Faced with the retail sector’s troubles and the need for the French department store group to transform itself, the supervisory board has decided to end Le Printemps’ collaboration with Paolo de Cesare, CEO since 2007.
One of the most interesting and impressive retail developments in the UK in recent years, Battersea Power Station, is edging closer to completion with Hugo Boss, Uniqlo and major beauty names taking space there.
The American fast fashion retailer announced on Monday that Michael Appel will no longer be serving as the company’s CEO and chairman, roles in which he will be succeeded by John Fleming and Scott D. Vogel.
Marimekko was in an upbeat mood Thursday as it delivered a “strong” set of results for the year ending December 31. It was boosted by a flourish in the final quarter on strong Holiday numbers and international traction.
The global fashion market should grow by 64 billion dollars in five years, according to Kantar. Approximately half of that will come from five major players: Fast Retailing, Inditex, H&M, TJX and Old Navy.
It was the same old story for Uniqlo, the largest chain operated by retail giant Fast Retailing, in January as the company said on Tuesday that its sales in Japan were dented by the wrong kind of weather.