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Amazon plans to open large physical retail stores in US - report

Amazon plans to open large physical retail stores in US - report

Amazon.com Inc is planning to open large physical shops in the United States that will operate like department stores, the Wall Street Journal reported on Thursday, as the e-commerce giant expands its stores footprint.
Fashion
Shoppers flocking back to stores boost Target sales, outlook

Shoppers flocking back to stores boost Target sales, outlook

U.S. shoppers returning to stores ahead of the back-to-school season helped Target forecast higher same-store sales growth after beating quarterly estimates, even as online demand sharply dropped from pandemic highs.
Fashion
Walmart raises forecast as people buy more clothes, e-sales growth moderates

Walmart raises forecast as people buy more clothes, e-sales growth moderates

Walmart Inc increased its annual U.S. same-store sales forecast after beating analysts' estimates on Tuesday, as shoppers coming out of lockdown bought more clothes, travel gear and back-to-school merchandise. 
Fashion
Upscale Frasers department stores to open in Ireland

Upscale Frasers department stores to open in Ireland

Frasers Group’s premium-to-luxury Frasers department store concept is to open in two former Debenhams units in the Republic of Ireland with a debut in Cork and Kildare in 2022.
Fashion
Australia's Myer expects swing to profit as online sales jump

Australia's Myer expects swing to profit as online sales jump

Australian retailer Myer Holdings has forecast an annual profit for fiscal 2021, compared with a loss it reported last year, helped by a surge in e-sales and benefits from government support schemes and rent waivers.
Fashion
WeWork to operate co-working spaces in some Saks Fifth Avenue stores

WeWork to operate co-working spaces in some Saks Fifth Avenue stores

Saks Fifth Avenue owner Hudson’s Bay Co will convert parts of some department stores into co-working spaces managed by office-sharing start-up WeWork, at a time when many employees are negotiating remote-work policies.
Luxury
Ralph Lauren rebounds in Q1, N America sales jump 300%

Ralph Lauren rebounds in Q1, N America sales jump 300%

With a strong performance across North America and Europe, American fashion company Ralph Lauren Corporation has bounced back with 182% growth in revenue to $1.4bn.
Luxury
Joules sales and profits rise in latest year as e-tail booms

Joules sales and profits rise in latest year as e-tail booms

​Joules reported its annual results on Tuesday and talked of a “strong performance underpinned by continued digital growth, the strength of the Joules brand, and increasing diversification of revenue streams”.
Fashion
Amazon warehouse workers overwhelmingly rejected a union. Now they may vote again

Amazon warehouse workers overwhelmingly rejected a union. Now they may vote again

A U.S. labor board official has recommended a rerun of a landmark Amazon union election in Alabama where employees had voted against making their warehouse the online retailer’s first to organize in the United States.
Fashion
SMCP's Daniel Lalonde to lead Design Holding

SMCP's Daniel Lalonde to lead Design Holding

​Following news on Monday that Daniel Lalonde is moving on from his role as CEO of SMCP, Design Holding has announced his appointment as its new chief executive with effect from October.
Luxury
Facebook's Kustomer deal may hurt competition, EU regulators say

Facebook's Kustomer deal may hurt competition, EU regulators say

Facebook's acquisition of U.S. customer service startup Kustomer may hurt competition and boost its market power in online ads, EU antitrust regulators warned Monday as they opened a major investigation into the deal.
Fashion
Hermès bounces back as H1 beats both 2020 and 2019

Hermès bounces back as H1 beats both 2020 and 2019

​Hermès became the latest luxury group to announce a rebound on Friday as the upscale leather goods and fashion maker saw its sales soaring during Q2 and the first half as a whole.
Luxury
Westfield owner URW is cautiously optimistic as Europe bounces back

Westfield owner URW is cautiously optimistic as Europe bounces back

Unibail Rodamco Westfield has reported H1 results and continued to see “significant Covid-19-related disruption” in the first six months. But it also highlighted its ongoing “resilience in tough operating conditions”.
Fashion
Selfridges is up for sale, offers over £4bn sought

Selfridges is up for sale, offers over £4bn sought

Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Luxury
MySale's shift to marketplace platform delivers results

MySale's shift to marketplace platform delivers results

Big operational changes at MySale have borne fruit. The online fashion and lifestyle retailer's shift to an Australia/New Zealand focus while scaling the business to a new marketplace seller platform has worked well.
Fashion
Next smashes forecasts as Q2 sales surge

Next smashes forecasts as Q2 sales surge

​Fast-growing fashion retail giant Next said on Wednesday that it had easily beaten its own expectations for full-price sales, with the last 11 weeks seeing an 18.6% surge compared to the same period in 2019.
Fashion