Fashion retailers and department stores have had a tough time so far in February with the latest Confederation of British Industry (CBI) poll showing weak sales at stores, even though online continued to rise strongly.
Initial plans to open 20 Hudson’s Bay department stores in the Netherlands have been narrowed to 15. The retailer announced that it is currently focusing on stores that are in development and denies financial problems.
UK and Spanish fashion retailers may be struggling but landlord Intu managed to report higher profits for 2017. Yet rental growth slowed in a tough market where store spaces are becoming less profitable for retailers.
The US fashion and lifestyle brand has opened its first store in France; a visually unique 900-square-metre space located at number 146 rue de Rivoli. The store kicked off with an open-invite party on February 21.
H&M is looking to online and offline growth in the Indian market as it plans to expand its physical network by adding stores in the coming months followed by the launch of its online portal in the country.
Speculation that Shandong Ruyi was in talks to buy the UK’s Arcadia Group may have been denied by both parties but it has certainly focused attention on the Chinese firm’s global ambitions in the fashion sector.
According to a report from Coresight Research, the e-commerce giant’s apparel offering has skyrocketed in popularity, with footwear and casual clothing proving to be the platform’s most popular categories.