Landsec is “poised for recovery” after the toughest of trading years, the UK landlord said in its annual results statement on Tuesday. And that recovery won’t include its retail park portfolio, which is to be sold.
Budget shoe retailer Shoe Zone on Tuesday reported a loss for the six months to April 3 on the back of lower sales, although this was hardly a surprise given how weak the footwear category has been during lockdowns.
Ibiza boutique Revolver has launched an own-brand collection for the first time with founders Catherine and Jean-Paul Sanchez working with British design director Cat van Baal on the trans-seasonal re:001 line.
The womenswear label founded in Marseille in 1985, is undertaking two actions – an administrative case in Europe and a lawsuit in France – against Charaf Tajer's label, which it accuses of trademark infringement.
The luxury goods sector could shrug off the hit from the coronavirus crisis as early as this year as Chinese and U.S. shoppers help sales recover to pre-pandemic levels, consultancy Bain said on Monday.
The owner of brands including Umbro and Lee Cooper announced Q1 revenue of $23.6 million on Thursday, representing a 15% year-over-year decline, largely due to a 41% decrease in the company’s women’s segment.
South African conglomerate Steinhoff said on Friday it had set the price of shares in discount retailer Pepco at 40 zlotys (8.8 euros) in its Warsaw listing, giving the company a market capitalisation of 23 bn zlotys.