A report that shows the global cost of shrinkage for retailers, comprising of shoplifting, employee or supplier fraud and administrative errors, has shown a loss of 128 billion dollars. The study, called the Global Retail Theft Barometer provides data to help retailers around the world benchmark their […]

Fashion chain Jigsaw is increasing its menswear presence with the opening of three new menswear stores within the next six months, writes Drapers. Jigsaw relaunched its menswear business in 2012, after folding in 2004. The first specialized menswear store outside London to recently open was last week […]

UK maternity label Séraphine is set to open its first US store in New York later this month, as the brand sets its sights on growth overseas. The 1,700 square foot store will be located in Soho, on 464 West Broadway and is set to open its door on November 20. The move comes not long after the […]

Karstadt is on the verge of eliminating around 2,000 jobs. The German department store group is preparing to shut down 1,950 positions, but including part-timers, the actual number of redundancies should amount to 3,000, reports the German paper Handelsblatt, referring to a letter from the Karstadt […]

The retail landscape in Hong Kong is not above political instability and the recent protest have seen a dive in sales for many luxury retailers as footfall has slowed and less visitors from mainland China are coming to shop. In the wake of the heightened political campaign, Italy's luxury retailers […]

Less than a week after rumours of Marco Zanini's pending departure from Schiaparelli began circulating, the couture house has confirmed his exit from the firm. Zanini, who used to design the ready-to-wear collection for fashion house Rochas before moving to Schiaparelli in September 2013, had said that […]

British online fashion retailer Asos is restructuring its international division following a number of executive departures which it says has nothing to with the changes being made. According to a report by Drapers, Gaele Wuilmet, Asos' head of operations in France and Matt Hiscock, the senior vice […]

French fashion house Balmain is to open its first London store on South Audley Street in Mayfair. The new site, which counts well over 2,000 square feet, was designed by French interior designer Joseph Dirand, who made a name for himself in fashion and luxury interior design. Dirand previously designed […]

Gap Inc. has ambitious plans for Asia. The US retailer group is opening its first Old Navy store in Shenzhen this weekend and another will follow in Beijing in December. Gap is also going for firsts, opening its first store in Guangzhou this Saturday, and another in Hsinchu in Taiwan later this month. […]

An increasing number of international fashion and lifestyle brands are deciding to go the online route when first opening a shop in India. British fashion brands River Island, Dorothy Perkins and Miss Selfridges are examples of this growing trend. India's huge consumer base is certainly part of the […]

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