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Primark confirmes 2.7 percent like-for-like sales decline in Christmas quarter

Associated British Foods (ABF) today released its finalized revenue report for the 16-week period ending January 3, 2026, confirming that its retail powerhouse, Primark, performed in alignment with the cautionary estimates issued on January 8, 2026. Like-for-like sales at Primark clothing business fell 2.7 percent during the Christmas quarter....

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Asda to outsource George distribution, 1,200 jobs at risk

Supermarket giant Asda has said it plans to partially relocate and outsource the distribution of its George clothing brand, putting at risk around 1,200 jobs. The retailer has confirmed to multiple media outlets, including the BBC, that it plans to move the online operations of the label to DHL’s depot in Derby from January 2027. This would see...

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Canopy outlines details of 2 billion dollar investment blueprint for decarbonization in India

Solutions-driven environmental non-profit Canopy has outlined the finer details of its new 2 billion US dollar finance platform designed to speed up the growth of low-carbon materials and transform the paper, packaging, and textile supply chains. Said to be the first of its kind, the new initiative, announced at the World Economic Forum in Davos...

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Joanie announces closure due to “adverse trading conditions”

British clothing brand Joanie, known for its vintage-inspired apparel and footwear for women, has announced its closure on social media and has stopped taking online orders. In a statement, Joanie said: “We created Joanie over many years of hard work, and have been a proudly independent brand and business for over 9 years. We’ve enjoyed many...

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US President Donald Trump suspends Greenland tariffs

MADRID – Amid the volatile and unpredictable trade strategy defining the current U.S. administration, President Donald J. Trump has announced the suspension of the so-called “Greenland tariffs.” The decision was shared late Wednesday afternoon, following the President's address at the 2026 World Economic Forum in Davos. Utilizing his social...

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Kenneth Cole to launch across 30 countries as it eyes European expansion

US fashion house Kenneth Cole is plotting an expansion across 30 countries, positioning itself among regions where it sees opportunity for growth. With a focus on Europe, the expansion is expected to generate between 400 and 500 million dollars in sales by 2030. The brand confirmed the move to WWD, through which it announced that its first...

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LVMH sells its travel retail business (DFS) in China

LVMH announced on Monday the sale of its Duty Free Shops (DFS) business in China to CTG Duty-Free, a major travel retail operator headquartered in Beijing. “As part of this transaction, CTG Duty-Free will acquire the DFS stores located in Hong Kong and Macau, as well as intangible assets including a portfolio of DFS brands and intellectual...

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Next takes over Russell & Bromley brand in strategic deal

The future of the venerable British footwear retailer Russell & Bromley has been secured following a strategic acquisition by retail giant Next plc. Under the terms of the agreement, Next has acquired the Russell & Bromley brand name and associated intellectual property for a sum of 2.5 million pounds (3.35 million dollars), with an additional...

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Burberry reports positive Q3 driven by "Burberry Forward" strategy

Burberry Group has released its third-quarter trading update for the 13 weeks ended 27 December 2025, revealing a return to growth and steady progress under its "Burberry Forward" strategy. Chief Executive Officer Joshua Schulman reported that the luxury house achieved a sequential improvement in comparable sales growth and enhanced the quality...

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JD Sports maintains full-year profit expectations despite mixed Q4 performance

JD Sports Fashion has released its fourth quarter trading update, reporting a resilient performance during the critical peak trading period despite a volatile consumer environment. The Group achieved organic sales growth of 1.4 percent for the nine-week period ending 3 January 2026, while like-for-like (LFL) sales saw a slight decline of 1.8...

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World Footwear analysis: a divergent market heading into 2026

World Footwear’s latest Retail Flash report, published December 23 last year, paints a starkly contrasting picture of the global footwear landscape. While e-commerce growth and margin erosion are consistent global themes, their operational impacts vary radically by region. For decision-makers, the message is unequivocal: business models must...

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Business|Analysis

Paris Fashion Week: How to get on the FHCM calendar

Access options depend on a brand's relationship with the Fédération de la Haute Couture et de la Mode (FHCM). Member houses of the FHCM are automatically included in the show schedule. Selected guest houses, however, gain access to the FHCM's show and presentation calendar based on the decisions of the relevant committees. Guest brands must...