Demand for prestige beauty products in the UK continues to rocket and sales leapt 46% year-on-year in the last trading week to Christmas, The NPD Group’s latest figures show. Fragrance was the star gift performer.
JD Sports Fashion has enjoyed strong sales since late summer with total revenues for the 22 weeks to January 1 up 10%. It also upgraded its profit forecast for the full year after the good trading in H2 so far.
Some hefty cost-cutting and accelerated investment in digital ensured Shoe Zone’s tough financial year to 2 October was far from a disaster. With stores open just 36 weeks of the year, online came to the rescue.
Re-commerce start-up Responsible has raised €5.8 million to develop its “pioneering embedded finance platform” for the fashion industry. The funding was led by Barclays Sustainable Impact Capital and Techstart Ventures.
Urban Outfitters Inc. reported on Tuesday double-digit revenue growth for the 2021 holiday season, compared to the same two-month period in 2019, driven by strong growth in the U.S. group's digital channel.
American Eagle Outfitters on Tuesday signaled its revenue growth in the holiday quarter was hampered by supply chain snarls and disruptions caused by the Omicron surge, sending its shares down 2% in premarket trading.
Specsavers profit more than doubled in the year to the end of February 2021 as it cut costs during the pandemic while sales fell only 6.6% to £2.73 billion. Sales had risen 5.8% in the previous year before Covid hit.
U.S. apparel retailer Abercrombie & Fitch on Monday updated its fourth-quarter and fiscal 2021 sales outlook, citing supply chain hurdles and the spread of the Omicron variant for lacklustre Holiday period sales.