The growing importance of ‘hard luxury’ was further illustrated on Thursday as Yoox-Net-A-Porter’s high-end menswear arm Mr Porter announced the launch of its new watches offer combining commerce with content.
House of Fraser has revealed its CVA and the worst fears of its staff and landlords have been realised as it has confirmed that it wants to close 31 stores, including its longstanding flagship on London's Oxford Street.
House of Fraser kept everybody who is following the story of its CVA plans on tenterhooks Wednesday with the expected update not materialising by close of business but rumours suggested over half its stores will close.
Alibaba Group Holding Ltd's logistics affiliate said on Wednesday that it would lead a joint venture to invest $1.53 billion in a new logistics centre at Hong Kong's airport to expand its global delivery network.
Canada’s Hudson’s Bay Co. confirmed on Tuesday it would sell its unprofitable online banner Gilt and said it would close up to 10 Lord & Taylor stores, including its Manhattan flagship, as its quarterly loss widened.
RetailerJoe Browns said Tuesday that its first-ever physical store has “opened the door for new opportunities” and has seen more than £1.25 million worth of sales in its first seven months of trading.