Hudson’s Bay on Wednesday reported a quarterly profit that topped estimates, as sales at its Saks Fifth Avenue stores rose during the holiday season and the Canadian company benefited from an increase in online sales.
Australian retailers enjoyed their best sales in February since late-2017 in a boon to economic growth in the first quarter, signalling surprising resilience in household consumption and sending the local dollar higher.
The safety of workers making clothing for brands could be at risk if Bangladesh’s Supreme Court moves on Sunday to shut down a factory inspection mechanism set up by European fashion labels, campaigners said on Tuesday.
Following its recent acquisition of an increased stake in Tom Tailor, the Chinese firm has presented a takeover bid for the struggling German apparel company, making an offer below the group's current market value.
Superdry co-founder Julian Dunkerton needed 50% shareholder support to get back onto the struggling retailer's board and he has won his battle, getting 51.15% of the votes. The exec team has quit and he's now CEO.