It has been five years since London Designer Outlet opened its doors in Wembley, and the outlet centre continues to be a bright spot in UK retail while the high street struggles to cope with online competition.
The British online beauty and lifestyle retailer has opened the doors of a new 800,000 sq ft fulfilment and manufacturing facility in Wroclaw, Poland, that will serve the "crucial" German and Central European markets.
Having upped its 2018 outlook for US retail from “stable” to “positive”, Moody’s has done the same for the country’s apparel and footwear industry, citing higher-than-expected earnings growth in the sector.
Sports Direct International Plc, the sportswear group controlled by billionaire Mike Ashley, said on Wednesday it had paid 8 million pounds ($10.2 million) to buy Evans Cycles after it fell into administration.
Estée Lauder dismissed fears of a slowdown in China as its quarterly results beat Wall Street estimates on Wednesday on booming demand for cosmetics and high-end skincare products in the Asian country.
UK consumer confidence has dropped again with a one point fall in the Consumer Confidence Index to -10, a sign of the increasingly chilly economic environment that’s helping to keep fashion sales muted at present.