John Lewis Partnership has unveiled two major new appointments with the creation of one new role, that of strategy director, at the firm that includes both the John Lewis department stores and Waitrose supermarkets.
Shares of Australian shopping mall giant Westfield Corp rose as much as 15% on Wednesday, their biggest single-day gain, after the company said it would accept a $16 billion takeover offer from France’s Unibail-Rodamco.
Retail giant Inditex isn’t immune to fashion’s negative trends, but the company is certainly doing better than many, saying Wednesday that net sales in the first nine months of the year were up 10% and profit was up 6%.
Activist investor Land and Buildings on Tuesday reiterated that Canadian department store operator Hudson’s Bay Co’s real estate assets were worth substantially more than the company’s current market valuation.
Concerns about the impact of next year’s election and competition from lower-cost or more efficient Asian rivals will slow the growth of Cambodia’s garment industry next year, the main manufacturers’ group said.