Sales news and archive

Fashion sales grow in Brazil in December, says retail association

Despite the crisis, the month of December was positive for many Brazilian fashion retailers, according to the Brazilian Association of Textile Retail (ABVTEX, in the original acronym) which represents around 90 prominent fashion brands, including C&A, Zara, Hering, Forever 21, Dafiti Group, Netshoes and Marisa. A surprising 62 percent of ABVTEX’...

Management|REPORT

Is it time UK retailers ditch discounting for good?

London - Even though Black Friday may not have quite the draw to the high street as it did in the past, in 2017 the discount shopping day boosted online sales across Europe by 509 percent. 47 percent of all womenswear was reduced in price as well, according to the WGSM Barometer, underlining the growing appeal to snag a fashionable deal....

Report

Hermes ties up higher sales

Luxury goods maker Hermes said Wednesday that it booked further sales growth in the third quarter, driven by higher demand in all divisions and across all regions. Hermes said revenues were up by 6.4 percent at 1.337 billion euros (1.5 billion US dollars ) in the period from July to September, beating analysts' expectations. Adjusted for...

Report

Alibaba says profit up 132 percent in 'outstanding' quarter

Chinese e-commerce giant Alibaba said on Thursday that its net profit soared 132 percent in an "outstanding" latest quarter, prompting it to raise its projection for full-year revenue growth. Net profit for the three months ending September 30 reached 17.67 billion yuan, (2.67 billion dollars), up from 7.62 billion yuan in the same period of...

Report

Hema net sales increase 4.8 percent in Q1 FY17

London - Dutch retailer Hema enjoyed a strong first quarter for its financial year 2017, reporting 4.8 percent increase in net sales in Q1 FY17 to 283.4 million euros, compared to 270.3 million euros in Q1 FY2016. Like-for sales increased 2.7 percent during Q1 FY17 and adjusted EBITDA grew 11.4 percent to 17.6 million euros, marking Hema's ninth...

Management|REPORT Featured

New Look revenue up 5.4 percent in "milestone" FY16

London - New Look has enjoyed a solid year, as its strategy has resulted in an revenue increase of 5.4 percent for the fiscal year 2016. Revenue for the 52 weeks to March 26, 2016 hit 1.49 billion pounds compared to 1.41 billion pounds for FY15, bolstered by the brand's multi channel push, menswear focus and "continued success" in China. New...

Fashion |INTERVIEW Featured

YNOT to 'level the playing field' in the footwear industry

"We are disrupting the business of footwear worldwide and I am the creative director who is getting men laid," said John Leith, founder, CEO and creative director of YNOT with a laugh to FashionUnited. "I'll give you a lot of one liners because that is part of the message. I am not just selling a pair of shoes, I am selling what comes with that....

BusinessFeatured

Fashion brands affected by volatile currencies

As the majority of fashion companies export their goods, the costs, sales and profitability of their brand can suffer when there is a high fluctuation in currencies. Devaluation of the rouble at the end of 2014, for example, saw companies like Zara, Adidas, New Look and River Island all close stores in Russia. One way to combat currencies woes...

Retail

Burberry taps in Twitter to boost Christmas sales

Luxury British brand Burberry is tapping in Twitter and offering advice to last minute Christmas shoppers in a bid to boost sales. Burberry sales assistants will be working around the clock on the social media platform and responding to tweets under the #BurberryGifts. The associates will reply to individual questions with personalized gift...

Fashion

My-Wardrobe.com to shut down for good?

My-Wardrobe.com may shut down its business for good as early as next year, as the struggling premium retailer continues to cut prices until its current season stock sells out. According to sources close to the online retailer, My-Wardrobe.com will not last longer than three months, with a number of current employees searching for new “challenges...

BusinessFeatured

Hugo Boss reveals strategic growth plan targeting faster sales increase

German fashion label Hugo Boss is set to unveil its upcoming strategic growth scheme, which will run to the 2020 during the Investor Day event taking place in Paris today. The fashion brand predicts its sales growth to speed up and its margins to improve over the next few years as it works to “significantly upgrade” its core brand, with the aim...

BusinessFeatured

AllSaints bounce back from recession

REPORT_ AllSaints from Spitalfields has seen its sales grow more than 10 percent in the past year, from 197 to 219 million pounds. The directional high street brand is owned by Lion Capital, which also operated Jimmy Choo and more recently the Dutch department store Hema. The company's losses dropped from 19.7 to 1 million pounds The company...