Upscale Australian department store chain David Jones saw A$712 million being slashed from its value on Thursday as South African owner Woolworths booked an impairment charge linked to the underperforming business
India’s male grooming industry is set to grow at CAGR of about 45 percent and touch Rs 35000 crore (approx $5.5 billion) from the current Rs 16,800 crore (approx $2.64 billion), according to the latest ASSOCHAM report.
Burberry had a good Christmas quarter even though its comp sales rise fell short of analysts' predictions. Its fashion offer outperformed while digital continued to rise and top-spending shoppers returned to the fold.
More big-name brands are launching pop-up stores with a micro-focus on fragrance. It's the latest attempt by firms to boost brand immersion, instore customer experience and lift sales for new and bestselling products.