Burberry is reportedly planning to close 38 of its stores worldwide (or one in ten) as the British brand moves forward with plans to reposition itself into a more upmarket tier.…
Zara owner Inditex sees revenues hit 26 billion euros for the first time
Zara parent company Inditex Group’s net sales rose by 3% in full-year 2018 to an all-time high of €26.14 billion, underpinned by growth in all of the Group’s geographic regions.…
The rise of malls: the changing retail landscape in China
Have you ever thought about how many stores open and close in China every day?…
Moncler sees double-digit growth in 2018
Moncler reported a surge in global revenues for 2018, on the back of sales gains across all major markets, prompting a lift in profit at during the year.…
CJ ENM O Shopping to launch Karl Lagerfeld Paris in Korea
CJ ENM O Shopping Division, the home shopping unit of South Korean conglomerate CJ Group, will become the first distributor to launch a collection by the legendary designer Karl Lagerfeld.…
Foot Locker 2018 sales hit new record
Foot Locker reported fourth quarter results that best expectations, as comparable sales lifted by double-digits and annual sales hit a new record in 2018.…
Adidas to close stores in online push
Adidas expects to close down stores in the coming years as part of a shift towards selling more goods online, its chief executive told a newspaper.…
JD.com expansion of offline experience shops
The company, which rose quickly to become China’s largest retailer, online or offline, through its e-commerce business, is looking to leverage the advantages of an offline experience to further expand…
Louis Vuitton x Supreme returns in Japan
French luxury brand Louis Vuitton has announced that its collaborative collection with Supreme will again go on sale between the 28 and 30 July at 3 Louis Vuitton stores in the Japanese cities of Osak…
Toshop creditors are owed at least A$35m after Australian collapse
The creditors of Austradia Pty Ltd, which operated Topshop and Topman in Australia before its voluntary administration filing, are owed at least A$35 million following the collapse of the business, it…