
Swedish fashion group Hennes & Mauritz posted a shallower-than-expected fall in October underlying sales on Monday, raising hopes its focus on low-cost clothing would shield it from a consumer downturn.
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Swedish fashion group Hennes & Mauritz posted a shallower-than-expected fall in October underlying sales on Monday, raising hopes its focus on low-cost clothing would shield it from a consumer downturn.
Mid-market clothes retailers will continue to lose market share to premium stores as shoppers, who have been saturated by product choice in recent years, become more selective, a report released on Thursday said.
UK retailer Philip Green has made billions by spotting bargains and putting his own money on the line. Now he is looking for a deal to take control of swathes of Icelandic investor Baugur's shopping empire.
Retailer Philip Green has made billions by spotting bargains and putting his own money on the line. Now he is looking for a deal to take control of swathes of Icelandic investor Baugur's shopping empire.
"Made in Bangladesh" is set for a makeover after the Asian nation's key apparel sector signed up a London fashion design school to help it appeal to more trendy and quality-conscious buyers.
Bhs Group, the department store chain owned by billionaire Philip Green, posted a 40 percent fall in full-year operating profit on Tuesday, and for the fourth year running Green decided not to take a dividend.
Retailer John Lewis JLP.UL reported on Friday an 8.3 percent drop in weekly sales at its department stores, saying the turmoil in financial markets and good weather conspired to keep customers away.
Marks & Spencer is reining in investment, slashing costs and stepping up promotions amid signs of mounting pressure on consumers as banks tighten lending and house prices fall at the fastest rate for 17 years.
Clothing retailers, facing sharp cost increases, are planning a gamble that could backfire by raising prices next year in what could be one of the worst consumer downturns in 30 years.
Marks & Spencer will open its first store in mainland China on Oct. 2, the same day as a keenly-awaited trading update, in the latest move by an international retailer into the world's most populous country.