Urban Outfitters Inc’s second-quarter profit and sales beat analysts’ estimates, as the company sold more apparel at full price and offered fewer promotions at its stores, sending its shares up nearly 3 percent.
TJX Cos Inc reported a 6 percent rise in quarterly comparable-store sales on Tuesday, as big discounts attracted more younger shoppers and generated the off-price retailer’s 16th consecutive quarter of traffic growth.
The funding will help the London-based start-up hire at least 50 more people this year and open offices in Hong Kong and New York. It comes after four years of strong growth, with sales doubling every year.
Sustainability was the key message at Pure London as its new Conscious section debuted with a broad selection of sustainable brands and the seminar and discussion programme took a deep dive into the issue.