Gap Inc on Thursday raised its full-year net sales forecast for the second time, betting on hot demand for its Old Navy and Athleta clothing brands as socializing makes a comeback with easing pandemic curbs.
After handing over the running of 22 regional stores to real estate company FIB in 2018, the French department store group has announced a new franchising project for another 11 branches, to be finalised in early 2022.
Just how tough UK retail’s pandemic mauling has been — especially for fashion — came into stark focus on July 30. More than one in seven stores are now vacant on UK high streets, retail parks and in shopping centres.
Kurt Geiger-owned women’s footwear and accessories retail brand Carvela has opened a standalone store at the Landsec-operated Bluewater mall in Kent. It becomes Carvela's seventh UK store and first in the South East.
Positive news for giant retail landlord Landsec. The UK’s largest commercial property firm said Friday it has made “good progress” on rent collections following over a year of widespread pandemic-induced disruption.
Gap-owned brand Athleta is teaming up with Allyson Felix and the Women's Sports Foundation to launch a first-of-its-kind grant program that commits $200,000 to help fund child care costs for professional mom-athletes.
There will be more store closures in UK this summer with news that Dutch variety retailer Hema will exit its six physical locations. It adds to the massive total of physical shops that have shut in Britain.