10 days ago | By Fashion United

FatFace Christmas range. Image: FatFace
British retailer FatFace reported a strong trading performance for the Christmas period, seeing its sales and profits grow throughout the peak shopping season.
The brand said sales were up 34 percent in comparison to last year, with digital sales growing 26 percent, driven by new customers and an increase in average order size, like-for-like store sales up 47 percent and North American sales rising 15 percent.
It added that full price sales were maintained up to Christmas, with discounts commencing on Boxing Day, resulting in the business' best ever...
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Reiss Christmas sales up 20 percent, expects record FY profit

10 days ago | By Fashion United

Image: Reiss
Upmarket British brand Reiss has reported a 20.3 percent year-on-year increase in sales in the Christmas trading period.
In the nine weeks to January 7, store sales rose 18.5 percent while online sales increased 22.3 percent.
For the six months to January 7, sales increased 16.1 percent, with store sales up 14.3 percent and online sales up 18.3 percent.
“Reiss has continued to perform strongly over the Christmas period, reflecting the underlying levels of growth experienced throughout 2022,” said CEO Christos Angelides in a statement.
“Sales were strong across all product...
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THG reports record FY sales, but lowers profit outlook

11 days ago | By Fashion United

Image: THG
British retail giant THG has lowered its profit guidance despite reporting record annual sales.
Revenue came in at 2.25 million pounds in the year to December 31, up 3.3 percent from a year earlier and up 39.6 percent compared to two years ago. But that was still below target.
The company said the results were impacted by lengthier onboarding of higher revenue and margin Ingenuity partnerships; disruption in the UK courier network during December; and the group's decision to discontinue a proportion of loss-making OnDemand sales.
The Manchester-based company said it expects FY22...
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Quiz expects to deliver full year profit in line with expectations

11 days ago | By Fashion United

Image: Quiz media centre
Total sales at Quiz Christmas period increased by 11 percent or 1 million pounds, year on year to 9.8 million pounds.
This performance, the company said, reflected strong customer demand for Quiz's trademark dressy occasion wear in the first Christmas period in three years not impacted by Covid-19 related social restrictions.
The board remains confident it will deliver profits for the full year at least in line with its expectations and is well positioned to achieve further profitable revenue growth in the longer term.
Commenting on the trading update, Tarak...
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Hugo Boss reports strong sales growth, expects full year profit to exceed forecast

11 days ago | By Fashion United

Image: Boss Flagship Oxford Street, London
On a preliminary basis, currency-adjusted revenues in the fourth quarter increased by 15 percent at Hugo Boss compared to the prior-year period, thus exceeding 2019 levels by 29 percent. In reporting currency, sales grew by 18 percent to 1,068 million euros.
The group anticipates that operating profit will increase by 47 percent to 335 million euros for full-year 2022, thereby exceeding current market expectations of increase between 35 percent and 45 percent to 310 million euros to 330 million euros.
“Thanks to an exceptionally strong final...
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