All International articles – Page 34
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NewsTourist tax causes London retail to lose out
Shops in London are struggling to lure tourists to stores following the government’s introduction of VAT on overseas spending.
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NewsWatches of Switzerland sales dip
Watches of Switzerland has reported a fall in total sales but said performance remains “in line with our guidance and expectations” in the first quarter ending July 2023.
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NewsAllSaints posts record results as product focus pays off
Fashion retailer AllSaints has reported its best-ever annual sales and profits.
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Innovation of the WeekInnovation of the Week: Walmart launches zero-waste carbon-capture pilot
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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NewsKmart appoints new brand CEO as it eyes European expansion
Australian retailer Kmart Group is setting its sights on expanding its product development brand Anko into Europe by appointing the first CEO for Anko Global.
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NewsAmazon profits climb as cost cutting pays off
Amazon has reported an increase in profits for the second quarter of the year and increased its guidance for the next quarter as cost-cutting measures paid off.
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NewsHugo Boss raises outlook as sales surge
Fashion retailer Hugo Boss has posted a “strong growth trajectory” and has raised its full-year outlook for 2023 as it recorded double-digit growth “across all brands, regions and channels” in its second quarter.
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Innovation of the WeekInnovation of the Week: Patagonia launches 24-hour online repair portal
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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NewsCard Factory opens first store in Middle East
Card Factory has opened its first store in the Middle East as part of a long-term franchise agreement with Liwa Trading Enterprises.
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NewsMoncler hails business ‘milestone’ as sales boom
Luxury fashion retailer Moncler Group has called its first-half performance a “significant milestone” as revenues across the business boomed and exceeded €1bn (£857.7m) for the first time.
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NewsHarrods unveils plans for first private members’ club in Shanghai
Luxury department store Harrods has unveiled plans to open its first-ever private members’ club in Shanghai, China, by the end of the year.
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NewsBurberry sales jump as core categories perform strongly
Luxury brand Burberry has reported a jump in sales, as core categories for the brand such as outerwear and leather goods performed well.
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AnalysisStrategy spotlight: Five ways Zara owner Inditex can remain on top
Inditex saw group profits surge in its latest quarter, with pre-tax profit margins rising from 14.7% to 19.8% and group EBITDA jumping 14% to €2.2bn (£1.89bn) for the three months to April 30, 2023 (2023/24)
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NewsUniqlo owner Fast Retailing ups profit guidance
The owner of fashion giant Uniqlo, Fast Retailing, has upped its full-year profit guidance following a “strong” international performance in its third quarter.
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AnalysisFrasers or Nordstrom: who is Asos’ perfect match?
Embattled fashion pureplay Asos has recently been at the centre of takeover talks following reports of a £1bn takeover bid by Turkish fast-fashion retailer Trendyol. Frasers Group also sparked speculation by increasing its stake in the fashion retailer three times in two weeks
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NewsPepco revenue rises despite ‘challenging trading environment’
Pepco has reported a growth in revenue despite facing a “challenging trading environment” in April and May across central Europe.
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NewsWatches of Switzerland sales and profits soar in record year
Watches of Switzerland has posted a “record” year of revenue and profitability, entering 2024 “significantly ahead” of what it previously forecast as strong momentum across the US, UK and Europe continues.
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NewsLush’s plastic-free collection crosses £1m global sales in a week
Lush’s latest plastic-free collection in collaboration with Spongebob Squarepants has crossed £1.3m in global sales since launching at the end of June.
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NewsJD Sports strengthens position in Iberia with £427m acquisition
JD Sports is set to buy out the minority shareholders in Iberian Sports Retail Group (ISRG) to acquire 100% of the brand as it strengthens its foothold in the Iberian peninsula.
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NewsCurrys profits fall as Nordics success ‘brought to abrupt halt’
Electricals giant Currys has posted a fall in full-year profit after its long track record of Nordics success “was brought to an abrupt halt”.