UK store portfolios could be cut by as much as 20% as the migration to online, Brexit uncertainty and increasing consumer caution continue to bite, according to a quarterly update from KPMG/Ipsos Retail Think Tank (RTT).
Seasalt Cornwall, the fashion brand that trades on a wholesome Cornish lifestyle, is one of the brands defying the downturn on UK high streets and has just filed an impressive set of results for its latest fiscal year.
Walmart said on Tuesday it will offer faster checkout at its stores and easier navigation with digital maps indicating exact locations of products, as it gears up to grab a larger share of shoppers this holiday season.
Luxury fashion brand Zimmermann has announced it will continue its retail expansion in the U.S. with the opening of two new California boutiques. Both the Pacific Palisades and San Francisco flagships opened this month.
Deutsche Post DHL is selling its supply chain and logistics business in Greater China to S.F. Holding 002352.SZ as the two companies enter a 10-year strategic partnership to foster growth in the region.