Puma Reports 14% Sales Growth in Q1, Cites Strong Demand for Performance Categories and DTC Success
Sportswear giant Puma reports a 14% increase in first quarter sales, reaching €2.18bn (£1.93bn), driven by strong demand for...
China
Mulberry Reports In-Line Revenues for FY23 Amid Improved Retail Performance
In a recent announcement, Mulberry reported that its financial year trading was in line with expectations, with revenues slightly...
Uniqlo Owner Fast Retailing Reports 16% Profit Increase Amid Global Recovery
Uniqlo's parent company, Fast Retailing, reports a 16% increase in operating profit to £1.3bn for the first six months...
Prada Group Reports 21% Profit Increase to €4.2bn in FY22
Prada Group's 2022 revenues soared 21.3% to €4.2bn ($3.7bn), driven by retail sales and organic growth at top brands...
Burberry Overcomes COVID Disruptions with 1% Sales Growth
British retailer Burberry reports a 1% increase in like-for-like sales for Q3, mainly due to COVID disruptions in China....
H&M Reports 12% Increase in Full-Year Sales to £17.7bn
H&M's provisional sales soar 12% to £17.7bn, beating expectations with a 15% increase excluding Russia and Belarus; fourth-quarter net...
Mulberry Reports Strong Post-Pandemic Recovery with 32% Revenue Growth
Mulberry Group reports a 32% increase in revenues to £152.4m compared to last year, reflecting its strong post-pandemic recovery....
Inditex Group Reports 80% Profit Surge Amid Strong Recovery and Sustainable Initiatives
Inditex Group reports a massive 80% increase in profits to €760m ($824m) during Q1, thanks to strong store traffic...
Harrods Appoints New CFO Amid Pandemic Recovery Plans
In a bid to recover from the pandemic and expand its global presence, luxury retailer Harrods has appointed Tim...
China Investigates Alibaba for Monopolistic Practices and Ant Group’s Stock Market Halt
In a shocking turn of events, China's State Administration for Market Regulation (CSAMR) has launched an investigation into e-commerce...