Two major pieces of news this week have underlined the challenges facing Australian retail as Amazon makes its official debut and the owner of Australian fashion chains Katies, Millers and Rivers is to close 300 stores.
Harrods is planning a major makeover of its London flagship with the work being the biggest in its history. It’s spending £200m on the store and its website to widen its already-strong appeal to global shoppers.
Amazon.com's Australian arm began an order-taking trial on Thursday, giving life to the hype which has preceded its launch in the world's No. 12 economy and weighed on the shares of the brick-and-mortar retail sector.
The consumer backdrop may be challenging but Mothercare said its transformation is progressing as it sharpens its product focus and makes the most of omnichannel opportunities. But it remains lossmaking.
Quiz Clothing could afford to feel at least a little smug this week as the fast fashion retailer turned in yet another set of stellar results reflecting “strong growth across all channels as the brand gains momentum”.
Is John Lewis’s fashion dip of recent weeks at an end? It could be, despite the weekly figures it issued Tuesday looking bad on the surface, fashion does seem to have staged a recovery on the back of cooler UK weather.
French shoppers plan on average to spend more on online sales this Christmas compared to a year ago, the country’s Commerce Federation (Fevad) said, marking the latest sign of a gradual improvement in the economy.