Mike Ashley, the Sports Direct entrepreneur, is preparing to step back from his high-profile role as CEO of his growing retail empire. He’ll hand control to his future son-in-law Michael Murray, the Telegraph reported.

Under Armour has posted a 91% revenue jump to $1.4bn for Q2 ended June 30. Considering the performance, the company has raised its FY21 revenue outlook up to a low 20s percentage rise against high teens previously.

​Value fashion specialist New Look issued a trading update and its annual results on Tuesday and said it had made a “solid start to FY22 trading following store reopenings after [a] resilient FY21 performance”.

​Joules reported its annual results on Tuesday and talked of a “strong performance underpinned by continued digital growth, the strength of the Joules brand, and increasing diversification of revenue streams”.

Columbia Sportswear Company, a specialist in active outdoor lifestyle apparel and footwear, has exceeded its expectations with 79% sales growth to $566.4m in Q2 of FY21 compared to same period of 2020.

​Big change is coming at SMCP. On Monday, the Sandro, Maje, Claudie Pierlot and Fursac owner named Isabelle Guichot as its new CEO, to replace Daniel Lalonde who’s off to pastures new.

Private equity firm Clayton, Dubilier & Rice (CD&R) is poised to start a bidding war for British supermarket chain Morrisons, the target of a £6.3 billion ($8.8 billion) offer from a group led by another U.S. firm.

The Italian group achieved revenue of 155 million euros in the first six months of 2021, up 30% year over year, but down 10% compared to 2019, while net earnings tripled in the two years, totaling 17.4 million euros. 

Econyl, a brand of regenerated nylon made from recycled waste owned by Aquafil, is going direct-to-consumer with the launch of an online shoppable platform. 

The North American division of Global Brands Group has filed for chapter 11 affecting both its wholesale business and certain subsidiaries and affiliates.

Unode50 opened a new store on Wednesday at Plaza Carolina, marking its larger expansion plans to launch more stores in the US and the Puerto Rico markets. 

German sportswear company Puma said on Thursday it remained concerned about the strain the coronavirus pandemic is putting on its supply chain, but reiterated its mid-term outlook remained positive.

Hot on the heels of New Look announcing it’s upsizing at Liverpool One, fashion footwear brand Dr Martens is also taking on a bigger 2,000 sq ft retail space on the in-demand centre's Paradise Street.

​Boohoo has moved quickly to protect its reputation, cutting its links with rapper DaBaby after what was seen as a homophobic rant during a live show at the weekend saw him coming in for heavy criticism.

​Mothercare’s return to health was interrupted by the pandemic in the latest year, with the company’s results for the 52 to March 27 showing a much wider loss.

Dr Martens continued its run of strong performances in the latest quarter and on Thursday the footwear specialist reported a 52% rise in group revenue for the three months to June 30.