Fashion chain Internacionale is thought to be in trouble once more as reports emerge that it could be on the verge of administration.
World-famous department store Harrods has finally closed the doors to its controversial Pet Kingdom in order to expand its womenswear collections.
Revenues at the UK chocolate company were up 1.8 per cent to £221.1 million for the full year, as Thorntons managed to reduce its debt and improve its profit and sales. After a rocky few years for the group, Thorntons’ full year results for the 52 weeks to 29 June suggest its turnaround is well underway.
Marks & Spencer on Wednesday announced it would close four of its stores in the Republic of Ireland, a move which will see the loss of 180 jobs at the retailer. In a statement, the department store group said the stores would close “within the coming weeks resulting in 180 redundancies”.
The Jones Group Inc., parent company to Nine West, Kurt Geiger and Jones New York, has announced it will close around 170 of its underperforming US stores by mid-2014. The company will also cut its workforce by 8 per cent as part of the measures announced on Wednesday, which Jones Group Inc said would cost around USD 40 million to USD 60 million over the next 15 months as it looks to turnaround its profits.
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