Major London landlord Grosvenor will on Thursday officially open the North Mayfair Emporium on Duke Street, which it describes as “the first landlord-led concept store of fashion and lifestyle brands.”
UK clothing sales rose strongly online in October but an overall subdued environment meant growth is slowing and discounting is what's driving sales, according to the latest Capgemini IMRG e-Retail Sales Index.
Sosandar is continuing its sales climb with the company saying that its revenue soared over 400% in the latest half and that current trading is in line with expectations, its website seeing “record sales” in October.
A price jump in wool from Australia, the world's top exporter of high-quality fleeces, is rattling through the global clothing supply chain, with some mills passing along costs and retailers cutting down on wool.
Gap Inc reported quarterly same-store sales below analysts' expectations on Tuesday, as its namesake brand posted another weak performance and its more affordable Old Navy line of clothing also missed estimates.
DBG is conducting its first ever round of international crowdfunding via the U.K.-based platform Crowdcube, with a current total of over £1.3 million raised. The campaign will continue to run for the next 26 days.
Glamour, the fashion and beauty magazine popular with young women, is ditching its monthly print editions and embracing the online revolution, its chief editor and publishers Conde Nast announced Tuesday.
Kohl’s Corp shares slumped as much as 12 percent on Tuesday after the department store operator forecast full-year earnings largely below estimates, blaming rising shipping costs and higher holiday discounts.