Eslite Spectrum announced on 3rd July that it is closing its branch in Shenzhen due to gloomy predictions of profitability, partly caused by the COVID-19 pandemic.…
After Valentino, also Coach leaves Canton Road
Who is next? …
Australian fashion brand Bardot to shutter 58 stores nationally
Australian women’s fashion brand Bardot announced its plans to shutter 58 stores nationally, resulting in a loss of some 530 jobs.…
Forever 21 closes in Hong Kong
Struggling Californian fast-fashion retailer Forever 21 has shut its last shop in Hong Kong, officially pulling out of Hong Kong as months of civil unrest take a toll on high-street retailers.…
Forever 21 leaving China
The 35-year-old US retailer Forever 21, which has said it will shut down all of its stores in China, reflects the strain of fierce competition that fast fashion brands face in China.…
Gap to exit Australia with store closures
Gap will shutter its doors in Australia within the next six months. The announcement came from local franchisee Oroton Group saying it had decided to discontinue its relationship with the American fas…