Debenhams will exit the UK high street for good on May 15 as the administrators close its remaining stores. The closures will end more than 200 years in which the company has been a major name in UK retail.
Online sales accounted for nearly a fifth of total retail turnover last year as lockdowns to combat the spread of the coronavirus pandemic fuelled a boom in e-commerce, a United Nations study released on Monday showed.
As it continues efforts to rightsize its portfolio and repay its debt, Hong Kong’s Global Brands Group has announced the sale of its Spyder business in Korea to Alpha Vista Investment Co. for $40 million.
Trade show organisers are continuing to reschedule key shows and Hyve Group has announced that it will stage Scoop X Pure and sourcing show Pure Origin at the Old Truman Brewery in London on September 7-9.
The American footwear and accessories group announced on Wednesday that its revenues for the fourth quarter ended March 31, 2021, totaled $361.0 million, an increase of 0.5% from $359.2 million in the prior-year period.
UK sportswear retail giant JD Sports has signed resale firm Sole Responsibility as an official sustainability partner. And the reason's clear. It's saved more than 60,000 pairs of trainers from landfill or incineration.