Richemont: Profits surge Amidst Tough Scenario
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...
Tag : sales
Uniqlo Sees Jump in Sales
Same-store sales at Uniqlo’s Japanese stores and webstore surged by as much as 84.5% year-on-year in April while its total sales rose 92.1%. But those...
Adidas reports profit in Q1
The company’s gross margin increased 2.1 pp to 51.8 percent. The company’s operating profit grew to a level of 704 million euros and with an...
Uniqlo outpaces Zara as most valuable clothier with $103bn
The value of Fast Retailing, the Japanese parent of casual clothing chain Uniqlo, reached USD ($103 billion) putting it at the top of the global...
Luxury Brand LVMH Reports Resilient Fourth Quarter Results
LVMH ’s fashion and leather goods business, home to Vuitton handbags and other brands such as Christian Dior, performed better than analysts expected in the...
Covid -19 Vaccine Arrives…..Will business be back on track?
Will it Change the game? What lies ahead? Buyers Share their response on 2021…. 2021 has arrived.. Now that the New Year and vaccine has...
H&M profits Decrease by 88.2% to £174.4m in the year to November 30, 2020
H&M said its financial position “remains strong” despite the losses The fashion retailer saw profit collapse by 88.2 per cent during the year to November...
H&M & LEE COME TOGETHER TO LAUNCH SUSTAINABLE COLLECTION
Focus on men’s, women’ and kid’swear. The Lee x H&M collection focuses on sustainability in its design, looking at every stage of the denim production...
Sainsbury Sees Strong Christmas sales
Sainsbury’s has witnessed a “strong Christmas” after an increase in like-for-like sales with more customers than ever placing online orders for the festive season. Sales...
Vandewiele to Acquire Savio Group
Vandewiele has reached an agreement for the acquisition of 100% of Savio Group, that has several textile machine companies under its umbrella. Charles Beauduin, CEO...