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.
Sponsorship accounts for a fifth of revenues for the International Olympic Committee (IOC), which protects that income by monitoring closely for any infringements, but guerrilla marketing tactics are taking off.
Dutch fashion retailers are showing better results after a number of hard years. Chains are benefitting from the Netherlands’ economic recovery and reaping the rewards of adapting to changing consumer behaviour.
E-commerce company Fanatics said that sales of a $300 Nike Team USA jacket have spiked following US’s Chloe Kim and Shaun White winning gold medals, making jackets its highest grossing Olympics category.
Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.