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.
India’s e-retail market may rise by 250 per cent in the next three years as players shift from discounts to consolidation, geographical diversification, business realignment and enhancing customer loyalty.
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.
ABF, the company behind value clothing brand Primark, has announced that its chairman Charles Sinclair has given notice of his intention to retire from the board on 11 April. He will be replaced by Michael McLintock.