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.
Stockmann is forging ahead with its transformation plans and while the signature department store chain is loss-making and the market is tough, the firm is upbeat on its prospects and of those of the more buoyant Lindex.
Europe-focused online fashion retail giant Zalando has strengthened its leadership team, appointed three senior vice-presidents, including two internal promotions and one crucial newly-established role.
Valentine’s Day is set to be worth just over £1 billion in revenue this year in Britain, a minimal 0.6% rise on last year and actually a fall if inflation is taken into account, GlobalData said on Wednesday.
The week has started with some good news for the under-pressure malls sector with the latest UK footfall report from Springboard being headlined 'The start on the road to recovery for shopping centres'.
It's been a bad year for Beales so far and it got worse on Friday with the mid-market department store chain set to close 12 shops – more than half of its total – as administrators continue to seek a buyer for the rest.
Clarity on Brexit and ongoing discounting combined to make consumers feel better about shopping last month. A report showed like-for-like sales in physical stores grew 5.7% during January and fashion rose even faster.