The changing role of physical retailing, coupled with rising costs and Brexit uncertainty are causing retailers to think twice before opening new stores, according to a new report from the Local Data Company.
San Francisco-based Benefit Cosmetics and LA-based NYX Cosmetics are diving into the Colombian beauty market with the announcement of plans for both brands to massively expand in the country over the next two years.
H&M is expanding its global footprint with the opening of its first store in Vietnam. Located at Vincom Center Dong Khoi in Ho Chi Minh City, the new flagship store opened with a DJ performance and party on Saturday.
A little more than ten years after quitting the US market, Decathlon has unveiled its first store location for the sports retailer's return. The premiere American store will open next month in San Francisco.
Swedish furniture retailer IKEA plans to invest about 90 million euros (£81.19 million) in building its first store in Slovenia, which is due to start in the near future, IKEA said in a statement on Tuesday.