Hugo Boss‘ has revealed that its revenue was up by 1% during the third quarter of 2024, despite continued weak demand in China. Earnings before tax (EBIT) was down by 7% to EUR 95 million in Q3 supported by focused cost management. Georgraphically, sales were up by 4% in the Americas and up by 1%…
ASOS has posted an 18% decline in annual revenue to £2.9 billion, but remains focused on “sustainable, profitable growth” with the foundations of more agile business now in place. The online retailer reported a pre-tax loss of £379.3 million for FY24, down from a loss of £296.7 million the previous year. Within its latest trading…
Budget retailer Primark has seen annual earnings jump by more than 50% in spite of an early summer weather hit to sales. Owner Associated British Foods reported a 53% rise in operating profits at Primark, to £1.1 billion over the year to 14 September as group-wide like-for-like sales lifted 1.2%. In the UK, comparable same-store…
UK total retail sales increased by 0.6% year-on-year in October, against a growth of 2.6% in October 2023, however fashion sales faltered as the mild weather saw consumers delay winter purchases. In-store non-food sales decreased by 0.1% year-on-year over the three months to October, against a decline of 1% in October 2023, while online non-food…
Luxury womenswear brand Alice + Olivia has launched a new capsule collection in celebration of the 60th anniversary of The Beatles’ first US tour in 1964. The limited-edition, 17-piece range combines the iconic artistry of The Beatles with the bold, modern aesthetic of Alice + Olivia, featuring artwork spanning the British band’s career. It marks…
Burberry‘s share prices are up by more than 7% after reports surfaced that the British outerwear brand’s Italian rival Moncler may be considering a takeover bid. The surge in share prices came after the trade journal, Miss Tweed, reported that Moncler is bidding for Burberry, which has recently felt the pressures of the luxury market’s…
Fenwick is ringing in the festive season with the unveiling of its Christmas window display at its flagship in Newcastle. The window series retells the classic story of ‘The Twelve Days of Christmas’ but with a Fenwick spin, of course. The ‘Twelve Days of Christmas’ by Fenwick was reimagined by celebrated author and illustrator Chris…
The parent company of Selfridges saw losses more than double in its latest annual results, despite a 95.6% increase in revenue. Filings for Cambridge Retail Group, which is owned by Thai conglomerate Central Group and Saudi Arabia’s Public Investment Fund, revealed pre-tax losses hit £340.3 million in the year to 3 February, compared to a…
Marina Raphael, a sixth generation member of the Swarovski family and a fashion designer who designs handbags for her eponymous brand and Swarovski, has been appointed Artistic and Design Director of Handbags at Elie Saab. The creative partnership will introduce a fresh approach to Elie Saab’s handbag designs to expand the category, driven by Raphael’s…
Frasers Group’s Mike Ashley has labelled Boohoo Group “desperate” after the online retailer promoted Debenhams boss Dan Finley to CEO instead of appointing him to the role. Frasers, which owns brands including Sports Direct and Flannels, has built up a 27% share in Boohoo. Last month, the group published a letter attacking Boohoo’s management and…
