Shopping malls giant Unibail-Rodamco-Westfield released its Q3 figures on Thursday and said the reopening in mainland Europe has driven an ongoing recovery with tenant sales at continuing European centres up 6%.
The New York-based fragrance group has reported $262.7 million in revenue for the third quarter ended September 30, 2021, a record figure according to the company, whose largest brands saw higher-than-expected growth.
German sportswear company Puma increased its 2021 sales outlook on Wednesday even as it cautioned that a coronavirus lockdown in Vietnam, port congestion and container shortages were hurting its supply chain.
THG can’t seem to catch a break. After it reported strong figures in its latest update, its share price continued to plummet, down from over £3 each at the previous day’s close to less than £2.40 each in early trading.
SMCP has had to deal with plenty of background ‘noise’ of late as issues around its parent company persist. But it’s remained laser-focused on driving sales back to more normal levels and saw some success in Q3.
Planning ahead to secure its Q3 supply chain has been a good move for value retailer Studio Retail Group’s stock position. Especially as 40% of its sales occur in the critical Black Friday and Christmas quarter.
Improving the customer experience is paramount for retailers, and Very Group’s signature online platform has made a major leap in that area. It's moved to a stockless fulfilment model for the Adidas and Reebok brands.
Aeffe, the listed Italian luxury company, said on Tuesday that it has reached an agreement with Sinv to take over the licence for the production and distribution of Love Moschino womenswear collections.
Gieves & Hawkes, the bespoke tailoring business, could be a step nearer to closing down as the problems facing its parent company continue to weigh on its operations and a crunch creditor vote looms next week.
Under-pressure THG issued a Q3 trading statement on Tuesday and said that revenue continues to soar. Group revenue rose 38% year-on-year to £507.8 million and 93.8% on a two-year, constancy-currency basis.