Marks & Spencer has sold its retail business in Hong Kong and Macau to its franchise partner Al-Futtaim as it retreats from international markets to focus on its core business in Britain, the company said on Tuesday.
Indian fashion retail chain Shoppers Stop has announced that its chief financial officer (CFO) Sanjay Chakravarti will step down from the post on December 22 and new CEO Rajiv Suri take charge on January 7, 2018.
Abercrombie & Fitch announced it has expanded its partnership with its Middle Eastern partner Majid Al Futtaim to open the first-ever store in Saudi Arabia. It will also house a shop in shop for Abercrombie Kids.
Once again it was fashion that carried John Lewis through the latest week with the period to April 1 seeing total sales down 6%. Not that it is worried as the later timing of Easter is still distorting sales patterns.