Frasers’ execs may have been talking about potential store closures in recent periods, but the firm is also planning openings and has announced its first regional store since the pandemic began at Leicester's Fosse Park.
Amazon.com Inc has started preparations to launch in Sweden, marking its first step to establish a local presence in a Nordic country.
Chico’s FAS Canada, a subsidiary of US women's clothing and accessories retailer Chico’s FAS, has filed for bankruptcy in Ontario, saying it plans to permanently close all 10 of its stores in the country.
Department stores chain John Lewis has announced that, “following a successful trial”, it’s rolling out a new “progressive supplier engagement programme” called Better Jobs to all of its 120 UK manufacturing suppliers.
Spanish fashion retail giant Mango said that sales in some main European markets are recovering fast and are “very close to the sales levels in the first semester of 2019," which was a year of record sales.
Australia's second-biggest city Melbourne already under night curfew announced fresh restrictions on industries on Monday, including retail, as it steps up desperate efforts to contain the spread of coronavirus.
Swiss airport retailer Dufry has announced its cash flow estimates in a still-uncertain world and is planning for potential full-year declines in turnover of 40%, 55% and 70%.
The John Lewis Partnership has said it must diversify beyond retail to survive the turmoil on the high street and plans to expand into financial services, gardening, housing and rental options.
Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.
UK malls giant Hammerson on Monday confirmed press peculation that it’s in “advanced discussions on the terms of a possible disposal of its 50% interest in VIA Outlets to its joint venture partner APG”.
US consumer spending increased for a second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in COVID-19 cases.
German retail sales dropped in June after a sharp rise in May when Germany eased restrictions imposed to stop the spread of the coronavirus, data showed on Friday.Retail sales fell by 1.
Burberry on Friday announced the opening of its long-awaited social retail store in China’s technology hub Shenzhen, “blending the physical and social worlds in a digitally immersive retail experience”.
We’ve become more used to retailers closing stores than opening them in recent periods, but on Thursday, M&S said that it has opened a brand-new store as part of its plan to create an estate “fit for the new world”.
PayPal reported an 86% jump in Q2 profit on Wednesday as the e-commerce payments processor benefited from the shift to online spending amid the coronavirus pandemic. Net income increased to $1.53 billion.
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