Primark was a big problem for its owner Associated British Foods in the first half as the enforced closure of many stores drove down revenues and profits.
Australian buy-now-pay-later company Afterpay said on Tuesday it is exploring a U.S. listing after more than doubling its third-quarter sales.
Italian fashion group Etro is considering an expression of interest from buyout firm L Catterton, a source close to the matter said on Monday.
The owner of the Pep&Co fashion brand has snubbed the London Stock Exchange and chosen to list its shares in Poland instead. The company is thought to be worth around €5 billion.
Hammerson is to slash rents for its retail tenants by around 30% as UK stores reopen post-Lockdown 3. UK & Ireland MD Mark Bourgeois said that “typically, we're resetting our rents to more affordable levels”.
Studio Retail is no longer for sale. The company has received plenty of interest in the business, but said its recent strong trading suggests that it can create greater value for shareholders as a pureplay retailer.
Ant Group is eyeing options for Jack Ma to divest his stake in the firm and give up control, as meetings with Chinese regulators signaled that the move could help draw a line under Beijing's scrutiny of its business.
Alibaba’s luxury e-commerce platform has partnered with the luxury watch fair organized by the Fondation de la Haute Horlogerie in order to enhance the event’s digital capabilities.
The New York-based brand management company announced a fourth-quarter net loss from continuing operations of $4.4 million on Friday, compared to a loss of $7.9 million in the prior-year period.
Kering’s menswear label Brioni’s recovery plan focuses on its accessories line and new product categories. The brand aims to streamline its costs and business structure, planning 320 lay-offs by 2025.
Shopify Inc shares edged higher on Thursday, recovering partially from the previous day's fall, with analysts saying the news of planned senior executive departures may have limited impact.
Shares in French cosmetics group L'Oreal fell on Friday, as some analysts expressed disappointment at figures from the company's consumer products division,, despite overall strong group results.
The Hut Group plans to spend even more on making acquisitions in the future having set a new target of around £250 million a year for buying businesses, it said this week.
American Eagle Outfitters Inc on Wednesday forecast first-quarter revenue of more than $1 billion as strong demand helped the apparel retailer sell more products of its eponymous and Aerie labels at full price.
Walmart Marketplace grew to an estimated 70,000 sellers in 2020, fueled by a surge in online shopping due to Covid-19 and a series of investments in technology and vendor relationships reported here for the first time.
