Primark saw higher sales in the 16 weeks to January 5, but its comp sales dipped, so it’s clear that even the strongest retailers are facing challenging times, even though it won market share and protected margins.
Sterling Jewelers Inc has agreed to pay $11 million in fines to settle charges by U.S. and New York regulators that it signed up consumers for store credit cards and credit insurance without permission.
The brand’s co-founder tells FashionNetwork.com about the evolution of its strategy, marked by fewer store openings, investment in digital, stock management and its new design team after returning to family ownership.
Sears chairman Eddie Lampert prevailed in a bankruptcy auction for the chain with an improved takeover bid of roughly $5.2 billion, allowing the retailer to keep its doors open, sources said Wednesday.
Mamas & Papas continued to struggle in its latest year as it reported another loss, although there were some bright spots as its online sales continued to accelerate and now make up nearly a third of its total turnover.