UK retail had a better time in April yet not everybody was happy as department stores proved to be the main sector that was struggling. At least fashion had a better time of it than in the first few months of the year.
The world’s largest retailer of diamond jewelry has signed onto De Beers’ pilot program for diamond blockchain Tracr, the first retailer to join a growing number of big diamond industry names trialling the platform.
The famous design competition has just revealed the identity of the 15 finalists in its Fashion, Accessories and Innovation categories, including labels such as Atlein, Eckhaus Latta, Facetasm, Kevin Germanier.
Shop Direct continued to make strides as the UK’s second largest online retailer in the third quarter, however regulatory costs linked to PPI claims has pushed the parent company of Very.co.uk into the red.
For the second Life In Stores edition, LVMH Group has rewarded eight of its retail stores for environmental performance in 2017. The event forms part of its sustainability program, which launched in 2012.
Sanpower, the giant Chinese conglomerate that’s selling a large chunk of its House of Fraser stake, has revealed a new industry strategy and named luxury specialist Guy Salter Chairman of its New Retail business.