Value Retail, the company behind some of the world’s most successful luxury outlet centres, has launched China’s largest mobile payment method Alipay to give its Chinese consumers an easy and safe way to make payments.
House of Fraser delivered lower sales and wider losses Wednesday but was upbeat and said its womenswear revamp is paying off while lower e-sales were caused by an online re-platform that is now yielding good results.
Swedish furniture retailer IKEA plans to invest about 90 million euros (£81.19 million) in building its first store in Slovenia, which is due to start in the near future, IKEA said in a statement on Tuesday.
It was a disappointing week for fashion at John Lewis in the seven days to September 2 but, to be honest, it looked like a disappointing period for most categories it sells as it saw its total sales falling for once.
If UK fashion, beauty and interiors stores are worried about competition from the discount sector now, they have a lot more to worry about in the next few years with a new report saying the sector will surge by 2022.