Belgian lingerie group Van de Velde, which was banking on modest growth in 2018, has revised its outlook down, and is now expecting sales to be stable at best, if not in decline over the course of the year.
OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
Fashion sales soared online during March, but while that could have been due to easter, the latest IMRG Capgemini e-Retail Sales Index suggests we could also be seeing fundamental changes in UK retail.
Q4 proved difficult for Bonmarché Holdings but the company preferred to focus on achieving its profit goals for the year and its impressive online sales rise when it released a trading update on Friday.
The ranks of people subscribing to Amazon Prime service for speedy delivery of purchases and streamed television has topped 100 million, the company's chief Jeff Bezos said Wednesday in an annual letter.
U.S. footwear firm Skechers Inc. saw double-digit sales growth in the first quarter of 2018. However, a softer current-quarter sales guidance saw shares tumble late Thursday afternoon, after a stellar 2017 stock.
Deteriorating trade ties between the United States and China could mean American imports could be much more expensive in the future as the two countries trade tit-for-tat tax hikes on each other's goods.