Primark has unveiled details and a CGI impression of its largest ever store that is slated to open in Birmingham in December this year. The new store, to be located at Birmingham Pavilions, will employ approximately 900 people and showcase five floors of fashion, beauty and homeware over 160,000sq ft of retail space
Nike Brand President Trevor Edwards resigned suddenly amid complaints about poor workplace conduct, the Wall Street Journal reported.
Dollar General's quarterly comparable store sales beat Wall Street estimates as customers continue to spend more at its stores.
Plans to transform Oxford Street into a traffic-free zone has received widespread support, according to a consultation report published today. Transport for London (TfL) and Westminster City Council said 64 per cent of the 22,000 responses received on plans to transform London’s famous shopping street were in favour of the proposals in some form. The plans include pedestrianising a part of Oxford Street – between Orchard Street and Oxford Circus – by December 2018 so as to coincide with the launch of Elizabeth Line train services that will run through the precinct
The high street spending splurge that often comes with Valentine’s Day failed to have save the overall fall in sales for the month of February. According to the latest High Street Sales Tracker from accountancy and business advisory firm BDO, in-store sales dropped 1.6 per cent compared to a weak benchmark of a 2.2 per cent drop for the same period last year.
Debenhams has inked a concession deal with French interiors brand Maisons du Monde as part of the retailer’s efforts to revamp trading in its turnaround scheme.
The e-commerce giant is in talks with JP Morgan Chase, among others, to create an Amazon-branded checking account, according to the Wall Street Journal.
But Target's revenue and same-store sales for the fourth quarter top Street expectations.
The department store retailer is slashing jobs at its corporate and support offices as it posts another loss for the year and fourth quarter sales that disappointed Wall Street.
Wall Street's retail jitters killed go-private talks last year, but now the group wanting to buyout the upscale department store is close to finalizing and presenting its offer, Reuters reports.