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John Lewis phenomenal H1 profit drop - What the analysts say
2018-09-13 16:33:00| Daily apparel & textile news and comment - from just-style.com
Newly re-branded John Lewis & Partners this morning (13 September) announced a near 99% drop in group earnings for the first half of the year on the back of costs related to new shop openings and higher IT costs, as it continues to shape itself for future growth. Despite the glum result, analysts have rejected the claim the result spells the end of brick-and-mortar retailers. Instead, the majority argue John Lewis has a real opportunity to create a streamlined multi-channel offering to cater to the way today's consumer now shops. Physical stores, they argue, are still an essential part of the comprehensive retail offering and complement other means of shopping.
John Lewis in 98.8% H1 profit tumble
2018-09-13 11:43:00| Daily apparel & textile news and comment - from just-style.com
A "strong" performance in womenswear led The John Lewis Partnership to a 1.2% sales increase in its fashion division for the first six months of the year but it was not enough to offset a near 99% drop in group earnings
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JD Sports H1 profit jump shows hope for UK retail
2018-09-11 13:12:00| Daily apparel & textile news and comment - from just-style.com
JD Sports Fashion Plc has announced a 19% jump in half-year pre-tax profits to GBP129.9m (US$169.2m), supported by like-for-like sales growth and development of its multichannel "premium" offer.
Footasylum shares plunge on profit warning
2018-09-03 09:27:26| BBC News | Business | UK Edition
"Athleisure" retailer says trading at its 66 stores in July and August has been "more challenging".
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Lululemon almost doubles Q2 profit
2018-08-31 10:38:00| Daily apparel & textile news and comment - from just-style.com
Canadian yogawear retailer Lululemon Athletica has hailed a "great" set of results for the second quarter, the first under new CEO Calvin McDonald, with highlights including a near doubling of net income in the period.
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