Target Corp said on Tuesday it expects profit margins to stabilize in the year ahead even as they are pressured by investments in store and online operations, sending its shares down more 4 percent in afternoon trading.
New beauty tech platform bgX has launched a partnership with Uber which starts with London (assuming Uber’s ban there will be overturned), Paris and Dubai, “connecting professional hair salons to their communities.”
Barneys New York is driving innovation in visual merchandising with the launch of a new virtual reality experience. Mantle is a VR-powered runway show combining dance with fashion viewable both in store and online.
House of Fraser’s Chinese owner is planning to sell its majority stake in the under-performing department store chain to another Chinese entity, it confirmed on Tuesday. But it will keep a large holding in the retailer.
Amazon.com Inc is in talks to create a checking-account-like product with big banks, the Wall Street Journal reported, in an attempt to create a product to attract younger consumers, mainly those without bank accounts.
Poundland is speeding up its in-store Pep&Co openings as it targets significant fashion market share in the UK. The company will open 91 corners in its stores by June in a UK market where budget fashion is surging.
Gift cards and vouchers remain hugely popular in the UK market with 73% of consumers buying them as presents, says a Royal Mail survey that underline the importance of easy-to-buy gift cards for fashion retailers.