Results from H&M and Zara owner Inditex over the last two days have underlined what a mixed bag this year is for some of the biggest fashion retailers in the UK and Europe.
Sweden-based H&M reported a 4% decline in revenue in the three months to August 31, significantly higher than analyst expectations of 1.4%.
Like most retailers, the group said it was dealing with soaring inflation and a more pessimistic outlook on the broader economy.
Inditex however, which is behind brands such as Zara and Pull&Bear, went in the opposite direction as profits surged 41% in the six months to the end of July.
Revenue grew to €14.78bn (£12.8bn) from €11.9bn (£10.31bn), while net profit surged to €1.79bn (£1.55bn) for the Spanish multinational clothing company.
Inditex and H&M’s news, however, has done little in terms of reading across to Next and Boohoo, with share prices relatively steady.
Asos, on the other hand, is down 3% to 656p.
FTSE 100 giant Next provided one of the most upbeat trading statements this year amid the cost-of-living crisis.
The group increased its full-year profit guidance by £10mln to £860mln in its trading statement issued in August after second-quarter full-price sales grew ahead of previous guidance.
Boohoo didn't deliver any bad news, keeping full-year revenue guidance unchanged after its first quarter trading statement issued in June.
This was despite an 8% fall in sales, although it blames this on strong comparatives the year prior.
Asos however seemingly can’t stop delivering the bad news.
Last week, the group confirmed it expects its full-year profits to be at the bottom end of company guidance, issuing another profit warning ahead of its results, due to be released on 12 October.
Profit is now expected to be around £20mln.