Retail sales dipped 2.2%, hit by the U.K., while underlying sales rose 1%.
Retail revenue climbed 1 percent on an underlying basis.
The brand’s ceo is thinking big, with plans to cement the British player in the luxury space.
Revenue in the six months to Sept. 30 was up 9% as new ceo Marco Gobbetti commits fully to luxury.
With Christopher Bailey soon exiting the British house, will ceo Marco Gobbetti stick to his word of experimenting to “create a new energy and positivity.”
Retail, luxury stocks were mostly up.
Retail, luxury stocks were uneven.
Retail and luxury stocks were also down.
Some think the pound could reach parity — or dip below — one euro by early next year.
The spotlight is on Gobbetti, who has taken the helm of a company in transition.
The first half saw a flurry of major and minor M&A activity, designer dramas — and disappointments.