GlobalData Archives - Inside Retail Asia
JD Sports to acquire Footasylum for US$120 million
After acquiring an 18.7 per cent interest in the business, JD Sports has made a move to acquire footwear retailer Footasylum, offering $1.54 per share.
French Connection turns a corner, but still posts a loss
For the first time in seven years, shrinking UK fashion retailer French Connection has achieved an underlying profit.
China retail industry poised to overtake the US
Turnover in the Chinese retail industry will eclipse that of the US later this year, according to analyses.
Gap brand sales slump as parent fails to re-engage
Gap brand sales fell 7 per cent globally in the last quarter as the US apparel retailer fails to re-engage consumers.
Victoria’s Secret ‘needs to reinvent’ after L Brands loss revealed
Lingerie brand Victoria’s Secret needs to reinvent itself, says retail analyst Neil Saunders.
J Crew CEO in ‘worrying’ sudden exit
The sudden departure of J Crew CEO Jim Brett worrying as it leaves the company leaderless at a time it desperately needs focus.
Momentum drives Walmart sales up again
Walmart sales reached US$124.9 billion in the third quarter, an increase of 1.4 per cent.
Acquisitions flatter Michael Kors sales performance
Michael Kors sales grew 9.3 per cent to US$1.25 billion during the second quarter – but the figures were flattered by new acquisitions.
‘Anemic’ Ralph Lauren results shows more work to be done
The Ralph Lauren results are “characteristic of a brand that is still not entirely confident about its place in the fashion world”.
Tapestry income soars as Coach connects with millennials
Growing engagement with millennials and reduced discounting has boosted profit for New York-based fashion group Tapestry.
McDonald’s sales growth continues, but US numbers cause concern
Fast-food chain McDonald’s has logged its 13th consecutive month of positive same-store sales during the third quarter.
Superdry suffers from sizzling summer in Europe, US
Superdry says its profits will take a £10 million hit this year.
