Price matching at John Lewis eroded its ability to make profits in the first half even though its fashion ops grew and it outperformed the market on that front. It's uncertain about what the second half will bring too.
The VF-owned youth brand announced on Wednesday that it plans to reach $5 billion in revenue by fiscal 2023, a $2 billion increase that Vans is hoping to drive with strong growth in its direct-to-consumer business.
In the midst of Chapter 11 bankruptcy proceedings, the American accessories retailer is battling on, managing to reduce its net loss in the second quarter as the positive effects of restructuring begin to take effect.
A merger between Sports Direct's House of Fraser and rival Debenhams, in which the retailer owns almost a 30% stake, has been discussed by the Sports Direct board, but the firm said it has no plans to bid for the chain.