Shortly after announcing its purchase of the Xanadú shopping centre in Madrid for €530m and naming a new manager for its Spanish ops, malls giant Intu has entered a joint venture to claw back some of the purchase price.
Retail veteran Harold Tillman may have been frustrated in his attempt to win back the Jaeger brand he once owned, but reports suggest that he could lead a group of investors working on a rescue deal for Style Group.
The eyewear specialist has announced a renewal of its licence agreement with the Italian jeans label effective until 2023, involving the design, production and distribution of its Diesel eyewear collections.
Ulta Beauty reported on Thursday solid first quarter results including a 39.4 percent increase in net income, as the beauty specialist defied the struggling retail market. It plans to open 100 more stores.
Surfstitch will extend its current trading halt on the ASX, on the back of implications from a $100 million class action and "the high level of uncertainty around the negotiations with the litigation funder."
Movado Group Inc. saw a major drop in sales for the first financial quarter of 2018, from $114.1 million in the same quarter last year to $99.3 million. The New Jersey-based company will put its focus on new products.
South African-based retailer Massmart reported on Thursday a near 2 percent fall in overall same-store sales in the first five months of the current year, as outlets outside its home market underperformed.