Boohoo continued its impressive run in the last months of 2017 with its main brand, as well as PrettyLittleThing and Nasty Gal, all powering ahead globally. Can surging growth continue? The company thinks it can.
Cartier maker Richemont said on Thursday solid sales growth in the quarter to Dec. 31 was driven by the Asia Pacific region and buoyant jewellery demand, kicking off the luxury goods reporting season on a positive note.
Ted Baker enjoyed a “good retail performance” over the tough Christmas trading period with the company saying on Wednesday that the eight weeks to January saw retail sales rising 9%, or 10.5% at constant exchange rates.
Upmarket beauty retailer Space NK enjoyed strong trading in the year to 25 March 2017, with turnover rising 11.4% to £96.4 million as a result of continued consumer interest in luxury skincare, beauty and fragrance.
Chains that struggled with Christmas trading are grabbing the biggest headlines for now, but it’s important to note that not everyone in UK fashion retail is suffering and East certainly seems to be getting things right.
Mothercare’s recovery has continued to falter since it released its half-year results a few months ago and on Monday it revealed ongoing tough times for the business over the Christmas period as even e-tail fell.
Counter Brands LLC has announced that Mousse Partners Ltd, a single-family venture-capital office, has made a strategic investment in the clean beauty company. Capital will go towards developing strategic initiatives.