Teen apparel retailer Abercrombie & Fitch trimmed its annual sales growth forecast on Tuesday, blaming political issues from Brexit to the Hong Kong protests for keeping customers away from its stores outside the US.
When a report headline says “Retail sales cease their decline in November”, it might not seem like the most exciting news in the world. But in volatile times such as these, it came as a relief to the UK retail sector.
PVH Corp raised full-year adjusted profit forecast on Monday after its third-quarter results beat Wall Street expectations, powered by higher demand for its Calvin Klein and Tommy Hilfiger apparel in Europe.
The retail group, owner of Cortefiel, Springfield and Women’s Secret, has bought Spanish fashion label Intropia that in November 2018 went into liquidation. The value of the transaction has not been disclosed.
E-tail giant Zalando launched a raft of Cyber Week offers on Monday with the company saying the deals aren't just about driving sales but are an important strategic move in boosting its customer acquisition.