Sainsbury’s had good news around its clothing sales on Wednesday as they rose in Q2 after having been less strong of late. But the company had less to shout about around its Argos ops that continued to struggle.
Boohoo’s results statements are always a revelation, if only to see by just how big a margin the group is smashing the market, and its half-year report was no different. The latest six months were yet another triumph.
With 12,000 stores projected to close in the US by the end of this year, and the apparel and accessories sector expected to suffer particularly heavy casualties, Amazon looks likely to turn the situation in its favor.
The subject of burdensome UK business rates has come to the fore again with news that local councils are sending bailiffs into hundreds of businesses on a daily basis because of business rates arrears.
Sosandar has its annual general meeting on Monday and ahead of this, the company issued an update that said the increased investment it has made into marketing and product “is producing very good results”.
E-tail giant Zalando has reported what it called “outstanding” customer growth for Q2 with its strongest ever active customer growth for that particular part of the year and its fastest site visit growth since 2013.
The adventure sports lifestyle company has announced that it has created six new leadership roles, revealing a multi-year growth agenda focused on seven priorities, including digital development and sustainability.
Leather supplier and accessories brand Pittards had a tough-but-improving first half with the company on Thursday reporting revenue down as much as 16% to £12.1 million in the period to the end of June.
It looks like JD Sports’ £90 million acquisition of troubled smaller peer Footasylum isn’t going to go through easily with news that the Competition and Markets Authority wants a more in-depth look at the deal.
River Island has reported declining profits for its 2018 financial year with operating profit down to £35 million from £80 million a year earlier. Revenues dropped too, falling by £25 million to £919 million.