Italy's Salvatore Ferragamo said on Wednesday that 2017 preliminary revenues fell 3.1 percent, dragged by the group's sales in the last three months of the year, as it struggles with its ambitious new strategy.
Joules continued its progress in H1 with surging sales and profits as womenswear did well and international markets grew. Any company that can grow its sales fast but its profits even faster is doing well at the moment.
Q4 was a challenging time for H&M as its core chain resorted to major markdowns. But the firm is upbeat, seeing plenty of growth potential through new brands, new markets and both the store and digital channels.