The fashion sector struggled last month and even cold weather and Black Friday failed to propel sales upwards with womenswear, menswear, footwear and department stores all sluggish or weak, Barclaycard said Tuesday.
Neiman Marcus Group Ltd, the luxury retailer facing a $2.8 billion loan coming due in two years, said on Friday it failed to reach an agreement with its noteholders and term lenders to restructure its debt.
The footwear company announced on Monday that it has entered into an agreement with Blackstone Capital Partners to buy back 50% of the investment firm’s preferred stake for $183.7 million, or $26.64 per share.
The British government should levy a tax on retailers with online sales accounting for more than 20 percent of revenue to save traditional shopping districts, the boss of Sports Direct told lawmakers on Monday.
A selection of Italian manufacturers which supply fabrics and other items to luxury brands such as Prada and Louis Vuitton are coming to the next edition of Pure Origin in February as part of a new ‘Country Focus’.
JD Sports is continuing its growth abroad and is ramping up its Australian operations with a plan to double its store numbers on the back of shoppers showing an "unbelievable" appetite for its products.