Steinhoff’s African subsidiary surged nearly 10 percent on its market debut on Wednesday, as investors looked past its parent company’s legal wrangles in Europe and piled into the continent’s retail powerhouse.
Originally started as an online boutique, the Netherlands’ La Dress is now opening its fifth physical location. A 40 m2 store will open in Rotterdam on 23 September, and a further European expansion is in the wings.
A historic department store site is set to host retail shops once again with the former Lewis’s in Liverpool to be redeveloped as part of a new plan to create shops, leisure facilities and homes on Ranelagh street.
Department store operator Kohl’s Corp said it would accept returns of select items bought from Amazon.com Inc at some of its stores in Los Angeles and Chicago, expanding its partnership with the ecommerce giant.