Fashion > Fashion

Quiz posts sharp decline in Christmas sales

1 month ago   |   By Fashion United

Omni-channel fashion brand Quiz, for the seven-week period to January 4, 2020 reported 9.3 percent decrease in the group sales. The company said in a statement that while sales across the important Black Friday week remained positive, since that date, however, sales softened relative to expectations.The company continued to deliver growth through its own Quiz websites with revenues increasing by 5.9 percent in the period supported by improved full-price sell-through with less promotional activity than the prior year.
Commenting on the trading update, Tarak Ramzan, the company's Chief...
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Very.co.uk delivers 6.1 percent growth over Christmas period

Very.co.uk delivers 6.1 percent growth over Christmas period

1 month ago   |   By Fashion United

Multi-category online retailer Very.co.uk has announced that the company increased retail sales by 6.1 percent year-on-year in the seven weeks up to and including December 27, 2019, driven by growth across all product categories, with particular strength in fashion and sports, and electrical. The brand owned by The Very Group also operates Littlewoods.com.
Commenting on the update, Henry Birch, group CEO at The Very Group, said in a statement: “Our team worked tirelessly to give our four million customers an amazing Black Friday and Christmas. Following a relatively subdued autumn across...
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Liverpool One posts rise in festive sales to round off record year

Liverpool One posts rise in festive sales to round off record year

1 month ago   |   By Fashion United

Liverpool One has celebrated a successful festive trading period with a 5 percent increase in sales compared to the same period last year.
The figures mark the end of a record year for the shopping destination, with sales over the 12-month period up 2.5 percent and footfall reaching 29 million, 5.5 million of which came over the Christmas period.
The year saw 17 new store openings, including fashion brands Ralph
Lauren, Oliver Bonas, Mint Velvet and Kate Spade, as well as beauty brands
Too Faced and Morphe. Additionally, 125,000 square foot of space was renewed with existing tenants, while...
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N Brown issues profit warning amid highly promotional market

N Brown issues profit warning amid highly promotional market

1 month ago   |   By Fashion United

N Brown Group Plc, for the 18 week period to January 4, 2020 reported digital revenue increase of 2.5 percent driven by strong growth at Simply Be & Ambrose Wilson. The company said in a statement that product revenue declined 4 percent as it continues the managed decline of legacy brands. The company's 87 percent of product revenue is now digital, an increase of 5ppts. The company added that due to a lower than expected benefit from the IFRS9 non-cash provision estimate, combined with lower financial services revenue and a highly promotional market, it now expects FY20 adjusted profit...
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Primark's Q1 sales increase 4 percent

Primark's Q1 sales increase 4 percent

1 month ago   |   By Fashion United

For the 16-week period, Associated British Foods plc said trading at Primark has been good in the first quarter with sales 4.5 percent ahead of last year at constant currency and 3 percent at actual exchange rates. The company said in a statement that sales growth was due almost entirely to the increase in selling space and like-for-like performance improved, driven by a marked upturn in the Eurozone.
The UK continued to perform well with sales rise of 4 percent, driven by a strong contribution from new selling space with a marginal decline in like-for-like sales for the period. Sales in...
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