Digital fashion platform The Bay has announced the appointment of Alexander Meyer as chief customer officer. Meyer has been tasked with managing the ongoing transformation of the company’s integrated marketing, media and customer success strategies, with a particular focus on high growth, brand and personalisation. He will oversee brand...
4 hours ago
Matalan has reported a 19 percent increase in sales in the third quarter of the year. In the 13 weeks to November 27, the British fashion and homeware retailer posted total revenue of 291.4 million pounds, up from the 244.8 million pounds it made a year earlier. In the important Christmas trading period, the five weeks to January 1, revenue...
6 hours ago
Asos is set to boost the UK economy by 3.8 billion pounds and support an additional 25,000 jobs within the next four years, according to the online retailer’s first-ever economic impact report. The online retailer’s total economic impact in the UK grew to 1.8 billion pounds in 2019-20, providing vital support to UK GDP at the height of the...
8 hours ago
Janice Sullivan has been announced as Michael Kors’ new president of women’s ready-to-wear for the Michael Kors brand. Sullivan will oversee all areas of the global Michael Kors Women’s Apparel business, including design, production, merchandising and sales for Women’s Collection and Women’s Michael Michael Kors. She will report to the chief...
10 hours ago
Marks & Spencer says it is “more confident” of meeting its full-year profit guidance after reporting “strong” sales during the important Christmas period. In the 13 weeks to January 1, the British retail giant reported group sales of 3.27 billion pounds, an 18.5 percent increase on last year and an 8.6 percent increase on two years ago, prior to...
Jan 13, 2022
The Fast Retailing Group’s revenue and profit both increased in the first quarter of fiscal 2022 with consolidated revenue totalling 627.3 billion yen, up 1.2 percent and operating profit reaching 119.4 billion yen, up 5.6 percent. The company has attributed this strong performance to large increases in both revenue and profit at Uniqlo...
Asos plc reported revenue growth of 5 percent CCY or 2 percent reported in P1 to 1,393.1 million pounds. The company said in a statement that guidance for the year remains unchanged with revenue growth expected in the range of 10 percent to 15 percent and adjusted PBT of 110 million pounds to 140 million pounds. The company also announced its...
UK lifestyle clothing brand Weird Fish has reported a leap in EBITDA for 2021 from 1.8 million pounds to 4.2 million pounds year-on-year, after investing in its digital capabilities. Thanks to its “digital overhaul,” Weird Fish achieved sales revenue of 35 million pounds in the year to December 31, 2021, up 71 percent compared to 2020, as a...
Jan 12, 2022
Online value retailer Studio.co.uk has appointed Gareth Powell as its director of data to spearhead a new data team. Powell, who joined Studio in June as head of enterprise data products and insight, has been named the online retailer’s new director of data and tasked with bringing together Studio’s analytics, data governance, data engineering...
After strong holiday sales, American Eagle Outfitters, Inc. (AEO) has said that it is on track to achieve 600 million dollars in operating income for fiscal 2021. Fueled by strong demand and positive pricing, AEO expects record fourth quarter revenue with growth in the mid-to-high teens compared to fourth quarter 2020, and up in the mid-teens...
Jan 11, 2022
Chico’s FAS, Inc., for the nine-week holiday period ending January 1, 2022, reported total net sales growth of approximately 30 percent compared to the same period last year. Comparable sales for the holiday period grew approximately 31.5 percent over fiscal 2020. The company expects fourth quarter net sales at the low end of the 495 million...
VF Corporation has announced that it has appointed Nicole Otto to the position of global brand president, The North Face. Otto, the company said in a release, joins VF following a successful 16-year career at Nike and will succeed Steve Murray, who is retiring and returning to the UK. The leadership transition will be effective June 2022. Otto...
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