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).
The news doesn't get any better for Esprit with the fashion giant saying that its fiscal first quarter was tough. And the warm summer weather continuing into early autumn seems to have been partly to blame.
“My father was in charge of manufacturing for 45 years here and never ever wanted anyone in our factory,” chuckled Nadja Swarovski after opening the doors of the family's famed crystal-making plant in the Austrian Alps.
UK retail may be under a dark cloud at the moment, but new retail developments have come thick and fast this year and the latest is the opening of Coal Drops Yard at King's Cross with a quirky mix of stores.
Balenciaga has been accused of having copied the design of the famous "Little Tree" car air freshener in its new keyring collection. New York-based company the Car-Freshner Corporation has reportedly filed a complaint.
As the massive headwinds that the UK Department store sector is battling continue, we're seeing plenty of change taking place and one big change was confirmed on Thursday with a management buyout at Beales.
British fashion and lifestyle chain Oliver Bonas spent 2017 opening new stores, relocating existing locations and expanding its infrastructure, and despite all this, it managed to increase EBITDA by 7.6%.
U.S. holiday shoppers are set to spend an average of $1,007.24 this year, a 4.1 percent increase from last year's $967.13 according to the National Retail Federation and Prosper Insights & Analytics' annual survey.
Debenhams reported its biggest-ever loss on Thursday and confirmed a plan to close 50 stores as well as saying the beauty market has dipped in recent months. But it’s remaining upbeat and thinks it’s on the right track.
John Lewis has released its annual report on what Britons have shopped in the last year and it shows a country opting for brighter, bolder colours, embracing leopard, jumpsuits, Love Island and vegan beauty products.