Fashion retailer Guess Inc reported on Wednesday quarterly revenue for the holidays season that beat analysts' estimates on strong demand in Europe and Asia, sending its shares up nearly 12 percent in extended trade.
Britain's retail sector has turned toxic in a climate of squeezed consumer spending laced with Brexit uncertainty, but low valuations are making some stocks a tempting prospect for the brave contrarian.
France's chic department store Galeries Lafayette is betting on an art foundation and an Italian gourmet food hall in Paris to help differentiate its brand from bricks-and-mortar rivals and e-commerce competitors.
New Look's CVA plan under which it will close 60 stores has received almost unanimous creditor approval, it said Wednesday. And it’s looking to the future with a new approach to pricing and faster product development.
The Swiss attorney general’s office has opened its own criminal probe in a tax case involving luxury group Kering’s Gucci unit after fielding a request for help from Italian authorities, the agency said on Wednesday.
French luxury goods firm Hermes , known for its $10,000-plus Birkin handbags, on Wednesday posted record margins for 2017 and said it would make an extraordinary payout to shareholders as well as hike its dividend.
French fashion group SMCP , owner of brands Sandro, Maje and Claudie Pierlot, on Wednesday reported a 18.6% rise in adjusted core profit for 2017 and forecast margins would further increase in 2018 to around 17%.
Moss Bros has seen a perfect storm of problems. Its supplier consolidation has backfired in the short term causing stock shortages, while bad weather and consumer caution have hurt turnover and led to a profit warning.