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Management

Next snaps up Cath Kidston for 8.5 million pounds

British high street giant Next is once again bolstering its portfolio, this time by announcing plans to acquire fashion and lifestyle brand Cath Kidston. Next said in a brief statement Tuesday: “The company announces that it has agreed to acquire the brand name, domain names and intellectual property of CK Acquisitions Ltd from the...

Management

Next posts sales and profit growth

Full price sales at Next plc were up 6.9 percent versus 2021/22 and up 20.5 percent versus 2019/20. The company said in a release that total trading sales including markdown sales were up 8.4 percent versus 2021/22 and up 20.6 percent versus 2019/20. Next pre-tax profit was 870 million pounds, up 5.7 percent versus 2021/22 and up 16.3 percent...

Management

Lululemon's Q4 sales jump, aims to double revenues by 2026

Lululemon Athletica Inc. reported fourth quarter net revenue increased 30 percent to 2.8 billion dollars or increased 33 percent on a constant dollar basis. For fiscal 2022, the company’s net revenue increased 30 percent to 8.1 billion dollars or increased 32 percent on a constant dollar basis. The company said in a statement that its Power of...

Management

Hotter Shoes owner Unbound Group mulls sale

Unbound Group, the owner of British footwear retailer Hotter Shoes, is considering accepting a takeover bid by knitwear specialist WoolOvers Group Limited. In a statement Tuesday, Unbound said it is “in discussions with WoolOvers Group in relation to a possible cash offer for the entire issued and to be issued share capital of Unbound”. It said...

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