Boohoo delivered a powerful set of final results on Wednesday to show just how much money can be made from selling affordable fast-fashion online and that its formula can perform globally as well as in the UK.
“Disappointing” was how Asos described its first half as pre-tax profits went into freefall (down 87%). While sales rose 14% for the six months to the end of February, the retail gross margin dropped 60bps.
Tommy Hilfiger is aiming to elevate athleticwear with the launch of Tommy Sport, its new athletic apparel line for men and women, mixing traditional high-performance athleticwear with a signature Tommy Hilfiger twist.
Boohoo Group released its half-year report on Wednesday and in a fashion retail market that’s seeing a record-breaking level of challenges, the company is going from strength to strength with revenue up 50%.
Lagardère reported its half-year results on July 26, 2018, confirming that it sold its shares in the Marie Claire group and announcing that it has reached an agreement for its other press titles, including Elle.