Positive news for UK fashion retailers on Friday. Total like-for-like fashion sales skyrocketed 73.7% in June, albeit from a base of -20.9% for June last year, bolstered in part by steady spending online.
The men’s collections for next summer presented in London, Milan and Paris blended streetwear and couture in a new mix, laid-back yet sophisticated, for an easy-going, highly wearable fashion to be enjoyed outdoors.
Poundland, Pepco and Dealz owner Pepco Group has seen a 16.8% increase in core earnings, as revenue growth from new store openings offset pandemic closures. The company also operates the budget Pep&Co fashion brand.
Amazon.com Inc's Prime Day saw strong online sales growth in the United States on Monday even as supply chain snafus and a robust spending appetite limited the level of discounts on popular products like electronics.
Chanel expects to be riding high again this year after a tough 2020, with sales forecast to rise in double-digits. That’s according to the company’s CFO on Tuesday after it released its pandemic-hit 2020 figures.
The American lifestyle retailer achieved a “record” $927.4 million in total net sales in the first quarter ended April 30, 2021, representing increases of 57.6% from the prior-year period, and 7.3% from two years ago.
The trading environment may have been volatile but luxury giant Richemont still managed to see net profit rising almost 40% in the financial year to the end of March, beating forecasts by a wide margin.