There are fears that the biggest hit from the Debenhams CVA if it’s approved this week will be suffered by smaller landlords with the 166 stores the retailer operates shared between 70 different property owners.
Pandora will lay off another 1,200 workers in Thailand and speed up marketing spending as its new CEO looks to turn around the struggling jewellery maker after another fall in like-for-like quarterly sales.
London-listed Koovs, the fast fashion e-tailer that targets the Indian youth market, had good news Tuesday as it updated on its trading performance in the year to March 31 and also shared details on extra funding.
Massmart Chief Executive Guy Hayward will step down before the end of the year, the South African retailer said on Monday, ending five years at the helm of the supermarket group as it plans to expand further in Africa.
The running shoes and apparel brand has announced the opening of a new 400,000-square-foot distribution center in Whitestown, Indiana, that should help the company cut emissions and ensure faster delivery times.
The French luxury brand has reported a 1.4% downturn in revenue, notably due to a decline in French department store sales in the second half of the year, which it attributes to the ‘yellow vest’ demonstrations.