Singapore-based specialist in the digitisation of retail brands, Trax has announced that it has raised funds totalling €539 million ($640 million) which it will use to develop its services for retailers.
Next is on the next phase of its bid to become the complete lifestyle retailer. The UK fashion and homewares giant has announced a tie-up that sees DIY chain Homebase adding mini garden centres to its stores.
Hammerson is selling its UK retail parks to Canadian private equity firm Brookfield for around £350 million, according to one report. However, on Monday, Hammerson said any deal is far from being sealed.
April 12 sees the opening of McArthurGlen’s latest outlet centre with the debut of the £160m Designer Outlet West Midlands. The company said it’s the only standalone shopping centre to open in the UK this year.
Debenhams hasn’t disappeared from the high streets quite yet. Many of the almost-100 department stores still in existence will reopen for up to 33 days from 12 April, offering deep discounts to clear stock.
Pent-up demand to shop in a real store is simmering nicely and provides optimism for a bounceback from 12 April’s reopening. That’s the less-than-surprising view from the Springboard Footfall Monitor, released Thursday.
Joules has ended its search for a new chief financial officer, appointing Caroline York to the post. She joins the family lifestyle retailer no later than September from price comparison business Moneysupermarket Group.
The H&M Home x Diane von Furstenberg collection launches next week featuring the “bold prints that von Furstenberg is renowned for, such as zebra and leopard, a kissable lip pattern and abstract signature lettering”.