Joe Browns goes from strength to strength and on Thursday reported an impressive 25% rise in sales for the first two months of its new fiscal year, while also expanding its team and planning to expand warehouse space.
Warm September weather could make a big dent in fashion retail turnover the BRC has said, based on Met Office data. While sales will be recovered later, the early slump could mean more markdowns and slower cash flow.
Apple Inc has acquired a startup focused on making lenses for augmented reality glasses, a signal the firm has ambitions to make a wearable device that would superimpose digital information on the real world.
Apparel maker PVH Corp reported a 38 percent rise in second-quarter profit on Wednesday and raised its earnings forecasts for the year, helped by higher sales of its Calvin Klein and Tommy Hilfiger brands.
Paytm Mall, the e-commerce venture backed by China's Alibaba Group , is looking to deepen ties with regional retailers as well as partner with top online grocer BigBasket to compete with Flipkart and Amazon.
American Eagle Outfitters Inc forecast third-quarter profit below expectations on Wednesday, as the retailer spends more on wages and advertising to support the expansion of its popular Aerie line of lingerie.