Irish retailers were hit by the biggest drop in sales in nearly a year in December after an unprecedented austerity budget put a dampener on the traditional Christmas splurge and signalled further pain ahead.
Forever 21 has announced its plans for expansion in France. A retail property advisor in Europe, Harper Dennis Hobbs, confirmed that the brand has been authorised to open stores on rue de Rivoli in Paris and at a shopping centre in Vélizy.
Capital Shopping Centres (CSC), the UK's largest mall owner, said its shareholders had approved a deal to buy the Trafford Centre in Manchester and give Trafford's owner a nearly one-quarter stake in return.
Hennes & Mauritz, the world's No.3 fashion retailer, posted a surprise fall in quarterly profit on Thursday, squeezed between higher costs of raw materials like cotton and price cuts to stay competitive.
Antwerp (Belgium) now has its own fashion trade show. Named Gallery 2020, the event will showcase more than 200 fashion and lifestyle brands over the course of 2 days (February 6th to 7th) at the ‘Antwerp Expo’ exhibition centre.
Investors focused on Amazon.com Inc's 2010 holiday results later this week may be blinded by eye-popping revenue gains, but an improvement in 2011 profit margins are the hoped-for wild card that could boost the shares further.