The U.S. outdoor apparel brand beat estimates and posted a rise in sales for the first quarter to over $543 million, but the radically evolving American sports wholesale and retail industry dragged down results at home.
Vince posted net comparable sales decreases for both periods, going so far as to say there is "substantial doubt" about its ability to continue as a going concern. The brand also suspended its net sales and EPS guidance.
UK chain Oasis has tried a new approach to signing off its AW17 collection as well as creating a unique marketing event to reach out to customers with an event for them to preview and feed back on the new offer.
Primark will open its biggest UK store before Christmas next year in the centre of Britain’s second city, Birmingham. It comes as Birmingham continues to secure its status as a key shopping destination.
Urban Outfitters, Inc., which controls brands such as Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters, has announced a major overhaul to its leadership, which could initially cost up to to $8 million.
Amazon has soft-launched a new own-label fashion offer in the UK under the Find name. The extensive offer is value priced and features both women’s and menswear with volume basics and trend pieces included.