It’s big, it’s bold, and it’s opening in Manchester on 14 April. That’s H&M’s “world-first” 2,713 sq m (29,200 sq ft) store revamp at the city’s Trafford Centre, boasting "exciting new elements, concepts and services”.
H&M’s Q1 results weren’t too bad given the challenges it has had in recent periods, but the firm is still looking hard at its operations and has announced that it will close 240 stores globally in the year ahead.
The luxury streetwear label announced that it will start accepting various cryptocurrencies as payment methods in its Paris, London and Milan stores -- a bold move at a time when many countries have banned them.
Macy's Inc. said on Thursday it plans to open a new fulfillment center in North Carolina in 2024, as the U.S. department store chain expands it supply chain operations to keep up with e-commerce demand.
Giorgio Armani has revealed plans to open an Armani Hotel near Riyadh, in his latest expansion of his hotel chain. He opened his first Armani Hotel in 2011 in Dubai inside the world’s tallest building, the Burj Khalifa.
UK retail footfall continues to lag pre-pandemic levels by a large margin with February footfall down 23% compared to the last normal month before Covid hit, the latest data from Datscha, analysed by RSM shows.
Mytheresa and Vestiaire Collective have extended their resale collaboration, which means Mytheresa’s UK luxury customers with items to sell will be able to take advantage of the French pre-owned marketplace’s services.
Improving customer satisfaction while also cutting environmental waste looks like a win-win for any retailer. To meet those dual goals, footwear giant Clarks has signed Israeli circular economy tech start-up OtailO.