Macy’s is closing its online store on Tmall, Alibaba's Chinese-language B2C e-commerce platform, marking the department store's exit from the country. The e-store will stop all operations on December 31.
The former CEO of M&S and Arcadia has issued a stark prediction for the health of the UK retail sector with Lord Rose saying in an ITV interview that Christmas trading is tough and he expects more failures next year.
The CEO of the Asian luxury distributor shares his vision of the region with FashionNetwork.com in a two-part interview. In part two, he discusses digital strategy and the short-sightedness of investment funds.
Whilst a plan to close 100 of its stores by 2022 is underway in the UK, the retailer has agreed terms to open its first high street store in Spain in a move that represents a change of strategy for the company.
The arrival of Inditex’s Bershka at the St David’s mall in Welsh capital Cardiff sees the mall extending its fashion offer but also Bershka targeting new consumers as it’s the brand's first location in the region.