Under Armour’s Q3 sales remain flat, forecasts better revenue estimates
Under Armour, Inc., for the third quarter, reported that revenue was flat at 1.4 billion dollars compared to the prior year. The company said, gross margin decreased 40 basis points to 47.9 percent, operating income was 59 million dollars, while adjusted operating income was 133 million dollars. The company added that net income was 39 million...
9 hours ago
UK shop vacancies continue to rise amid Covid-19 uncertainty
The UK’s shop vacancy rate rose to 13.2 percent in Q3 from 12.4 percent in Q2 amid the ongoing Covid-19 pandemic, marking the ninth consecutive quarter of increasing rates. That increase was experienced across all locations, with shopping centres hit hardest, increasing to 16.3 percent from 14.3 percent in the previous quarter, according to the...
12 hours ago
Columbia Sportswear’s Q2 sales drop, announces leadership changes to drive omni-channel growth
Net sales at Columbia Sportswear Company decreased 23 percent to 701.1 million dollars, gross margin contracted 40 basis points to 48.9 percent of net sales, from 49.3 percent of net sales for the comparable period in 2019, operating income decreased 44 percent to 85.6 million dollars or 12.2 percent of net sales and net income decreased 47...
15 hours ago
Laura Ashley announces partnership with Next
Laura Ashley has announced a partnership with Next to re-launch its home products online and in-stores nationwide. The news was announced by advisory firm Gordon Brothers, which bought Laura Ashley out of administration in April. The company said Next was the ideal retail partner as it has over 500 stores in the UK and Ireland, as well as an...
29 Oct 2020
Lindex owner Stockmann reports improved trading in Q3
Finnish fashion group Stockmann has reported improved trading in the third quarteramid the company’s ongoing cost-cutting strategy. For the three months to 30 September, the group reported an operating profit of 11.7 million euros compared to a profit of 2.1 million euros a year earlier. Consolidated revenue at the company fell 6.8 percent to...
5 hours ago
Womenswear colour trends on the SS21 runways
The rise of eco-consciousness and the importance placed on sustainability inspires colours that reflect these key consumer mindsets. A prevailing sense of optimism for the future, at odds with current circumstances, also comes through in these quiet yet uplifting tones. Quiet Eco Pastels As eco and sustainability themes permeate everything this...
5 hours ago