Egyptian jeweller Azza Fahmy is to launch in the UK with the brand having just signed up to a store in luxury shopping-location-cum-tourist-destination Burlington Arcade as London remains a key focus for high-end brands.
John Lewis continued to struggle with slowing sales in the latest week. On Tuesday the department stores and e-tail firm said that sales for the seven days to January 13 fell 3.8% year-on-year to £85.7 million.
On 11 January, Dutch department store chain de Bijenkorf announced that it is closing its Woerden-based distribution center. De Bijenkorf plans to merge and outsource all distribution activities to a new partner in 2019.
French police have recovered some of the jewels worth over 4.0 million euros looted from the Ritz hotel in central Paris, a police source said on Thursday as officers hunt for two thieves who remain on the run.
Analysts are gloomy about Debenhams' prospects after a downward spiral of markdowns hurt Christmas season profits. And speculation about faster job cuts and store closures has followed its trading update.
A last-minute surge in high street shopping in the week leading up to Christmas wasn't enough to rescue December trading. That’s the message from the latest BDO UK high street sales tracker that was released on Friday.
According to a market research by Thuiswinkel, Dutch consumers spent €15.7 billion in the first nine months of 2017, with beauty and apparel on the up. Total online sales are expected to reach €22.7 billion for 2017.