Investment and changing business conditions dented River Island profits last year, a report said on Monday. While the results aren’t due until later this month, The Telegraph said operating profit fell by over £55m.
French Connection said it's making progress and will be profitable again by year-end. But in H1, sales fell and it remained loss-making, despite wholesale in the UK, Europe and US firing on all cylinders.
If anyone was in any doubt about the ongoing strength of the athleisure trend, then JD Sports’ decisions to double the size of its already-large store in the Bluewater mall in Kent should cure them of that.
The Very brand boosted Shop Direct in its latest year with sales and customer numbers rising. But while operating profit is rising too, one-off items kept it lossmaking, although it's upbeat for the future.
Outdoor specialist Kathmandu is targeting major growth in Europe and the US with the company saying Tuesday that its two brands have “significant” growth potential outside its core Australia and New Zealand markets.