Escada is to open a new flagship in London this month with the new store at 129 Sloane Street offering all its product collections. It will be the first creative statement from new design chief Niall Sloan.
The buzz-building campaign for the new Erdem x H&M collection that launched today appears to have worked well, perhaps too well with the firm’s website crashing as it went on sale at 09:00 GMT this morning.
Saks Fifth Avenue owner Hudson’s Bay Co said on Wednesday it had received a bid for its German department store chain Kaufhof from Signa Holding, the Austrian property and retail group that owns Karstadt.
Monica Vinader has boosted its presence in London with a fourth boutique but its first in Covent Garden. The jeweller has opened on on the reinvigorated and newly pedestrianised King Street, Covent Garden.
Australia’s biggest department store chain, Myer Holdings Ltd, cut its growth targets on Wednesday as it battles intensifying competition and a rebellion from its biggest shareholder, sending its shares sharply down.
Reiss reported lower operating profits for the year to this January but it doesn’t look like there’s too much to worry about as the company was investing heavily in its expansion strategy and that’s what caused the dip.