Next has been facing tough times and its annual results on Friday illustrated that very clearly. It expects those tough times to continue but total sales for the current financial year are predicted to rise 1%.
John Lewis must be hoping for a big sales uplift in the current week as it opens it 50th department store today at Westfield London. But for last week, it saw a total company sales increase of only 2% to £206m.
Inditex had another good year in 2017, despite exchange rates denting its margin slightly. But its omnichannel focus drove it to higher sales and profits, and its new COO has been tasked with maintaining that momentum
MySale Group has reported record sales and profitability for the half-year to December 31 with recent investment in its buy now, pay later option (called Ourpay) and its other tech updates helping to drive it forward.
UK fashion and interiors retail giant Next has announced that group operations director Michael law is retiring after 23 years with the firm with its merchandising chief now taking on the role and joining the board.
Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.
EU state aid regulators will investigate whether Ikea's tax arrangement with Dutch tax authorities helped cut its tax bill, the latest crackdown on unfair tax deals between multinationals and EU countries.
MCH Group, which owns exhibitions such as Art Basel and Baselworld, is looking to gain a foothold in the UK and expand its international portfolio as it announces the acquisition of art show Masterpiece London.