Sears Canada Inc said on Thursday it obtained court protection against creditors to proceed with a restructuring that will include store closures and layoffs as it seeks to recover from years of declining sales.
Just a week after under-pressure womenswear giant Gerry Weber reported falling sales but said its turnaround was on track, it has parted with one of its top execs its share price has fallen as a result.
Talk about a modern nomadic collection. Influences ranged from New Zealand Maori; Hawaii surf and Pacific scuba gear in a sport meets logo-mania collection sure to keep the cash registers humming at Louis Vuitton.
The Dolphin shopping centre in Poole, the largest covered mall in Dorset, will benefit from a £26 million upgrade spend after its owner and the local authority agreed a deal that will also see new retail stores added.
The UK election may have ended with no single party having control and the ruling Conservatives cancelling some plans, but the policies unveiled in the Queen’s speech have been hailed as good for retail by the BRC.
Store numbers on London’s premier shopping thoroughfare Oxford Street have dropped to 228 from 285 since 1993 as global brand demand for giant flagships has seen several smaller units consolidated into larger stores.
“My bad boys are getting more mature, and cleaning up their act,” confessed Haider Ackermann, after presenting a streamlined expression of romantic tailoring inside the Hotel Intercontinental Wednesday night.