UK store portfolios could be cut by as much as 20% as the migration to online, Brexit uncertainty and increasing consumer caution continue to bite, according to a quarterly update from KPMG/Ipsos Retail Think Tank (RTT).
Deutsche Post DHL is selling its supply chain and logistics business in Greater China to S.F. Holding 002352.SZ as the two companies enter a 10-year strategic partnership to foster growth in the region.
Independent retail discounting levels have increased by 10% over the past year, and fashion stores are applying the biggest discounts to products, new data released by retail software provider Vend has revealed.
“My father was in charge of manufacturing for 45 years here and never ever wanted anyone in our factory,” chuckled Nadja Swarovski after opening the doors of the family's famed crystal-making plant in the Austrian Alps.