The Spanish clothing group has continued its international expansion with its debut in Iraq. The country’s capital Bagdhad has been selected for the opening of the group’s first three stores in the region.
Struggling Debenhams faces a fresh challenge with credit insurers tightening up the terms for its suppliers, suggesting a lack of confidence in its turnaround. But the company has denied it’s facing a cash crunch.
As one report shows June footfall to stores continued to drop, another regular report shows actual spending in physical stores rose. Not only that, the rise beat e-commerce spending for the second consecutive month.
A key monthly UK retail report for June seems to show that British shoppers are still turning away from physical stores and that a slight recovery seen in June in year ago was just a flash in the pan.
More details of John Lewis's new strategy have emerged following the announcement last week of a brand-new giant fashion line from the retailer with news that it will link with Kurt Geiger for a deep dive into footwear.