Budget footwear retailer Shoe Zone's preliminary results have painted a weak picture for the year to October 5, but there were signs of hope for the future as store upgrades continued and seemed to be paying off.
The Nashville, Texas-based footwear and accessories retailer announced on Friday that it has closed its purchase of NYC’s Togast LLC and also entered into a new license agreement with classic denim brand Levi’s.
Fred Perry, which is opening stores in key location at present, made pre-tax profit of £28.3m in the 12 months to the end of March, a healthy year-on-year rise after it had made £21.3m in the previous period.
Next may have seen full-price sales falling in its physical shops in recent months, but its online strength carried it through and its sales are ahead for the year to date, for Q4 and for the Christmas period.
Yoox Net-A-Porter has named Fiona Firth managing director of its luxury menswear e-tailer Mr Porter. Firth hasn’t been brought in from outside but has been buying director at the operation since April 2016.
The iconic Brazilian flip-flop brand has entered into a two-year global sponsorship deal with the World Surf League, with plans to activate at six of the organization’s official stages over the next year.