positive growth [...]read moreUrban Outfitters reports 10% sales lift, appoints new North America brand president
Value-focused footwear retailer Shoe Zone published its audited annual results on Tuesday and they showed a business that seems to have got its formula just right, with both higher revenue and profit. Photo: Pixabay The company said revenue rose to £165.7 million in the 52 weeks up to 30 September, from £156.2 million a year [...]read moreShoe Zone has strong year as budget offer stores and digital hit the mark
Adidas UK has filed its latest accounts at Companies House and said that sales dipped slightly in 2022 after seeing a big rise in the previous year. Sales fell 4.3% in the year to December 2022, reaching £1.29 billion after reaching £1.236 billion in 2021 (when they’d risen a massive 23.6%). While it can be [...]read moreAdidas UK sales dip in latest financial year, sales shift to own-retail from wholesale