UK consumer confidence finally edged ahead of its March 2020 pre-lockdown score in July, with shoppers in a spending frame of mind. It was still negative (at -7), but it's held firm or improved for six months in a row.
Finnish retail giant Stockmann's Q2 and half-year results showed a dramatic improvement all round. Revenue rose over 20% in the last three months, while the gross margin and adjusted operating profits jumped too.
Concerns have emerged that Morrisons may face heavy costs after it's been taken over by private equity. The lead bidder will conduct a review of the property portfolio, raising the spectre of sale/leaseback deals.
In a surprise move, Ted Baker said on Friday that it’s moving to a new London HQ. It will resettle in Fitzrovia, with the new home costing much less than the existing head office it has operated from for 20+ years.
Sporting goods distribution giant Decathlon is joining the club of partners as part of the organisation of the Paris Olympics 2024. As part of this, Decathlon will dress 45,000 volunteers during the event.
The American lifestyle and performance footwear company reported second-quarter sales of $1.66 billion on Thursday, reflecting strong progress achieved by capitalizing on a growing desire for comfortable shoes.
The Colorado-based footwear maker reported record Q2 revenues of $640.8 million on Thursday, a year-over-year increase of 93.3%, and revealed a new goal to become a net zero emissions company within the next decade.
The group has announced the final of its competition for young designers. Set to take place on September 7 at the Fondation Louis Vuitton, the event's highlights will, for the first time, be broadcast via social media.
High-end online fashion and beauty retailer Immaculate Vegan has secured £400,000 in funding on the back of impressive revenue gains. The new capital will help it drive future growth in its key target markets.