There was mixed news coming out of UK e-tail in August as the country returned almost to normal after the three-month heatwave and the gardening sector finally took a backseat to sectors such as beauty and menswear.
Rocket Internet responded to investor calls to use some of its 2.1 billion euro cash pile on Thursday with a plan to buy back shares worth up to 150 million euros, 3.6 percent of its outstanding stock.
Harvey Nichols had a good year in the 12 months to March as its investments in its physical spaces began to pay off. Further investment and digital innovation could drive the current year higher even in a tough market.
French Connection said it's making progress and will be profitable again by year-end. But in H1, sales fell and it remained loss-making, despite wholesale in the UK, Europe and US firing on all cylinders.
Retail sales in Russia rose more than expected in August, suggesting a tepid economic recovery is underway, but real wage growth was slightly lower than forecast and agricultural output tumbled, data showed on Wednesday.
Moncler’s third quarter of the year is “going well” and the company’s new monthly collection strategy dubbed “Genius” is performing above expectations, the CEO and Chairman of the luxury outerwear group said Wednesday.