Macy's is set to create 400 jobs in the Midwestern city with the opening of a new distribution center for its “on-mall, off-price concept” Macy’s Backstage, for which the company has significant expansion plans in 2018.
Sainsbury's has announced that it will buy Asda with the latter's owner Walmart taking a big stake in the combined firm. And both chains will continue, which means the Tu Clothing and George lines will carry on too.
China's Fosun International Ltd on Saturday launched its Atlantis Sanya luxury resort in a $1.74 billion bet that the sail-shaped development will become an icon in Hainan and a beacon to tourists domestic and abroad.
As part of the Hyères Festival, the company held a conference about the concept store it plans to open on the Champs-Elysées in 2019, with project chiefs, Nadia Dhouib and Clara Cornet, dubbing it a "glocal store".
Heritage footwear brand K-Swiss has created the first sneaker line designed for use by an e-sports professional gaming team. The debut gaming sneakers are offered in 2 models, one for performance and one for lifestyle.
Are UK consumers feeling any better about spending – on fashion or anything else – at the moment? It would appear not, with the latest consumer confidence survey from GfK showing sentiment dropping once again in April.