Burberry’s Christmas sales failed to meet expectations with comparable sales dipping year-on-year, dealing a blow to new chief executive Marco Gobbetti in his first reported quarter.
Zalando has said it would push ahead with its strategy to increase market share this year after its preliminary fourth-quarter report indicated sales growth and operating profit in line with analyst expectations. The online fashion retailer said preliminary sales figures for the quarter rose between 21.2 per cent and 23.2 per cent to €1.32 billion (£1.17 billion) to €1.34 billion (£1.18 billion), despite a “challenging” October. READ MORE: Zalando announces ambitious partnership expansion plans It said adjusted EBIT is expected to come in between €107 million (£95 million) and €120 million (£106 million) for the same period, up from €95.6 million (£85 million) in 2016
Upmarket fashion retailer Hugo Boss has “achieved goals for 2017” following strong sales in its final quarter, as it pushes on with its turnaround strategy. Sales for the final quarter grew by five per cent to €735 million (£652 million), lifting its full year sales by three per cent to €2.7 billion (£2.4 billion), according to preliminary results released yesterday.
Poundland has revealed plans to roll out over 150 store-in-stores with budget fashion chain and Steinhoff stablemate Pep&Co. Over the 12 months from February 1, Pep&Co fashion outlets will open in Poundland stores across the UK, bringing the total to over 300.
Waitrose has received a raft of complaints on social media following a card system failure which meant customers across its stores were unable to pay by credit card. On Tuesday evening, one of the worlds largest providers of card terminals Verifone saw its system crash in France and the UK. Customer service brilliance from @waitrose .
The product, DisposeRX, mixes with drugs and warm water to form a solid that can be safely thrown out in the trash.
Jim Cramer said there’s one thing that this market needs to do to curb the major stock shortage facing investors.
Jim Cramer examined the tech titans' weekly stock charts to determine if it's time for investors to take some profits.
Tax cuts and improving fundamentals will give Ulta Beauty and other retailers a boost, Wells Fargo analyst says.
Ever ordered a coffee from your phone and had to wait in line to pick it up? Dunkin' Donuts is solving that problem.