Fashion and footwear stores are closing at faster rates than ever in the UK and while stores are still opening, the pace is slowing. Greater London is seeing a larger number of closures due to increased costs.
“Thanks, but no thanks”. That’s the message shopping malls giant Hammerson delivered to Europe-based suitor/predator Klépierre on Wednesday morning after receiving an updated buyout proposal from the French firm.
Adidas Outdoor has opened a new sales-focused office in Golden, Colorado to serve its Rocky Mountain region. The Colorado showroom will house sales reps and support the western market in key sales areas.
House of Fraser is under huge pressure at present and the latest initiative for the chain shows management is thinking both flexibly and globally as it links with its parent to launch premium Chinese brands in the UK.
Jack Wills is the latest name to sign on for Intu's £180m Watford mall extension with plans for a 5,000 sq ft store at the centre that is expected to become a top 20 UK retail destination when it opens this autumn.