Carrefour will open its first store in Uganda this year, expanding in the region after a successful launch in neighbouring Kenya, the Dubai-based operator of the French retailer’s outlets said on Tuesday.
American newcomers Bode and Phipps made their Paris runway debuts at the city's men's fashion week on Tuesday morning, with the former indulging in a trip to the circus, while the latter set its sights on the skies.
Activist shareholder Jonathan Litt lambasted a C$1.74 billion bid to take Hudson’s Bay private as “woefully inadequate”, saying the chairman-led shareholder group looking to push through a deal could double the offer.
African retailer Steinhoff on Tuesday reported a 1.2 billion euro (£1.07 billion) loss for the 2018 fiscal year, in a much-delayed earnings report revealing the impact of an accounting fraud put at $7.27 billion.
A letter organized by the AAFA, CFDA and the Accessories Council and co-authored by nearly 200 representatives from the fashion industry has been sent to President Trump, detailing opposition to the tariffs on China.
John Lewis Partnership sales fell slightly in the week up to June 15 dipping by 0.3% to £217m. The Waitrose chain underperformed, with its sales falling 2.8%, but the John Lewis department stores chain was stronger.
A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing and other consumer goods as the Trump administration prepares new tariffs.
H&M’s sales grew as expected in the three months to May 31, its second quarter, with an impressive 11%. In local currencies that was ‘only’ a 6% rise, but in the current retail environment, that’s a strong result.