Initial plans to open 20 Hudson’s Bay department stores in the Netherlands have been narrowed to 15. The retailer announced that it is currently focusing on stores that are in development and denies financial problems.
UK fashion brands and retailers have a major global opportunity with a new report suggesting that international shoppers would be prepared to pay over 20% more for British goods and almost 10% more for UK-made fashion.
UK and Spanish fashion retailers may be struggling but landlord Intu managed to report higher profits for 2017. Yet rental growth slowed in a tough market where store spaces are becoming less profitable for retailers.
The South African retailer posted a 15% fall in HY1 profit on Thursday hurt by a hefty write-down charge on the value of its David Jones business in Australia and tough trading conditions in its home market and Australia.
Shopping mall giant Westfield Corp ruled out trying to increase a $16 billion buyout from France’s Unibail-Rodamco SE after a decline in the European firm’s shares drove down the deal’s value, saying there was no Plan B.
The outdoor footwear brand reported its fourth quarter and full year 2017 results this Tuesday, announcing mid-single digit growth in its retail and wholesale sales in Q4, as well as reductions in its debt over the year.
Mallzee, a UK-based shopping app and retail analytics firm, has raised almost £2n in new funds and added a fashion retail expert to its top team as it boosts its focus on providing data insights for the fashion sector.
Italian entrepreneur Alessandro Bastagli set his sights on Shanghai Tang two decades ago and having finally bought the brand in 2017 from Richemont he aims to increase the group’s sales by 15-20 percent next year.