Q4 was a challenging time for H&M as its core chain resorted to major markdowns. But the firm is upbeat, seeing plenty of growth potential through new brands, new markets and both the store and digital channels.
Barnsley’s £130 million development, The Glass Works is proceeding with the glass-covered mall set to be a major shopping destination in the town. And Next has just signed up as its first retail tenant.
Menswear brand Louis Philippe, owned by fashion retailer Aditya Birla Fashion and Retail Limited (ABFRL), has entered a new international market with an exclusive brand outlet in neighbouring country Nepal.
On Friday, lingerie retailer Hunkemöller revealed its first Dutch HKMX sportswear store. The shop, which is located at Utrecht’s Hoog Catharijne mall, is fully dedicated to the retailer’s sports collection.
Good Christmas trading is no guarantee of survival in the UK fashion retail market. Womenswear chain East filed for administration Monday less than a month after reporting a festive sales uplift and rising e-sales.
Amazon is bolstering its UK fulfilment capabilities with the creation of a new centre in Rugby. The site will create 400 new permanent jobs, and join three further fulfilment centres in the pipeline for 2018.