Steinhoff International-owned Greenlit Brands has sold its general merchandise division to Allegro Funds, as the South African retailer grapples with the fallout of an accounting scandal worth about $7 billion.
As retailers with giant store estates focus more and more on mega-sized stores that can offer their full line-up plus extras, Fast Retailing’s Uniqlo has said that it will unveil its biggest Japanese store next spring.
The Hong Kong-based apparel, footwear and brand management company announced on Thursday that it has made significant progress in reducing its net loss as it continues to push forward with aggressive restructuring.
Joules has followed the popular animation trail for its 2019 Christmas advertising but the lifestyle brand hasn't chosen to create a new animated character. Instead it has linked up with well-known duo, Wallace & Gromit.
The Italian fashion brand celebrated the eclecticism of "King Giorgio" in Milan on Thursday, unveiling its first haute joaillerie offering and an exhibition of accessories, as well as its Pre-Fall collection.
The UK's Office for National Statistics said October sales volumes and value fell by 0.1% month-on-month. But department stores reported growth while year-on-year sales rose 3.1% by volume and 3.3% by value.
John Lewis has unveiled its first-ever joint Christmas ad between its department stores chain and its supermarkets. The creative “tells the story of a little girl and her friendship with an excitable young dragon”.
Lawmakers pressed top U.S. antitrust enforcers on their probes of tech giants Google, Facebook and Amazon on Wednesday, with the chair of a House subcommittee expressing frustration over the firms' acquisitions.