As Victoria’s Secret held its annual fashion show, its Columbus, Ohio-based parent company reported that the lingerie label’s sluggish performance continued to undermine otherwise strong sales growth in October.
Procter & Gamble Co on Thursday announced the creation of six business units for its largest geographic markets, its biggest organizational change in the last 20 years that will be effective from July next year.
The Colorado-based footwear company announced continued progress in sales and profits on Thursday, as the brand managed to achieve solid growth in the third quarter despite sales losses related to a reduced store count.
Driven by flagship label Moschino and its multi-brand channel, the Italian fashion group has announced strong growth in the first nine months of the year, reporting double-figure increases in both revenue and profit.
Brooks Running will divide its European business into three commercial territories, naming Hamish Stewart, Bastian Huebschen and Coke Salvans as managers of the new North, Central and South European divisions.
The Austrian fibre producer behind the Tencel brand has posted a 5.2% decline in sales to €1.64 billion ($1.8bn) for the first nine months of the year, as it was forced to pay more for key raw materials.
Superdry may be under pressure at the moment from its unhappy co-founder, and it may have had a tough time in the summer, but its trading update on Thursday painted a picture of a company in reasonably good health.
Michael Kors may have seen its shares falling sharply after sales missed analysts’ forecasts, but the message from the company’s top team was (almost) all positive as it looked to a time when it will be an $8bn group.
Burberry was upbeat on Thursday morning as it reported half-year results saying that its “brand repositioning is under way, with strong initial response” and that it’s “energised by the early results.”
Following the news that Amazon now plans to split its new headquarters between two sites, including Long Island City, residents are concerned how the once-sleepy enclave in Queens will absorb the online retail giant.