Osaka, long Japan’s “second city,” is winning the race against Tokyo to draw foreign tourists, but after a boom, its retailers and property developers are adapting to shifting tourism spending patterns.
The Dallas, Texas-based department store operator reported a net loss of $29.0 million for the second quarter of 2019 on Tuesday, as the retailer pushes forward with efforts to turn its business around.
For the first time since its birth in 1907, Neiman Marcus will open a location in Manhattan on Friday, debuting a new range of exclusive digital and physical features at The Shops & Restaurants at Hudson Yards.
With the EU exit deal voted down by MPs, they must now vote on a no-deal Brexit or decide on alternatives, with business left in limbo and the luxury sector dreading the prospect of a multibillion pound loss of revenue.
Primark has launched its first jeans made entirely from sustainable cotton with a debut across the UK and Europe as the company responds to consumer demand and continues its work with farmers in India and Pakistan.
Phil Branston has joined independent marketplace Notonthehighstreet as its new chief financial officer. He will be in charge of leading and developing the e-tailer’s finance team with a focus on scaling operations.