The sportswear retailer reported a 27% increase in Q3 sales on Friday and saw significant progress in its bottom line, beating analysts’ predictions as its recently acquired City Gear business continues to boost growth.
Outlet malls are continuing to show their resilience across Europe as consumers flock to them and they attract top quality tenants. And London Designer Outlet has announced that Puma will open a 2,365 sq ft store there.
As retailers with giant store estates focus more and more on mega-sized stores that can offer their full line-up plus extras, Fast Retailing’s Uniqlo has said that it will unveil its biggest Japanese store next spring.
Retail billionaire Mike Ashley, the founder of Sports Direct, has demanded new rent deals are tied to sales across his store empire that now includes HoF and Jack Wills as well as Sports Direct and Flannels.