Business
JD Sports Q4 LFL sales improve, outlook remains 'challenging'
JD Sports annual sales were 10.5 billion pounds, up 3.6 percent on the previous year, including a negative 6.2 percent impact from disposals and a 1.4 percent benefit from the 53rd week. The company said in a statement that PBT for the year to January 2024 is expected to be in line with the revised guidance range of 915 million pounds to 935...
Business
Lands’ End Q4 and FY23 revenues decline
Lands’ End reported fourth quarter net revenue decreased 2.8 percent to 514.9 million dollars compared to the fourth quarter of fiscal 2022. For the fiscal year 2023, the company’s net revenue decreased 5.3 percent to 1.47 million dollars. Commenting on the results, Andrew McLean, the company’s CEO, stated: “We pursued our solutions-based...