Muji has just opened its latest store outside of Japan, now beating the number of stores it has in its domestic market. It will focus on growing the number further as it targets SE Asia and plans its Vietnam launch.
Japan’s department stores saw higher sales in June, welcome news after sales fell in May, the sector’s industry body has said. An increase in April too suggests the sector might be on the recovery trail.
Michael Kors has reached a deal to buy its smaller luxury segment peer Jimmy Choo for almost £900 million, well above the £800 million that was expected. It plans fast expansion and a move into new fashion product areas.
As Kohl's continues to downsize—not close—many of its stores nationwide, the company will invest in tech-related functions in order to improve the customer experience and capitalize on shopper loyalty.
London's luxury shopping appeal was underlined Monday on news that a private jet firm has seen surging demand for London flights as even wealthy shoppers take advantage of post-Brexit vote luxury bargains.
Bravissimo is seeking a suitable store site on the US East Coast with plans to open in 2018. And it also wants to open more London/South UK stores, despite profits taking a hit from its expansion spend.