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,...
Tag : sales
M&S to Invest £480m for expansion in the UK
To provide in bigger, better stores across the UK, M&S will add 20 new stores in the next financial year. The department store retailer’s investment...
Valentine’s Day to Boost Sales of Retailers in the US and UK
While the slowdown in market has become an issue of concern for everyone in the supply chain the good news is that occasions like Valentines,...
Inditex’s Q1 net profit soared 80% to €760 million
The fast fashion retailer is seeing good growth as its sales beat pre-pandemic levels, hitting €6.7 billion for a rise of 36% year-on-year. The group...
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...
PVH, Calvin Klein Sees Strong Top-line Growth
PVH Corp. informed that company’s revenues and earnings surpassed expectations for the first quarter, prompting the owner of Calvin Klein and Tommy Hilfiger to reaffirm...
Tariffs Denting American Economy & Causing Inflation :NRF
National Retail Federation has written a letter of request for immediate tariff relief to address the ongoing inflation facing American businesses, workers and consumers. According...
Inflation hits retail sales globally
Global retailers have significantly trimmed down their profit projections, sighting raw material inflation and removal/reduction of stimulus, dampening the outlook. The Russia-Ukraine war has led...
Trent Ltd Opens Westside’s 200th store
Tata Group-owned Trent Ltd has strengthened the presence of its leading fashion brand Westside with the opening of its 200th store in the country The...
Khadi Exceeds Turnover of Rs 1 lakh crore in 2021-22
Khadi and Village Industries Commission (KVIC) has achieved turnover of Rs 1.15 lakh crore which is not achieved by any FMCG company in the country....