Next boss Lord Wolfson has urged the UK government to ensure that the country has a smooth and “orderly transition” as it leaves the EU or risk "years of economic decline" for the country as well as issues with staffing.
Apax Partners seems to be the frontrunner to buy fashion and GM e-tail giant Shop Direct, yet it’s still not a one-horse race with US private equity firm Hellman and Friedman also reported to have entered the fray.
The fashion and art worlds intersect frequently in Dallas, TX, the latest of which occurred when artist Jeff Koons personally appeared at the Neiman Marcus Dallas flagship to unveil replicas of his newest sculptures.
Macy's Inc margins could end the year as much as 80 basis points lower than in 2016, CFO Karen Hoguet warned on Tuesday in comments that sent shares of the department store chain sliding to five-year lows.
Department stores are in a huge state of flux. Europeans are opening new flagships in distant lands, even as Americans close shop. Here in Paris, Bon Marché booms by attracting Parisians and deep-pocketed tourists .