Is Gerry Weber about to turn a corner? The company that has been struggling with weak results saw core nine-month sales dropping just 2.9% it said Thursday, which isn’t bad in the context of earlier results.
Australia’s biggest department store operator Myer Holdings Ltd on Thursday posted its lowest annual profit since listing amid an unstoppable wave of competition, and warned it was continuing to trade below expectations.
“A solid performance in a difficult market”. That’s what John Lewis said of the latest results from the firm. And we can't argue with that as sales growth was slow and profits down, even though Fashion was strong.
All eyes were on Next on Thursday as this bellwether firm for the UK retail sector turned in its interim results. And what did we get? More than a touch of gloom but also definite hope for the future added to the mix.
Cartier-maker Richemont said its sales rose by a better-than-expected 12 percent at constant currency in the five months to Aug. 31, helped by easy comparables and a strong performance in its jewellery business.