Next has been facing tough times and its annual results on Friday illustrated that very clearly. It expects those tough times to continue but total sales for the current financial year are predicted to rise 1%.
Inditex had another good year in 2017, despite exchange rates denting its margin slightly. But its omnichannel focus drove it to higher sales and profits, and its new COO has been tasked with maintaining that momentum
Saks Fifth Avenue owner Hudson’s Bay Co said on Wednesday it had received a bid for its German department store chain Kaufhof from Signa Holding, the Austrian property and retail group that owns Karstadt.
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.