EU state aid regulators will investigate whether Ikea's tax arrangement with Dutch tax authorities helped cut its tax bill, the latest crackdown on unfair tax deals between multinationals and EU countries.
House of Fraser has signed a deal with a property-tech startup that will see the UK department stores giant hosting pop-up concessions in stores for small retail brands and expanding its experiential offer on the way.
Retail giant Inditex isn’t immune to fashion’s negative trends, but the company is certainly doing better than many, saying Wednesday that net sales in the first nine months of the year were up 10% and profit was up 6%.
Springboard released its November footfall figures on Monday and they made less-than-encouraging reading as visitor traffic to stores rose marginally (by 0.2%) in a month when traffic should have picked up even more.
The Netherlands’ Hema is making its way to Austria. The retailer announced the opening of two new stores in Vienna, planned for Spring 2018. Additionally, the retailer expects to open 35 new stores worldwide in 2018.