The Cato Corporation has reported its February same store sales are down 5% over last year. It also reported a 5% increase over sales of $63.8 million for the four-week period ending February 25, 2017.
The chief executive of British retailer Marks & Spencer , Steve Rowe, said he and his new chairman, Archie Norman, differed very little on the strategic direction of the company and were working well together.
It was tough in 2017. Who says so? One of Britain’s most successful retailers, that’s who. John Lewis Partnership saw its profits falling over 20% in the face of a competitive environment, but fashion outperformed.
The German fashion house expects sales growth to accelerate in 2018 thanks to a shift to add more sportswear and casual styles but is more cautious on profit as it keeps up investment in revamping stores and its website.