River Island saw lower operating profit last year even though sales rose and it blamed that familiar scenario, the “challenging” retail environment. But it also ploughed money into tech and expects to reap the rewards.
Toys “R” Us Inc will shrink its stores and revamp its bigger outlets through its bankruptcy process, which may end with the company’s return to the public markets, Chief Executive David Brandon said on Wednesday.
Adidas has emerged as the second most popular athletic footwear brand in the US for the period between January and August 2017. The footwear brand's market share increased from 6.6% in 2016 to 9.5% in 2017.
Luxottica and Essilor have not offered any concessions to allay EU antitrust regulators’ concerns over their proposed 46-billion-euro merger, increasing the possibility of a lengthy EU investigation into the deal.
Steinhoff’s African subsidiary surged nearly 10 percent on its market debut on Wednesday, as investors looked past its parent company’s legal wrangles in Europe and piled into the continent’s retail powerhouse.
House of Fraser delivered lower sales and wider losses Wednesday but was upbeat and said its womenswear revamp is paying off while lower e-sales were caused by an online re-platform that is now yielding good results.
Major retailers are looking to stimulate anemic sales by hiring thousands of more workers this holiday season to improve customer service and handle the fast-growing use of their stores to fulfill online orders.