The gradual retreat of retailers from physical spaces is continuing with the latest slate of store closures coming from Jack Wills, which is now owned by Frasers Group. One central London store is on the closure list.
British consumers failed to increase their spending in December for a record fifth month in a row, adding to signs of a weakening economy that might prompt the Bank of England to cut interest rates this month.
Pandora is hiring about 80 software engineers, designers and analysts to form a new data-driven unit at its Copenhagen HQ. The new team will be tasked with improving customer experience and perfecting personalisation.
The full line-up of Christmas trading statements may not yet have been released, but plenty have already come out and it’s clear that Black Friday’s success could have dealt a crushing blow to Christmas trading overall.
This fall will see Versace open new doors in two of the fashion world’s most important cities, as it unveils a powerful new vision for the future in collaboration with renowned architect Gwenael Nicolas.
Net-A-Porter has teamed up with Netflix to help choose the winner of the new ‘Next in Fashion’ competition. The winner will receive the opportunity to debut their collection at Net-A-Porter plus a $250,000 prize.
Boux Avenue has become the latest high-profile retail name to be talking to its landlords over possible rent cuts with reports that it’s in ‘urgent’ talks in the most challenging retail environment ever seen.