Page 5 - Andy Bond News Today

For all the latest fashion retail people moves bookmark this page Find your perfect fashion role at Drapers Jobs Click on the headlines below for more

For all the latest fashion retail people moves bookmark this page Find your perfect fashion role at Drapers Jobs Click on the headlines below for more

European discount retailer Pepco Group will slow down its aggressive store opening programme review its store refit programme.

Pepco Group, the European discount retailer that issued two profit warnings last month, will slow down its rapid store opening programme to focus on rebuilding profitability, it said on Wednesday. ...

Pepco Group has reported a 12.5% jump in its fourth-quarter revenue, to €1.44 billion, on a constant currency basis.

For all the latest fashion retail people moves bookmark this page Find your perfect fashion role at Drapers Jobs Click on the headlines below for more

For all the latest fashion retail people moves bookmark this page Find your perfect fashion role at Drapers Jobs Click on the headlines below for more

With fourth-quarter temperatures expected to start off warm, stores carrying winter styles could end up with excess inventory

Unseasonably warm autumn weather from the US to Europe is denting sales of heavy sweaters and coats as the critical holiday shopping period approaches, executives at major retailers including H&M said, and some shops are already slashing prices to avoid piles of unsold inventory.

Pepco Group has further downgraded its forecast for 2023, estimating that underlying EBITDA for the period will be about €750 million.