New Look's creditors will become its majority owners after the firm announced a deal to cuts its debt load by £1bn. And it also said that trading has been up and down in recent periods, but it thinks it's back on track.
Britain's economy cooled in the three months to November, expanding at its weakest pace in six months as factories suffered from tough global trade conditions ahead of Brexit, official data showed on Friday.
Moss Bros hasn’t had an easy time of it lately but while that meant we might have expected further pain in what has been a very difficult season for the fashion sector, its trading update on Friday wasn’t that bad.
It’s encouraging when a retailer reports sales up in high single-digits over Christmas as Quiz did on Friday. But it wasn’t quite the good news it seemed as there was a mild profit warning and talk of heavy discounting.
Fashion designers, being ultimately artists, rarely have straight-line careers - one reason for the huge applause that greeted the culmination of the debut show of Aldo Maria Camillo in Florence on Thursday evening.
The Wisconsin-based department store operator reported an increase of 1.2% in comps for the 2018 holiday period, a significant deceleration when compared to the growth of 6.9% seen in the prior-year period.