stores news and archive

Inditex to sell 16 Zara stores in Spain following online boom

London - Spanish apparel conglomerate Inditex is selling 16 Zara stores in Iberia, as online shopping continues to grow in Spain. Inditex, the world's largest apparel retailer, is reportedly asking 400 million euros (472 million USD, 353 million pounds) for the stores under a 20 -year sale and leaseback deal. This agreement would give the buyer...

Retail

New Look chief executive reveals plans for men's wear push

High street fashion chain New Look is not satisfied with being one of the largest women's wear retailers and aims to take a larger slice of the men's wear pie/market as well. Following the appointment of Christopher Englinder as global director of men's wear from rival fashion chain H&M, New Look is planning big push into men's wear this year....

Retail

Debenhams aims to re-open two stores in India

British department store group Debenhams, which previously shuttered all of its franchised stores in India, has now revealed plans to re-open two stores in South Mumbai and South Delhi, as part of its plan to rework its retail strategy within the country. The group also announced plans to turn its focus to e-commerce sales, with the department...

RetailFeatured

Forever 21 to open 50 European stores in largest expansion to date

Fashion teen retailer Forever 21 has its sights on European market domination, as the retailer revealed plans to open 50 new stores in major cities over the next three years, including France, Germany, Portugal, The Netherlands, Italy, Poland, the Czech Republic and the UK. The fast-fashion retailer aims to open stores between 16,000 and 21,500...

Fashion

Christmas Day Shopping Banned

Large stores in England and Wales will be banned from opening on Christmas Day after a private members bill won parliamentary backing. The Christmas Day (Trading) Bill, now just needs to jump the formal hurdle of Royal Assent to become law. It won cross-party and government backing after being sponsored by Labour MP Kevan Jones. While few UK...