With UK retailers currently issuing profit warnings at a rapid rate, it was encouraging to see one with good news on Monday. Shoe Zone issued an update saying trading in the year to September 29 was strong.
Eddie Lampert has stepped in to contribute towards a financing package of between $500 million and $600 million that the U.S. retailer was close to securing on Sunday to fund operations during bankruptcy proceedings.
Walmart Inc said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks more inroads into online fashion.
Amazon could face a threat other than just EU antitrust scrutiny after a key EU lawmaker announced proposals aimed at curbing online marketplaces' use of merchants' data to boost sales of own brand products.
Following predictions from industry observers indicating Chinese company Icicle as the favourite to take over Carven, the French brand has confirmed that the premium fashion group is indeed the new owner of the house.