Frugal is the new cool for young Chinese as the economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where … Read more

H&M’s June-August sales lag expectations

The H&M clothing store is seen in Times Square in Manhattan, New York, US, November 15, 2019. REUTERS/Mike Segar/File Photo GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register STOCKHOLM, Sept 15 (Reuters) – H&M (HMb.ST), the world’s second-biggest fashion retailer, reported on Thursday a smaller rise than expected in June-August … Read more

Tod’s sales rise 17% in H1, above pre-COVID levels

Shoes of Italian luxury shoemaker Tod’s are displayed in the window of the company’s store in Zurich, Switzerland, April 25, 2019. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register MILAN, Sept 7 (Reuters) – Sales at Italian fashion group Tod’s (TOD.MI) rose by 17% in the first half of the year, broadly … Read more

Ferragamo sales beat forecasts in H1 despite slowdown in China

A pair of shoes of Italian luxury shoemaker Salvatore Ferragamo is displayed in the window of the company’s store in Zurich, Switzerland, April 25, 2019. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register MILAN, Sept 6 (Reuters) – Revenues at Italian luxury group Salvatore Ferragamo (SFER.MI) topped market forecasts in the first … Read more

Ted Baker’s store revenue gains on recovering footfall, formalwear sales

A Ted Baker store is seen on Regent Street, in London, Britain, April 3, 2022. Picture taken April 3, 2022. REUTERS/Peter Nicholls Register now for FREE unlimited access to Reuters.com Register Sept 2 (Reuters) – British fashion group Ted Baker Plc (TED.L) said on Friday people were returning to its high-street stores and buying more … Read more

Gap tops revenue estimates on strong demand for Banana Republic apparel

A man walks past a Gap store on Oxford Street in London, Britain, July 1, 2021. REUTERS/John Sibley Register now for FREE unlimited access to Reuters.com Register Aug 25 (Reuters) – Gap Inc (GPS.N) beat revenue estimates on Thursday on strong sales at its Banana Republic division, but withdrew its annual forecasts as the apparel … Read more

Abercrombie cuts full-year sales forecast on inflation hit

Abercrombie & Fitch products are seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, US, February 15, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 25 (Reuters) – Apparel retailer Abercrombie & Fitch Co on Thursday cut its full-year sales forecast after falling … Read more

Britain’s Joules warns of loss, knocking shares, as weather wilts sales

Shares in UK fashion retailer slump 34% Joules expects pretax loss in FY23 Hot weather, cost-of-living crisis hit sales Aug 19 (Reuters) – British fashion retailer Joules (JOUL.L) warned of an annual loss on Friday and said it expects to need a waiver on some debt covenants, triggering a 34% slide in its share price. … Read more

Pandora shares fell on disappointing US sales

Pandora signage is seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, US, February 15, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Shares down 7.3% Q2 sales in line with expectations US sales disappoint CEO: Inflation has not impacted jewelery sales Pandora postpones revamp … Read more

Hong Kong June retail sales decline at a slower pace

June tourist arrivals soar 563.1% y/y after May’s 252.7% growth June jewellery, watch sales up 2.3% y/y vs May’s 7.7% rise Govt expects spending vouchers to support consumption demand HONG KONG, Aug 2 (Reuters) – Hong Kong’s retail sales in June fell at a slower pace than the previous month, official data released on Tuesday … Read more