Sports Direct's biggest headache is integrating its House of Fraser buy, but its latest results show it forging ahead with developments at the rest of the business, although this is denting turnover at some chains.
Another day, another profit warning. This time it was budget fashion retailer Bonmarché Holdings serving up bad news with the firm saying its Black Friday trading figures were “extremely poor, particularly in stores”.
Sportswear maker Under Armour on Wednesday forecast 2019 revenue growth and profit below Wall Street estimates on expectations of flat sales in North America, triggering a 11 percent drop in its shares.
Indonesian e-commerce company Tokopedia said on Wednesday that it had secured $1.1 billion in its latest funding round led by Chinese e-commerce giant Alibaba Group Holding and Japan’s SoftBank Group Corp.
The Fort Wayne, Indiana-based handbag and luggage company announced declines in third-quarter sales on Wednesday but managed to swing a solid boost in earnings, which nonetheless came in under analysts’ estimates.