The good news just keeps coming from Boohoo.com with the online fashion retailer late on Wednesday saying sales more-than-doubled in the past three months and announcing major moves to help it accelerate its growth.
The first European Saks Off 5th is set to open June 8 in Dusseldorf. Chief Merchandise Officer for Europe, Berna Bartosch, talked with FashionNetwork about the US-based retailer’s store concept for the old continent.
Department stores are in a huge state of flux. Europeans are opening new flagships in distant lands, even as Americans close shop. Here in Paris, Bon Marché booms by attracting Parisians and deep-pocketed tourists .
The auction of e-tail giant Shop Direct has attracted less interest than had been hoped, according to reports, but some offers are on the table with Apax Partners believed to be one of three groups to have bid.
UK fashion and lifestyle retailer Joules has had a good year. A very good year. The company said Tuesday that its revenues in the 12 months to May 28 surged 19.6% to £157m as both retail and wholesale did well.
The European Commission said it will open a formal investigation into clothing group Guess, saying it suspected the company of banning retailers from selling its products across the EU's national borders.