Fred Perry, which is opening stores in key location at present, made pre-tax profit of £28.3m in the 12 months to the end of March, a healthy year-on-year rise after it had made £21.3m in the previous period.
While pre-Christmas retail may have been disappointing in the UK, it could get worse with yesterday dubbed ‘Takeback Thursday’ on the back of predictions that a huge number of purchases would be returned on that day.
Next may have seen full-price sales falling in its physical shops in recent months, but its online strength carried it through and its sales are ahead for the year to date, for Q4 and for the Christmas period.
Hudson’s Bay Co Chairman Richard Baker and his partners have reportedly approached the retailer’s minority stockholders, including bidding rival Catalyst Capital, to potentially raise their take-private bid.
United Parcel Service Inc on Thursday expects to ship 1.9 million gifts and other items back to U.S. retailers as e-commerce fuels an anticipated 26% year-over-year volume surge on “National Returns Day."
U.S. retailers including Walmart Inc will add "Do Not Sell My Info" links to their websites and signage in stores starting Jan. 1, allowing Californians to understand what personal and other data the retailers collect.
Britain’s competition regulator is launching an in-depth investigation into Amazon.com Inc’s purchase of a stake in online food delivery group Deliveroo after the companies failed to assuage its initial concerns.
Japan’s SoftBank Group Corp said Tadashi Yanai, founder and CEO of Uniqlo parent Fast Retailing, will resign as independent board member at the end of the month after 18 years on the job to focus on his fashion business.
"Made in China" may still evoke more off the rack than catwalk, but Chinese designers are slowly installing themselves in Paris, the fashion capital, as a part of an upscale march towards the lucrative luxury market.
Japanese department store group J.Front Retailing Co has said it is offering to buy the remaining shares in Parco Co, a fashion-focused chain in which it already has a stake, for 65.7 billion yen ($599.7 million).