New Look has admitted last year was very difficult as it revealed bleak trading results amid external and “self-inflicted” issues. However, it said its turnaround plan is on track to deliver stability for the new year.
Sears Holdings Corp said on Thursday it plans to shutter another 72 locations to stem losses in the face of deepening financial distress and reported a nearly 12 percent drop in quarterly comparable-store sales.
The royal wedding underlines the economic potential of a sector that needs to embrace digital technologies and look for new markets and formats to face a fragmented landscape where millennials will reign supreme.
After opening an Anita Dongre Grassroot store in New York’s Soho area last year, the Indian designer Anita Dongre has opened a multi-floor flagship store in West Broadway that also includes bridal wear and menswear.
Europe’s biggest online fashion retailer said the launch of beauty products in Germany had made a promising start and its active customer numbers jumped in the first quarter but a late start to spring hit profitability.
A minority shareholder of Britain’s House of Fraser, Sports Direct, is suing the department store chain to gain access to its business plan, after House of Fraser announced a major restructuring this week.