Hema returns to profitability

Hema has become profitable again: after improved net losses in the past quarters, the Dutch chain has managed to become profitable again in the third quarter.

Huge third quarter loss for Hudson’s Bay

Canadian Hudson’s Bay suffered a huge loss in its third quarter of 2017. Its turnover also slumped compared to the year before.

JYSK published record results once more

Danish JYSK published a record 3.36 billion euro turnover in its 2016-2017 fiscal year. Backed by more than 2,500 stores worldwide, it achieved yet another record.

Benetton moves back to its roots

Luciano Benetton, founder of the Italian fashion chain, will take back control at the age of 82. He wants to return his company to its former glory: “The decay is unbearable”, he announced in the La Repubblica paper.

Rocket Internet reduces losses

German incubator Rocket Internet may not be out of the red yet, but it has significantly reduced its deficit, courtesy in part of meal delivery service Delivery Hero's IPO.

Tony’s Chocolonely aims to keep its growth pace going
  • Published in Food

Dutch chocolate brand Tony’s Chocolonely targets a 50 % growth over the next five years. To achieve that, it will turn its attention to foreign markets, where it still has room to grow. The brand is relatively unknown outside of the Netherlands.

Rémy Cointreau's expensive cognacs perform well in Asia
  • Published in Food

French liquor group Rémy Cointreau had an excellent third quarter. Its more expensive bottles of cognac were very popular, especially in China, Japan and Singapore.

Europe and Asia give Guess strong quarter

American fashion brand Guess’ third quarter turnover grew more than 3 %, mainly thanks to excellent sales in Asia and Europe. It did post a net profit loss however.

Urban Outfitters gets back on track in third quarter

Following several quarters of negative results, Urban Outfitters’ third quarter was one of growth. Total turnover grew 3.5 % and there was a 1 % like-for-like growth.

Lucas Bols drunk in love with Passoã
  • Published in Food

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

Henkel increases full-year turnover forecast

For the first time ever, Henkel will pass the fifteen billion euro turnover milestone for the first nine months of the year. The company will also increase its turnover and profit forecast on the back of these excellent performances.

Fashion chain Canada Goose opens first European store

Canadian fashion chain Canada Goose opened its first European store in London. The brand’s clothing has been in Europe for quite some time, but only at multi-brand stores up until now.

Desigual suffers turnover blow in first three quarters

Spanish fashion chain Desigual suffered a blow in the first three quarters of 2017, with turnover  down more than 10 %. It mainly struggled in Europe, a region where it generates almost all of its turnover.

Alibaba rival achieves 40 % turnover growth’s third quarter turnover grew 39.2 % compare to the year before. The Chinese company, partially owned by American Walmart, also became profitable this time around.

Sainsbury’s happy about first half of 2017
  • Published in Food

British supermarket chain Sainsbury’s is happy with its first six months’ result: turnover grew 17 % but its profit dropped 10 %. Subsidiary chain Argos generated most of the additional turnover.

Exceptional first six months for Richemont

Luxury firm Richemont says it had an exceptional first six months. Turnover grew 10 % but profit even shot up 80 % compared to the year before.

Strong third quarter for Adidas

Sports clothing manufacturer Adidas experienced a strong third quarter. Its growth was slower than in the previous quarter, but its operational profit exceeded analysts’ expectations.

Yoox Net-a-Porter grows but still failed to live up to expectations

Online retailer Yoox Net-a-Porter’s third quarter like-for-like turnover grew 17.7 % to 481.8 million euro, which is not entirely what analysts had expected. Its growth slowed down in the United States and China in particular.

Burberry reveals new strategy following successful six months

Burberry’s first six months were very successful: turnover grew 9 % and the operational profit even shot up 28 %. Nevertheless, its share was punished, because investors have reacted skeptically to CEO Marco Gobbetti’s new strategy announcement.

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