Coats Group, the leading manufacturer of sewing thread and supplies, shrugged off ongoing pricing pressures and a continued mix demand from clothing retailers as it announced a 2% increase in sales on Thursday.
Outlet centre giant McArthurGlen saw sales rising fast in the last year as tourists from outside of Europe and price-conscious locals bought into its offer while higher-end new brands signed up to its malls
UK retail continued to confuse in October with falls and rises by volume and value, the ONS said. Fashion struggled, although online sales continued to rise but belt-tightening meant more second-hand sales.
Underwear-to-active brand Björn Borg said that sales and operating profit both rose in the latest quarter to the end of September as the firm ramped up its PR efforts and they've paid off with a boost from Lady Gaga.
October was clearly a tough time for Ted Baker but the business, which is one of the UK's most successful fashion retailers, overcame the challenges with an e-tail surge and continuing wholesale strength.
Target Corp’s holiday-quarter profit forecast fell short of analyst expectations, sending its shares down 10 percent on Wednesday as hopes faded that the retailer would make a shopping season comeback.
Marc Lasry, the billionaire co-founder of Avenue Capital Group, said on Wednesday that the firm has invested in some of the approximately $4.8 billion in debt of luxury department store chain Neiman Marcus Group.