Inditex sales inch up with global expansionSubscription
Zara owner Inditex has reported a 3% rise in net profit to €1.4bn (£1.25bn) and a 3% rise in net sales to €12bn (£10.7bn) for the half year to 31 July.
Canadian retail group Hudson’s Bay Company (HBC) has entered an agreement to merge HBC Europe, which trades as Galeria Kaufhof, with Austrian Signa Retail Holdings, which owns the Karstadt department stores.
Temperley London appoints new CEOSubscription
Temperley London has appointed Sally Hughes as chief executive, with immediate effect.
Bira launches business rates manifestoSubscription
The British Independent Retailers Association (Bira) has launched a business rates manifesto, in an attempt to shift the government’s approach to the tax.
Goodwin Smith owner buys Bells Shoes websiteSubscription
Redfoot Shoes, owner of men’s footwear brand Goodwin Smith, has acquired the website, stock, and intellectual property of independent footwear business Bells Shoes.
The chief financial officer of JD Sports Fashion Group, Brian Small, has said the retailer is unfazed by the tough UK trading climate and the struggles affecting Debenhams and House of Fraser.
The Cambridge Satchel Company appoints new COOSubscription
Supremebeing co-founder David Newman has become chief operating officer at bag brand The Cambridge Satchel Company.
‘Record half’ for JD SportsSubscription
JD Sports Fashion had another record half year for the 26 weeks to 4 August as group EBITDA jumped 26% year on year to £171.8m.
Retail veteran Bill Grimsey has told a group of cross-party MPs that the “tipping point has arrived” in an evidence session as part of a government inquiry into the future of high streets and town centres.
Another senior departure at Cath KidstonSubscription
The chief financial officer for Cath Kidston, Neil Harrington, has left the lifestyle retailer, Drapers can reveal.