John Lewis & Partners has announced that its partner and operations director, Dino Rocos, is to retire at the end of May 2019 after 43 years in the business. From the end of January until then he will report to group finance director for the John Lewis partnership, Patrick Lewis, and will be leading […]

Pre-tax profits at Lovehoney, the sexual wellbeing and online lingerie retailer, increased by 22 percent to 11 million pounds (14 million dollars) during the financial year 2017/18, which the company said, were driven by strong sales globally as the firm invested in international distribution and customer […]

Announcing its results for the 18 weeks to January 5, 2019, N Brown Group Plc, said that total online power brand revenues increased by 6.4 percent during the period and that despite the highly promotional retail environment experienced during the period, the group is maintaining its product gross margin […]

China will step in to support private businesses and cut taxes to boost the slowing economy, Premier Li Keqiang said Wednesday. Growth in the world's second largest economy is flagging, dragged down by the trade dispute with the US, and growth should slip to 6.2 percent this year according to the World […]

Consumer spending dropped by 1 percent in December 2018, with the run-up to Christmas hitting the sector particularly hard, new data shows. Visa’s UK Consumer Spending Index, compiled by IHS Markit, revealed that overall expenditure continued to decline at the end of last year - with December’s -1.0 […]

River Island is set to close all of its stores in the Netherlands and Belgium, a spokesperson of the British retailer confirmed to FashionUnited. The company’s stores in the Netherlands and its store in Antwerp, Belgium, will close at the end of March 2019, though the brand will remain an online retailer […]

Lenders to Jack Wills have drafted in advisers to assess the company’s financial situation as the British retailer continues to struggle. Led by the high street bank HSBC, lenders have appointed accountancy firm EY to aid in negotiations over revisions to Jack Wills' borrowing covenants, and to examine […]

Fashion label Fred Perry has reported 6.3 percent increase in turnover to 122.3 million pounds (157 million dollars) while pre-tax profits rose by 5.7 percent to 24.3 million pounds (31.2 million dollars). The eponymous brand, created by Wimbledon champion Fred Perry in 1952, said in the filing with […]

After presenting the Christmas business and in light of the ongoing market weakness in January 2019, the management board of Wolford Ag has announced that it does not expect the company to achieve positive operating earnings (EBIT) in the current 2018/19 financial year. The board has therefore revised […]

Nordstrom, Inc. has announced a comparable sales increase of 1.3 percent for the nine weeks ended January 5, 2019. The company said in a statement that in full-price, comparable sales increased 0.3 percent relative to the third quarter year-to-date increase of 1.9 percent, reflecting softer traffic […]