Walmart on Tuesday forecast online sales growth to slow this year after posting lower-than-expected holiday quarter results, revealing the pressure traditional retailers are facing to keep pace with online shopping.
Beales is preparing to close all its stores as no buyer has come forward to snap up the business. But it seems its administrators are still trying to find someone who will buy at least part of it as a going concern.
Children and maternity wear specialist Orchestra-Prémaman entered a protection procedure on September 24 2019, and on Monday February 17 it presented a reorganisation plan which involves cutting about 600 jobs.
People keep calling for designers to look into the future, but rarely has a season been so obsessed with the past as London Fashion Week, which wrapped up Tuesday night with a reception in 10 Downing Street.
Three leading proxy advisory firms have recommended that HBC shareholders vote in favour of the deal that would see a group led by the company’s executive chairman, Richard Baker, take the retailer private.
The French fashion firm is set to open a new pop-up store in Madrid on 11 March. The 160 sq m space will feature Sézane’s L’Appartement retail concept, which also shapes its stores in Paris and London.
The Canton, Massachusetts-based big and tall menswear retailer announced a 1.1% rise in fourth-quarter comparable sales on Tuesday, and provided quarterly earnings guidance predicting a return to profit in the period.