Boohoo’s closely-watched trading statement has revealed figures in line with weak expectations. Revenue may have been up sharply compared to pre-Covid, but it was down globally against a year ago for the festive season.
Almost four years after the acquisition of Fred Segal by entrepreneur Jeff Lotman, founder of Global Icons, FashionnNetwork.com talks to the executive about the major challenges of 2023 and the brand's expansion.
THG’s trading statement on Tuesday sent its shares down by 10%+ as it warned on profits, although it may have felt it had done enough to support the share price with news of record sales and a strong balance sheet.
Beauty was big at Christmas, as results from Boots, The Fragrance Store and The Perfume Shop testify. Now we can add Lush to the list as the high street retailer reported its highest-ever trading month in December.
It’s not just the biggest UK shopping centres that have enjoyed success in 2022. Sanderson Arcade in Morpeth, Northumberland, said it has recorded the highest footfall levels seen since before the pandemic.
An independent investigation into Revolution Beauty's accounts found several concerns, including over certain historical sales, inventory provisioning and personal loans made by a former CEO, the company said on Friday.