Snap Inc lost more users than Wall Street expected in the third quarter as it continued to grapple with an unpopular redesign of its Snapchat photo-messaging app and fierce competition from Facebook Inc's Instagram.
The sports and outdoor apparel group reported the strongest quarterly and year-to-date results in the company’s history on Thursday, announcing particularly strong sales increases in its US direct-to-consumer channel.
As the massive headwinds that the UK Department store sector is battling continue, we're seeing plenty of change taking place and one big change was confirmed on Thursday with a management buyout at Beales.
Pre-tax profits fell by almost 10% at the footwear retailer despite turnover rising from £280.9m to £308.5m as a result of the “overtly promotional” environment on the UK high street from Black Friday through Christmas.
British fashion and lifestyle chain Oliver Bonas spent 2017 opening new stores, relocating existing locations and expanding its infrastructure, and despite all this, it managed to increase EBITDA by 7.6%.