US luxury group Capri has ended its fiscal year on an unsurprisingly gloomy note, largely due to the negative impact of the coronavirus.
Take a look at US kitchen and homewares retailer Williams-Sonoma’s latest sales figures and you would hardly know there has been a pandemic.
That L Brands has opted to sell a majority stake in Victoria’s Secret is a tacit recognition that the brand was on the road to nowhere under its previous leadership. This is underlined by the departure of Les Wexner as CEO and chairman of the company. The deal with private-equity company Sycamore potentially gives Victoria’s Secret a chance to reassess and rebuild. However,…
While some retailers lost momentum in the third quarter, Lululemon firmly bucked the trend and continued its run of strong growth unabated.
Both overall and comparable-store sales growth at Tiffany came in flat during the last quarter, neither metric helped by the challenges in Hong Kong which overshadowed strong trading in the Chinese mainland.
There is no real surprise from Gap’s third-quarter figures: sales are poor, profit is weak although marginally better than forecast, and the outlook remains gloomy.
Gap’s second quarter has proven to be mostly a continuation of the first, with negative results across nearly all segments of the business.
As usual, the latest results from L Brands show a tale of two companies: Bath & Body Works put in a blistering performance, while Victoria’s Secret lost ground.
At headline level, the latest Capri results looks to have been a good quarter for the fashion retail owner, with revenues up by a solid 11.9 per cent.
After a long run of fairly mediocre performance, Ralph Lauren has finally delivered a solid set of numbers.
The latest Amazon results are positive – but there is now a clear divergence in performance between the top and bottom lines.
Abercrombie & Fitch is on the right road to recovery.