The owner of the Ikea furniture brand expects sales to grow this fiscal year as online trade expands, but profits will be tempered by increased investment as the brand battles web specialists like Amazon and Made.
A new study from NRF has revealed that U.S. consumers intend to spend an average of $1,048 this holiday season, up 4% from last year, with most shoppers planning to split their spend over a range of different channels.
As retailers continue to dive deep into the so-called golden quarter, their customers around the world are looking to them for inspiration with as many as 47% of shoppers globally needing some help deciding what to buy.
Last week’s Brexit deal and the pulling of Saturday’s Parliamentary vote have left the UK retail sector back where it has been for the last three+ years, facing an uncertain future as consumers shun unnecessary spending.
John Lewis is seeking landlord discounts as it works to cut costs from the business in a tough retail environment and is reportedly prepared to withhold 20% of the service charge due to landlords in the current quarter.
The brand general manager of Parfums Christian Dior is succeeding Laurent Boillot as head of Guerlain at the beginning of November. According to AFP, Boillot will take over at cognac brand Hennessy in 2020.