Amazon.com Inc is in talks to create a checking-account-like product with big banks, the Wall Street Journal reported, in an attempt to create a product to attract younger consumers, mainly those without bank accounts.
Poundland is speeding up its in-store Pep&Co openings as it targets significant fashion market share in the UK. The company will open 91 corners in its stores by June in a UK market where budget fashion is surging.
Gift cards and vouchers remain hugely popular in the UK market with 73% of consumers buying them as presents, says a Royal Mail survey that underline the importance of easy-to-buy gift cards for fashion retailers.
Following more than a century in business, the historic LA-based menswear retailer is closing its last remaining locations, announcing liquidation sales in the stores, which are spread across eight states.
UK family favourite fashion and lifestyle retailer Boden is continuing its move into the US with its womenswear collection having just debuted in 20 select Nordstrom doors and on the retail giant’s website.
The rumours around New Look have been swirling for some time. But now it looks like the troubled fashion retailer is seeking a company voluntary arrangement to tackle its £1.2bn debt, which means closures are likely.
Kohl’s shares fell more than 6% on Thursday after the retailer forecast 1Q earnings below Wall Street’s expectations, partly due to higher costs, taking the shine off strong sales for the holiday shopping period.