Quiz continues to face difficult trading as UK retail stays challenging at best. And while the firm’s Spanish ops are doing well, its Irish business seems to be suffering from the same issues as it’s facing in the UK.
Luxury brands from Prada to Cartier are counting the cost to their businesses of four months of unrest in Hong Kong that has kept tourists away and forced shops to shut, with upcoming results set to show the damage.
Apparel rental services could now be taking spend away from traditional sales in an already challenged sector, and it remains to be seen if rental clothes will cannibalize retail sales over the longer term.
Gap, Inc. has given an update on the upcoming separation of its businesses into two companies, revealing plans to almost double Old Navy’s physical store count, while the Gap brand will refocus around denim.