Urban Outfitters announced on Tuesday net sales for the first quarter increased 13%, on the back of double-digit growth in retail comparable sales, with inflation and operational costs weighing down company profits.
Abercrombie & Fitch Co on Tuesday cut its annual forecasts for sales and margins after posting a surprise quarterly loss amid a surge in freight and raw material costs, sending its shares down 30% in premarket trade.
BNPL may be booming but a troubled global economy is still presenting challenges to operators in the segment and news has emerged that one of the biggest operators, Klarna, is cutting 10% of its workforce.
Shaftesbury, the West End property giant that's in talks about a merger with Capco, has reported what might be its last set of results before a merger is unveiled with footfall up and its portfolio value growing.
Major global brands will “continue betting on physical retail to drive sales in resilient destination cities”, a Savills report says. And it named New York, Paris and London as “the most attractive cities for retailers”.
British sportswear company Castore is clearly a business on a mission — to reach out to as many consumers as possible by links with the specific sports they love. And its latest deal is with 24 Hours of Le Mans.