With news of so many store closures, it’s encouraging to hear of a major opening with US shoe and lifestyle brand Skechers having opened a flagship store on a key Paris shopping street, Rue de Rivoli.
German online fashion retailer Zalando on Tuesday reported a more than doubling of sales on its site from brands seeking to expand their e-commerce presence, helping total second-quarter revenue jump 27%.
Richemont’s Montblanc brand and the luxury giant’s Yoox Net-A-Porter e-tail specialist have announced a new partnership. Montblanc will now use YNAP “to power the next iteration of its successful e-commerce platform”.
German sports giant Adidas said on Thursday it expects to bounce back to profitability in the third quarter after it plunged to a big loss in the second quarter when most of its stores were closed due to lockdowns.
Retail sales volumes in the eurozone rebounded in June to levels seen in February before lockdowns, official estimates showed on Wednesday, completing a recovery that began in May after record drops in March and April.
Chico’s FAS Canada, a subsidiary of US women's clothing and accessories retailer Chico’s FAS, has filed for bankruptcy in Ontario, saying it plans to permanently close all 10 of its stores in the country.
Spanish fashion retail giant Mango said that sales in some main European markets are recovering fast and are “very close to the sales levels in the first semester of 2019," which was a year of record sales.
Australia's second-biggest city Melbourne already under night curfew announced fresh restrictions on industries on Monday, including retail, as it steps up desperate efforts to contain the spread of coronavirus.
Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.
UK malls giant Hammerson on Monday confirmed press peculation that it’s in “advanced discussions on the terms of a possible disposal of its 50% interest in VIA Outlets to its joint venture partner APG”.