Fast fashion slowing down?
US: Gap same-store sales down 14% in May
Same-store sales at Gap Inc tumbled 14% in May as shoppers shunned its Gap, Banana Republic and Old Navy stores.…
US: Gap Q1 profit rise of 40% outstrips expectations
Gap Inc’s first-quarter earnings increased 40% to US$249m, beating analyst expectations despite a downturn in sales at the clothing retail…
SWEDEN: H&M sales fall in April, but recover in May
Year-on-year sales at Hennes & Mauritz (H&M) fell 1% in April, with the company blaming colder weather for the worse than…
UK: Primark growth continues with 22% H1 profit hike
Primark cemented its position as the UK’s second biggest clothing retailer with a 22% surge in profits in the six…
SWEDEN: H&M monthly sales increase hits two-year low
Retailer H&M posted a sales increase of just 3% in March – the lowest monthly rise recorded by the company…