Ted Baker enjoyed a “good retail performance” over the tough Christmas trading period with the company saying on Wednesday that the eight weeks to January saw retail sales rising 9%, or 10.5% at constant exchange rates.
Fat Face’s decision to shun the traditional pre-Christmas discounting practices paid off for the British casualwear retailer, as sales increased by 12% and 8% on a like-for-like basis in the 5 weeks to 6 January 2018.
L'Oréal's deal with David Beckham will see the debut of House 99, a 21-piece grooming line next month, with its Harvey Nichols debut showing that this is intended to be no flash-in-the-pan mass-market celebrity brand.
Chains that struggled with Christmas trading are grabbing the biggest headlines for now, but it’s important to note that not everyone in UK fashion retail is suffering and East certainly seems to be getting things right.
We’ve heard a lot of words used to described UK retail in recent months - from tough to, weak, volatile and challenging. But ‘torrid’ was the word Visa chose as it released its December and full-year spending figures.
Analysts are gloomy about Debenhams' prospects after a downward spiral of markdowns hurt Christmas season profits. And speculation about faster job cuts and store closures has followed its trading update.
Australian surfwear seller Billabong International Ltd agreed to a buyout from its top shareholder and major lender Oaktree through its Boardriders unit Friday, in a deal valuing the company at about A$197.7m ($155m).