Escada is to open a new flagship in London this month with the new store at 129 Sloane Street offering all its product collections. It will be the first creative statement from new design chief Niall Sloan.
Marimekko may be quite low-key when it delivers its earnings announcements but its high-profile prints are clearly making an impact on consumers, despite the tough market and a few difficult years for the business.
Saks Fifth Avenue owner Hudson’s Bay Co said on Wednesday it had received a bid for its German department store chain Kaufhof from Signa Holding, the Austrian property and retail group that owns Karstadt.
Australia’s biggest department store chain, Myer Holdings Ltd, cut its growth targets on Wednesday as it battles intensifying competition and a rebellion from its biggest shareholder, sending its shares sharply down.
Moody's Investors Service has reported US retail remains stable, despite lower operating income expectations. While certain retailers have been hit hard, they account for a small part of the overall US retail landscape.
John lewis once again reflected the overall shaky state of the UK retail market last week with the company on Tuesday saying that its sales fell 4% year-on-year to £98.7 million in the seven days to October 28.
Malls have spent a reported $8 billion on renovations to distance themselves from traditional retail outlets. Trends include renaming properties, and adding entertainment and residential features for secondary use.