Hong Kong has taken over from New York as the city with the most expensive street as far as retail rents are concerned but Paris and London rents are growing fastest for luxury labels, two new reports show.
China reported a mixed bag of economic data for October on Wednesday, but industrial output and investment grew faster than expected, suggesting a flurry of support measures may be starting to take hold.
House of Fraser boss Mike Ashley’s wish to keep open as many of the beleaguered department store chain’s branches as possible could come to nothing with reports that a raft of new closures are about to be announced.
Uniqlo may get the lion’s share of attention when it comes to Fast Retailing news, but the parent company’s GU chain is also doing interesting things and the brand is about to open a ‘next-generation’ store in Japan.
Footfall to physical retail stores remained sluggish in the UK ahead of the key festive shopping months, piling further pain onto the fashion sector after what has been a far-from-stellar AW18 season so far.