Sunday saw the opening of the Italian luxury brand’s new NY digs on SoHo’s Wooster Street, an innovative retail destination channeling the neighborhood’s artistic heritage and proposing original services and experiences.
Hudson's Bay Co and joint venture partner RioCan REIT have signed a conditional agreement to sell HBC's flagship store in Vancouver for about C$675 million (387.2 million pounds) to an Asian buyer, a source said.
London’s historic luxury destination Burlington Arcade is being sold to the Reuben brothers for £300m. The arcade has been on the market since last year with estimates at one point that it could fetch over £400m.
The Italian beauty retailer plans to invest €90 million to fuel growth in the next 3 years, and is in advanced talks with an investment fund interested in buying a stake. It will also close its US subsidiary.
A recent study from Astound Insights claims that while the Seattle-based e-commerce giant is growing in popularity in the fashion sector, its failings leave the door open for other retailers to expand their market share.
Catalog and web-based retailer Lands' End has announced plans for the opening of a new brick-and-mortar concept, the first in a series of four to six stores the Wisconsin-based brand intends to open this year.
Luxury handbag designer Sophie Hulme is to open her first permanent standalone boutique this spring, taking a space on Chiltern Street, while menswear brand Dashing Tweeds will open on nearby Dorset Street.
As the 17,000 staff who work at House of Fraser stores digest news of its likely new ownership and soon-to-happen CVA, analysts have said the new investment from C.Banner could spur a recovery at the retail chain.
XPO Logistics, one of the largest global freight transportation and warehousing companies, reported a rise in quarterly profit on Wednesday, fuelled by strong demand for deliveries of online purchases.