Last week, UK department stores went on the endangered list. This week, it’s the turn of the mid-priced men’s suit market. Marks & Spencer has revealed it no longer sells men's suits at over half of its 254 big stores.
Japan's retail sales rose for a fifth straight month in July, beating expectations as the consumer sector continued its recovery, although a coronavirus resurgence has cast doubts over the spending outlook.
UK department stores have become an endangered species. The country has lost 83% of its main department stores since the collapse of the BHS chain in 2016, reflecting how hard the high street has been hit.
In a major move to make shopping easier, a new £100 spending limit for contactless payments in Britain will start on October 15, after the go-ahead was given by the Treasury and the Financial Conduct Authority Friday.
Danish shoe gaint Ecco has launched a new sneaker concept with the debut of Ecco Athletic Leisure Club. It’s about a mix of performance and comfort and comes with interesting activations to bring the concept to life
After handing over the running of 22 regional stores to real estate company FIB in 2018, the French department store group has announced a new franchising project for another 11 branches, to be finalised in early 2022.
Another successful signing for Shaftesbury. Hot on the heels of adding more retailers to its Seven Dials development, the property giant will now add Mallet London to its Carnaby Street roster next month.