Thursday, December 19

Tag: Clothing Retail

AB Foods Sees Strong Primark Margin Recovery, Launches Buyback 
7Nov By adminNo Comments
World

AB Foods Sees Strong Primark Margin Recovery, Launches Buyback 

Updated Nov. 7, 2023 3:18 am ETAB Foods said it will provide further returns to shareholders after its fiscal 2023 profit rose, and that it expects fashion retailer Primark’s margins to substantially recover on the back of easing costs.The British conglomerate said Tuesday that it aims to buy back 500 million pounds ($617.1 million) in shares over the next 12 months. In October the group completed a GBP500 million buyback program.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Shein Buys Missguided Brand From Frasers
30Oct By adminNo Comments
World

Shein Buys Missguided Brand From Frasers

Updated Oct. 30, 2023 3:38 am ETChinese e-commerce giant Shein is adding Frasers Group’s Missguided to its shopping basket.Shein agreed to buy U.K. online women’s fashion label Missguided from retailer Frasers for an undisclosed sum, the companies said on Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Abercrombie Sued Over Former CEO’s Alleged Abuse of Male Models
27Oct By adminNo Comments
World

Abercrombie Sued Over Former CEO’s Alleged Abuse of Male Models

Oct. 27, 2023 11:02 am ETAbercrombie & Fitch was accused in a lawsuit of enabling former chief Mike Jeffries to run an alleged sex-trafficking operation for years.Jeffries ran Abercrombie from 1992 until 2014 and built the brand into a global fashion giant around sexualized marketing. The CEO allegedly used promises of a job at Abercrombie to lure young men to locations around the world and coerced them to have sex with him and others, according to a lawsuit filed Friday in Manhattan federal court. The complaint follows a recent BBC investigation where several men made similar claims against Jeffries.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Engaged Capital Builds Stake in North Face, Vans Owner
17Oct By adminNo Comments
World

Engaged Capital Builds Stake in North Face, Vans Owner

Engaged Capital has built a big stake in VF Corp., owner of retail brands including Vans and The North Face, and plans to push for a slew of changes including steep cost cuts. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
H&M Earnings Beat Forecasts
27Sep By adminNo Comments
World

H&M Earnings Beat Forecasts

H&M posted earnings of SEK3.3 billion in the third quarter, with inventory efficiencies boosting cash flow, and said its goal of an operating margin of 10% during 2024 remained.
Read More