John Lewis Partnership has been having a turbulent time of it lately, its previous status as an almost-unstoppable retail powerhouse having been seriously damaged by a string of poor sales and profits results.
The fashion group announced solid growth in its direct-to-consumer sales during the holiday period on Monday and updated its full-year guidance to take into account the newly acquired Rebecca Taylor and Parker brands.
The teen-focused American fashion retailer announced on Monday that, having achieved record revenues in 2019’s Black Friday week, it is confirming its previously reported financial outlook for the fourth quarter.
The Canton, Massachusetts-based big and tall menswear retailer reported slight increases in sales over the holiday period on Monday, as growth in its wholesale business was undermined by declining store traffic.
Lululemon Athletica Inc raised its quarterly sales and profit outlook on Monday, as its efforts to ramp up its online presence and broaden its range helped drive sales during the all-important holiday period.
Perfumery retailer The Fragrance Shop said its Christmas trading was positive, boosted by its omnichannel positioning in a market that was tough. But its annual profits dropped due to the market’s discount frenzy.
New Guards Group, the Italian owner of Off-White and Heron Preston, acquired by luxury e-commerce giant Farfetch in 2019, has purchased Ambush, adding the Tokyo-based label to the company's already impressive portfolio.
Digital-first resale platform The RealReal has identified maximalism and sustainability as two of the biggest trends on the second-hand fashion market in the 2010s, with Supreme claiming the title of most valuable brand.