For the 53 weeks to April 1, 2018, Missguided reported rise in revenues to 215.9 million pounds compared to 205.8 million pounds last year, however, the company said in accounts filed with the Companies House UK that losses widened to 46.6 million pounds against 1.3 million pounds last year due to “significant […]

We could be saying goodbye to Sears sooner than we think. The company is preparing itself for liquidation after their chairman Eddie Lampert's bid to buy the stores out of bankruptcy fell shorts of bankers qualifications. The news was first reported by Bloomberg. Last Friday an emergency meeting was […]

Callaway Golf Company (Callaway) has completed the announced acquisition of Jack Wolfskin from the previous shareholders on January 4, 2019 for 418 million euros or approximately 476 million dollars at an exchange rate of 1,140 euros to the US dollar. While Callaway is headquartered in Carlsbad, California, […]

Gareth Jones, the former chief executive at Missguided, has been named as a non-executive director of men’s tailoring retailer, Moss Bros. Jones, who left the online fashion retailer in May 2018, will join the Moss Bros board on January 14. He will also become chairman of the Remuneration Committee […]

The supervisory board of Lenzing AG has extended the management board mandates of Chief Financial Officer Thomas Obendrauf and Chief Commercial Officer Robert van de Kerkhof. The company said that the new employment contract of Thomas Obendrauf runs until June 30, 2022 and the new contract for van de […]

London Designer Outlet (LDO) in Wembley Park said in a statement that for the Christmas week, from December 21, 2018 to January 1, 2019, total revenue increased 2 percent year-on-year with footfall rising 8 percent over the same period last year. While sales of footwear climbed by 14.4 percent, sports […]

Full price sales at Next Plc for the Christmas trading period, between October 28 and December 29, the company said in a statement, were in line with the guidance revealed in September and were up 1.5 percent on last year. For the full year, Next expects full price sales growth of 3.2 percent, while […]

New York - The first week of January is crucial as main apparel retailers in the UK share their Christmas trading updates. After John Lewis enjoyed the benefits of last-minute shopping, the City expects Next to report disappointing figures, forecasting in-store sales could be down as much as 13 percent. […]

Total sales at John Lewis, the company said in a statement, were up 4.5 percent for the week ending December 29, 2018. Driven by strong sales on Christmas Eve and a confident start to clearance sales both online and in shops. The company added that fashion sales were up 10.7 percent on last year, with […]

Premium footwear brand Mahabis, known for its slippers with detachable soles that enables the footwear to be worn both inside the home and out, has entered administration. Founded by entrepreneur Ankur Shah in 2014, Mahabis, which claims to have sold nearly a million pair of slippers to customers in […]