The Saks Fifth Avenue store in New York has been valued at $3.7 billion, as parent company Hudson’s Bay Co. refinanced the property.
The Arcadia Group – which owns such retail brands as BHS, Miss Selfridge, Topshop and Topman, revealed they had experienced a drop of 3.4 per cent in pre-tax profits, for the year ending on 30th August, with sales increasing to £2.7 billion – by 0.9 per cent.
Kingfisher has posted an 11.8 per cent decrease in third quarter profit after tumbling sales in France hit the home improvement retailer's bottom line.
Amazon shoppers will soon be able to pick up products ordered online from their local Post Office branch thanks to a new deal announced on Tuesday morning.
Aldi has announced it has no “immediate plans” to enter New Zealand, even though it recently appointed a chief executive for Australasia.
Chanel looks to outdo all the hype of the recent campaign debuts that have flooded the fashion press in the past few weeks in one fell swoop with the premiere of Reincarnation, its new fashion film shot by Karl Lagerfeld and starring none other than Cara Delevingne and Pharrell Williams.
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