Britain’s Debenhams, ASOS buck retail gloom

admin

Pedestrians walk past the Debenhams store on Oxford Street, in central LondonLONDON (Reuters) – British retailers Debenhams and ASOS laid out plans to deliver future growth overseas as their rising profits showed their resilience to weaker home market conditions. Both Debenhams, Britain's No. 2 department store group, and ASOS, the fast-growing online fashion retailer, have bucked the gloomy trend in the sector, dogged by weak consumer confidence. Shares in Debenhams, up 59 percent over the last year, rose 6 percent after it increased its target for online sales to 600 million pounds ($961.8 million) from 500 million through the next three to five years. …

Next Post

1960s music hero Riley: "The pendulum will swing"

ARLES, France (Reuters) – American composer Terry Riley, who penned the 1960s piece “In C” that earned him his reputation as “the father of minimalism” in music, thinks the pendulum will swing back to that magical time. “I don’t really look on it with nostalgia, I just wonder how we […]