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Retail industry updates
Germany’s Otto Group announces Klauke’s departure by April 2025
Executive Board member Sebastian Klauke will leave the retail and services group at his own request…
US retailer Burlington Stores’ sales soar 11% in Q1 FY24
Burlington Stores, a leading US-based off-price retailer of branded apparel, footwear, accessories, and merchandise, has reported…
American retailer Genesco posts net sales of $458 mn in Q1 FY25
US-based footwear and accessories retailer Genesco Inc has reported a net sales figure of $458 million…
Germany’s Otto Group’s revenue drops by 6% in 2023-24
In the financial year 2023-24, the Otto Group’s total revenue fell by 6 per cent to €15…
Primark expands into 17th market with budapest store opening
Primark, the international fashion retailer, has opened its first store in Hungary, located in Arena Mall,…
US’ Abercrombie & Fitch’s net sales surge 22% to $1 bn in Q1 FY24
Abercrombie & Fitch Co, a renowned American lifestyle retailer, has reported net sales of $1 billion…
US retailer Ross Stores posts net earnings of $488 mn in Q1
American retailer Ross Stores has reported earnings per share for the 13 weeks ended May 4,…
US’ Cato Corporation’ sales at $175.3 mn for Q1 FY24
The Cato Corporation has sales of $175.3 million for the first quarter of fiscal 2024 (Q1…
American firm Shoe Carnival’s sales surge 6.8% in Q1 FY24
Shoe Carnival, a leading US-based retailer of footwear, has reported net sales of $300.4 million in…