More mainly bad news about UK retail came Monday. New footfall figures showed store traffic was well down on last year and this weekend won’t offer much relief, even if the five days to Friday should be more buoyant.
House of Fraser has signed a deal with a property-tech startup that will see the UK department stores giant hosting pop-up concessions in stores for small retail brands and expanding its experiential offer on the way.
The Christmas shopping season may not have been one of the best in the UK, but Christmas Day itself will see a healthy rise in e-shopping, followed by a good Boxing Day increase, a new report said Monday.
Chinese social media firm Tencent Holdings Ltd and e-commerce platform JD.com Inc on Monday said they will jointly invest $863 million (647.27 million pounds) in Chinese discount online retailer Vipshop Holdings Ltd.
Celebrity favorite Rimowa has opened a pop-up shop in Beverly Hills on Rodeo Drive. This is the first ever pop-up shop for the legacy German luggage and accessories brand known for its aluminum-sided ridged bags.
Online shopping has its limits and physical stores will never go out of fashion, says the CEO of Unibail-Rodamco which is betting $16 billion (£12 billion) on buying Westfield to create a global mall giant.
For investors in Australia's Westfield, its $16 billion (£12 bn) sale to European property giant Unibail-Rodamco may mark a turning point for an industry under pressure to reinvent itself amid fierce online competition.
Europe's top online-only fashion retailer Zalando is stepping up its fast-growing brand partnerships programme, building on ties with the likes of Nike and Superdry to repel the challenge of U.S. interloper Amazon.