Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.
A new deal between Harvey Nichols and tech firm Hero sees the luxury retailer offering a physical stores experience to online shoppers, and in its test phase its has driven conversion rates much, much higher.
After news that its CEO has been poached by Dr Martens, textiles-to-fashion-to-homewares company Cath Kidston has quickly found a replacement with American Melinda Paraie to join the British company next month.
M&S had some good news Wednesday as it reported more customers, higher e-sales and improved Clothing & Home margins. But all other figures were poor as it spent heavily to force through the change it desperately needs.
M&S has added experienced non-exec directors to its board as it prepares to deliver its latest results, with more store closures expected and potential demotion from the FTSE100 if its share price falls further.
Next has been facing tough times and its annual results on Friday illustrated that very clearly. It expects those tough times to continue but total sales for the current financial year are predicted to rise 1%.
Inditex had another good year in 2017, despite exchange rates denting its margin slightly. But its omnichannel focus drove it to higher sales and profits, and its new COO has been tasked with maintaining that momentum
Saks Fifth Avenue owner Hudson’s Bay Co said on Wednesday it had received a bid for its German department store chain Kaufhof from Signa Holding, the Austrian property and retail group that owns Karstadt.
Value Retail, the company behind some of the world’s most successful luxury outlet centres, has launched China’s largest mobile payment method Alipay to give its Chinese consumers an easy and safe way to make payments.