Primark's trading update has revealed more upbeat news with the chain “good in all markets and ahead of expectation”. Total sales and like-for-likes rose in double digits and city centre footfall recovered.
Procter & Gamble Co raised its full-year sales forecast on Thursday and said it plans to continue raising prices despite a drop in sales volumes, warning that high commodity costs were pressuring profits.
Boohoo’s closely-watched trading statement has revealed figures in line with weak expectations. Revenue may have been up sharply compared to pre-Covid, but it was down globally against a year ago for the festive season.
Almost four years after the acquisition of Fred Segal by entrepreneur Jeff Lotman, founder of Global Icons, FashionnNetwork.com talks to the executive about the major challenges of 2023 and the brand's expansion.