With many in UK retail reporting sales falls for the Christmas trading period it was encouraging on Friday to see JD Sports Fashion talking about “positive like-for-like trends in the group's global fascias”.
We’ve become very used Joules reporting a succession of upbeat sales and profit figures so it was something of a shock when on Friday its Christmas trading update was less than rosy and included a profit warning.
The Philadelphia-based lifestyle and services company announced “record” sales for the 2019 holiday season on Thursday but disappointed analysts with the results of its flagship brand and warnings of weaker Q4 margins.
Value fashion retailer New Look said on Thursday that Roger Wightman is leaving his post of Chief Product Officer after 30 years and will be replaced by Helen Connolly who will be Chief Commercial Officer.
Circumstances conspired against Fast Retailing in Q1 with the firm having faced several obstacles in the Asia market. And its Uniqlo chain was also at the mercy of the weather last month as high temperatures hit sales.
Mid-market womenswear retailer Jigsaw has become the latest major name to asked for rent reductions from its landlords with the company reportedly seeking cuts of 30%, as well as the opportunity to delay rent payments.
Trading stayed challenging at M&S in Q3 with the retail giant reporting just a 0.2% like-for-like sales rise and a total UK sales fall of 0.6%. Yet while Clothing & Home was down, at least the rate of decline slowed.
Lulu Guinness has named Sandra Mertens-Lustig as CEO, effective from January 13. The company's new top executive is a strategic merchandising specialist with a strong CV built up at a raft of well known high-end brands.
There was good news and bad from UK supermarkets giant Sainsbury's on Wednesday as the company’s third-quarter trading statement (the 15 weeks to January 4) showed weak sales, although fashion was stronger.
Budget footwear retailer Shoe Zone's preliminary results have painted a weak picture for the year to October 5, but there were signs of hope for the future as store upgrades continued and seemed to be paying off.