BusinessMember
Gymshark hits record revenue in FY24, yet profit continues to fall
Sportswear retailer Gymshark welcomed a strong revenue growth for FY24, recording an increase of 9 percent per annum which amounted to 607.3 million pounds. While its “active trading stance” and “vibrancy of the brand” were cited to have aided in the uptick, such instances were unable to help profit, which continued on a downward trend. For the...
14 hours ago
BusinessMember
Primark H1 sales marginally grow as store roll out continues, offset by weaker UK market
Sales for Primark saw impact from cautious consumer sentiment in the UK for the 24 weeks to March 1, yet in other regions “good underlying growth” was largely reported by the budget retailer’s parent company, Associated British Foods (ABF). Central and Eastern Europe welcomed the highest growth in sales at 21 percent, as the company continued to...
15 hours ago