British shoppers spent more than expected last month after being enticed by online shopping deals, official figures showed Friday, but fashion sales fell and sales volumes look set to resume their decline.
Richard Wainwright is the king of vintage, head of the A Current Affair and Pickwick Vintage markets, and of the New York vintage shop ARCADE. In October, he will open his first physical shop in Los Angeles.
The eco-friendly brand, dedicated to women and inspired by Bali, has just opened its new store in Los Angeles in the Row DTLA shopping center. Founder Belinda Kazanci has include her own collections and other brands.
Struggling lifestyle retailer Joules has rarely been out of the news in recent weeks and on Friday it made headlines again as it reported that recent “trading has softened materially” and H1 profits will be hit.
Kohl's Corp cut its full-year sales and profit forecasts on Thursday, squeezed by steep discounts and higher costs amid dwindling demand for clothing and shoes in the face of high inflation, sending its shares down 5%.
Global Fashion Group, the online fashion and lifestyle destination targeting growth markets, has delivered net merchandise value (NMV) of €792.1m in the second quarter of 2022, up by 11.8 per cent year-on-year.
Irish consumer sentiment slipped marginally to hover at a 22-month low in August as respondents said they expected to further cut back on major purchases in the coming months, a survey showed on Thursday.
British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of 9.4% in June, intensifying the squeeze on households, official figures showed on Wednesday.
Walmart nudged up its annual profit forecast on August 16, partly reversing a hefty recent cut, as discounts to clear excess merchandise and lower fuel prices helped it beat expectations for quarterly sales.
Wolverine Worldwide posted revenue of $713.6 million in the second quarter for growth of 12.9 per cent versus the prior year. Excluding Sweaty Betty, revenue was $666.2 million, a record for the period.
The UK has launched the Developing Countries Trading Scheme to extend tariff cuts to hundreds of more products exported from developing countries, going further than the EU's Generalised Scheme of Preferences.
Swedish fashion giant H&M's official store on Alibaba's Tmall e-commerce platform has re-opened, 16 months after the Chinese site took it down following the brand's criticisms of human rights abuses in Xinjiang.