Shareholders of struggling Australian retailer Myer voted down executive pay proposals on Friday, in a revolt led by billionaire investor Solomon Lew pressuring the board to start delivering on its turnaround strategy.
UK households are their least confident since immediately after last year’s Brexit vote, partly because of this month’s interest rate hike and more signs of a slowdown in the housing market, a survey showed on Friday.
Shoppers splurged more than $1.52 billion online by Thanksgiving evening, up 16.8% over last year, and more bargain hunters turned up at stores this year as retailers opened their doors early on the eve of Black Friday.
In partnership Warner Bros, the French retailer plans to stock in December a new collection inspired by the world, and wizardry, of Harry Potter. The line will be comprised of both fashion and home items.
The Japanese label is readying its first European store for a December opening in Paris. Bape (aka A Bathing Ape) will move into a space on 34 rue de la Verrerie, next to the BHV Homme department store.