The first European Saks Off 5th is set to open June 8 in Dusseldorf. Chief Merchandise Officer for Europe, Berna Bartosch, talked with FashionNetwork about the US-based retailer’s store concept for the old continent.
Department stores are in a huge state of flux. Europeans are opening new flagships in distant lands, even as Americans close shop. Here in Paris, Bon Marché booms by attracting Parisians and deep-pocketed tourists .
The European Commission said it will open a formal investigation into clothing group Guess, saying it suspected the company of banning retailers from selling its products across the EU's national borders.
UK fashion and lifestyle retailer Joules has had a good year. A very good year. The company said Tuesday that its revenues in the 12 months to May 28 surged 19.6% to £157m as both retail and wholesale did well.
Australians have little cash for discretionary spending on items such as fashion and cosmetics, as their pay packets get consumed by large mortgages and high rental payments in the country's red-hot property market.
Model-turned-fashion entrepreneur Heidi Klum is linking up with budget supermarket chain Lidl to launch a new fashion collection later this year. Its most premium offer yet will debut in the UK, Europe and the US.
Sales and profit at Arcadia fell last year according to press reports, with the retail giant seeing the same squeeze as many peers. Reports also suggest it is seeking a new strategy to battle pureplay e-tailers.