There appears to be a question mark around the space given over to fashion in M&S’s physical stores in the future as the company appears to be preparing to focus even more heavily on food than it has done until now.
Amazon's planned second headquarters in northern Virginia cleared a key test on Saturday when local officials approved a proposed financial package worth an estimated $51 million amid a small but vocal opposition.
South African retailer Steinhoff said an independent report had found it had overstated profits over several years in a $7.4 billion accounting fraud involving a small group of top executives and outsiders.
The embattled UK retail industry was dealt another blow on Friday after news emerged that Arcadia is considering a restructuring process which could result in significant store closures and job losses.
Prada said on Friday it would stop offering end-of-season promotions at its stores, in a bid to boost margins and protect its brand after achieving revenue growth in 2018 for the first time in four years.
Zalando has launched a change of approach as it “refines its private labels assortment to pursue a complementary strategy with partner brands.” The result is the end of the private label business within its zLabels op.
H&M isn’t exactly known for sharing lots of information when it release its quarterly sales figures so on Friday its Q1 numbers were frustratingly short on detail, apart from showing that sales are rising.