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Tag: GlobalData

Retail Asia01/07/2019
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Fashion

Ted Baker reaches balancing point

3min0
Shares in UK-headquartered Ted Baker slumped 25 per cent as the latest financial results show the fashion label may be losing its mojo. After years of strong growth, the previously infallible Ted Baker says retail revenue fell by 1.1 per cent on a reported basis, and by 2.9 per cent at constant currency during the […]
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Retail Asia08/03/2019
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Fashion

Abercrombie & Fitch sales continue to climb

4min0
Abercrombie & Fitch sales rose for the second consecutive year as its restructure and new store format begins to pay off. Comparable sales rose by 3 per cent in the year to February 2, to US$3.6 billion and operating income, after excluding extraordinary items, was $138.6 million compared to $100.8 million last year. However fourth-quarter […]
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Retail Asia29/01/2019
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General

China will flood US with its product

3min0
Turnover in the Chinese retail industry will eclipse that of the US later this year, according to analyses. “Nothing is going to stop them,” said one commentator as new data emerged showing a fast-narrowing gap between the two markets. The fact China would overtake the US was never in doubt – China’s population of 1.4 […]
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Retail Asia07/09/2018
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E-Tailing

Amazon joins Apple in trillionaire’s club

3min0
Amazon briefly became the second US company to join the trillionaires club overnight. Like Apple just one month ago, Amazon’s market capitalisation has exceeded US$1 trillion. Neil Saunders, MD of GlobalData Retail, described the achieved as “extraordinary” after just 24 years in business. “That Amazon has achieved this demonstrates its dramatic advancement in both the […]
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Retail Asia08/02/2018
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Fashion

Tapestry takes back Kate Spade China business

6min0
Tapestry, the fashion retailer formerly known as Coach, has taken back operational control of its Kate Spade China joint ventures in Hong Kong, Macau, Taiwan and the mainland. CEO Victor Luis described the move as “an important business development initiative” and part of a plan by the group to assume greater direct control over its […]
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Retail Asia06/02/2018
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E-Tailing

Amazon posts largest profit in its history on sales

5min0
Amazon’s quarterly profit reached a record US$1.86 billion in the three months to December 31, fuelled by millions of new customers to its Prime fast-shipping club. There was also a provisional $789 million boost to its bottom line from the US government’s tax bill which was passed in December. “This was another blow-out quarter for […]
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Retail Asia11/01/2018
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General

Target’s holiday sales are stronger than expected

3min0
US discount department store chain Target has raised its quarterly profit and sales forecasts, after a better than expected festive trading period. Comparable sales growth of 3.4 percent in the November/December period was driven by strong traffic growth and continued strength in digital sales, which are expected to grow more than 25 percent in 2017. […]
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Retail Asia08/12/2017
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Fashion

Lululemon sales skyrocket sales

3min0
Canadian activewear retailer and manufacturer Lululemon has posted a 14 per cent uplift in total sales in the third quarter; same-store sales rose 8 per cent. Kevin Wathey, a consultant with GlobalData Retail, says that while other players in the sports and athleisure market struggle, Lululemon sales continue to go from strength to strength. While […]
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Retail Asia21/11/2017
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Fashion

Abercrombie opens eyes after a long sleep

6min0
After an extended run of decline, Abercrombie & Fitch is finally back with a market-beating 4.5 per cent uplift in total sales. Although the result comes off the back of a weak prior year comparable, it nevertheless provides comfort that the group’s strategies are starting to bear fruit. As good as the headline figure is, […]
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Retail Asia20/11/2017
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Fashion

Gap results to be saved by Old Navy

5min0
At headline level, the latest Gap Inc results are not too bad. Overall revenue rose by 1.1 per cent, a respectable increase that is some way above that posted over the last two quarters. Net income also increased by 12.3 per cent compared to the previous year. Unfortunately, behind the headline, it is the same […]
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Retail Asia09/11/2017
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Fashion

Rise in sales for Ralph Lauren Asia

5min0
Ralph Lauren Asia sales rose marginally in the second quarter as the company continued with its turnaround strategy. Group-wide global sales, however, fell 9 per cent to US$1.7 billion, as the troubled brand pursued initiatives aimed at increasing the quality of sales, reduced promotional activity and improved distribution. North American revenue fell 16 per cent […]
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Retail Asia27/03/2017
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Fashion

Next faces a downturn

2min0
Next profits have fallen for the first time in nearly a decade. The UK high street fashion retailer said pre-tax profits fell 3.8 per cent to  £790.2 million last fiscal year. Emily Stella, a senior retail analyst with GlobalData, says the company has faced numerous challenges over the last year: erratic weather, rising import costs […]
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Retail Asia27/03/2017
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Fashion

Ted Baker stronger on America and China

3min0
New stores in North America and China have paid off for British fashion retailer Ted Baker, which has reported a 4.4 per cent increase in pre-tax profit, despite the challenging global retail environment. It achieved a profit of £63 million for the year to January 28, as total revenues rose 16.4 per cent to £531 […]
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Retail Asia21/03/2017
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Fashion

China drives Tiffany Asia sales growth

8min0
Tiffany Asia sales rose 9 per cent on the back of new store openings in 2016, with a solid fourth quarter balancing out a difficult year. In the Asia-Pacific region, total sales of US$1 billion in the full year were approximately equal to the prior year and total sales of $284 million in the fourth […]
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