Could London's two top luxury department stores end up with the same owner? That's the question being asked on Monday as it has emerged that the owner of Harrods is possibly front-runner to buy up-for-sale Selfridges.
Dutch fashion brand Scotch & Soda on Monday announced an “acceleration of its growth strategy”. This includes the opening of 15 new physical stores and seven new concessions by year-end around the world.
News that ASOS CEO Nick Beighton has stepped down rather put the firm’s results statement in the shade. But there’s no denying the company remains one of the most successful in fashion retail, even if growth is slowing.
Business-to-business e-commerce platform Bizongo announced that it has turned profitable and expects to reach a total of $300 million (Rs 1,995.8 crore) in annualised revenue by the end of the 2022 financial year.
As digital commerce platform Meesho launched its flagship sale event ‘The Maha Indian Shopping League’ which runs from October 6 to 9, the business announced that it has onboarded over one lakh new sellers.
Malls suffered significant financial challenges during the pandemic but mall construction in cities including Mumbai, Noida, and Bengaluru is beginning again, albeit at a slower pace than before Covid-19.