Struggling Debenhams faces a fresh challenge with credit insurers tightening up the terms for its suppliers, suggesting a lack of confidence in its turnaround. But the company has denied it’s facing a cash crunch.
As one report shows June footfall to stores continued to drop, another regular report shows actual spending in physical stores rose. Not only that, the rise beat e-commerce spending for the second consecutive month.
A key monthly UK retail report for June seems to show that British shoppers are still turning away from physical stores and that a slight recovery seen in June in year ago was just a flash in the pan.
More details of John Lewis's new strategy have emerged following the announcement last week of a brand-new giant fashion line from the retailer with news that it will link with Kurt Geiger for a deep dive into footwear.
Selfridges has linked up with eyewear start-up Wires Glasses, the company co-founded by model Lily Cole, to launch a pop-up that opens on Sunday in the retailer’s personalisation area on its lower-ground floor.
Fast Retailing announced an important expansion of an existing deal on Friday, a deal that has the potential to make it a big name in “on-demand mass manufacturing” as well as boosting its use of hi-tech textiles.
Middle East online retail upstart noon.com said Thursday it was expanding into China, seeking partners in the country's flourishing e-commerce industry to help it compete with Amazon in its home markets.
Nike has launched its newest omnichannel concept Nike Live, bringing together digital and brick-and-mortar retail in a 4,500-square-foot cross-category store called Nike by Melrose, on Melrose in the heart of West LA.