Shopping malls giant Intu is under heavy pressure as it works to improve its debt situation and another area in which it’s under pressure, footfall, is also a focus for the owner of some of the UK’s top shopping centres.
When retail mogul Mike Ashley added House of Fraser to his portfolio in 2018, he spoke about converting the chain into the “Harrods of the high street”. And two years later, his vision is starting to take shape.
The spread of the deadly coronavirus in China could mean the world’s luxury industry seeing sales dented by fewer Chinese shoppers travelling abroad, tax-free payments specialist Planet said on Thursday.
Despite hailing the deal as “a step in the right direction,” GlobalData reports that it will “offer little relief to apparel firms” caught up in the middle of the ongoing trade conflict between the two countries.
According to a new study, although increasing numbers of retailers are prioritizing customer-centric initiatives, a vast majority believe that they are not effectively adapting to the demands of hyperadoptive consumers.