Markdowns and digital investments have led to Fenwick taking a major hit in its full-year profits.
Reiss has recorded a £2.1 million drop in full-year operating profits after investing in a raft of new store openings in the US, Canada and Australia.
Liberty has joined fellow luxury department stores Selfridges and Harrods in posting positive results in its last financial year in the face of a tough retail market. READ MORE: Selfridges posts 11th year of record sales Harrods smashes £2bn sales mark for the first time The West End department store raked in total sales of £74.5 million in the year to January 28 – an uptick of five per cent. Meanwhile, gross profit was up five per cent for the year to £38.9 million, and operating profit was up by two per cent to £6.4 million
Amazon has some big plans for its newly acquired Whole Foods Market division.
Target’s tech team has been bush these past few months.
There is good news and bad news in a new report on price elasticity.
A home furnishings retailer is taking a new approach to YouTube ads.
Burberry has announced that its president and chief creative officer Christopher Bailey will leave the company at the end of 2018. Bailey will remain in his dual role until the end of March, when he will step down from the Burberry board. He will then continue to provide his full support to chief executive officer Marco Gobbetti and the team on the transition until December 31, 2018
Amazon’s fulfillment network is expanding in the Peach State.
DoorDash is helping restaurant partners to offer food delivery in new cities without opening a restaurant.