LVMH Sees Good Sales
LVMH continues its run into 2023 with sales of 21.03 billion euros in the first quarter. The luxury giant recorded an organic increase of 17%,...
Tag : Retail
Boohoo Plans Alternative Seeing Slow Growth
Due to unprecedented macroeconomic and market headwinds, Boohoo has come up with a new Growth Plan in a bid to drive long-term sustainable growth and...
Neiman Marcus to cut workforce
Neiman Marcus will cut 5% of workforce as part of operating model in a bid to accelerate its growth roadmap. The moves come as part...
Under Armour plans Three new stores
Under Armour is set to open three new brand-owned stores in key cities throughout the UK over the next couple of months. The sportswear retailer’s...
New Look to close 6 UK stores
The high-street fashion retailer New Look is closing stores in Birmingham, Coventry, Trowbridge, Kirkcaldy, Walthamstow, and Northampton. As part of the normal course of business,...
Aditya Birla Group to bring French luxury department stores Galeries Lafayette to India
The first two Galeries Lafayette stores will open at Fort in Mumbai and DLF Emporio in Delhi, respectively. Each of the stores will bring more...
India UK FTA to Get Faster as Sunak Takes up Charge
A new hope for faster signing of INDIA EU FTA is foreseen after Indian-origin Rishi Sunak was appointed British prime minister. Sunak had earlier told...
Stores to Close During Queen’s Funeral
John Lewis, Harrods and Waitrose have announced that they will be closed on the day of the Queen’s funeral. A spokesperson from Next said: “In...
Babywear brand Again in Profits
Mothercare has finally managed to come out of losses this year and has posted profits once again. The babywear brand had shut many stores in...
Lululemon In Profits
Lululemon Athletica predicts a strong demand for athleisure and said the impact from Covid-19-related lockdowns in China was modest and more than offset by strength...