South African fashion retailer Truworths International has created a chief operating officer position to boost retail sales growth at home and in the UK, where consumer spending remains under pressure.
Asda, the British supermarket arm of Walmart reported a 2.6 percent rise in quarterly underlying sales, showing its recovery was gaining speed ahead of an expected takeover by bigger rival Sainsbury’s.
Fendi has recruited four renowned top models -- Adwoa Aboah, Abbey Lee, and Gigi and Bella Hadid -- for its 2018-2019 fall-winter campaign, which highlights the Italian fashion house's knowhow and brand DNA.
The publicity around the untimely death of designer Kate Spade drew shoppers back to the handbag brand this summer, driving a 31 percent jump in fourth-quarter sales for its new owner Tapestry on Tuesday.
PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the loss-making UK retailer was sold for a token one pound in 2015, ahead of its collapse a year later.
A British parliamentary committee has asked billionaire Philip Green to "prove" why he thought retailer BHS could stay in business before it was sold in 2015 for a token one pound, before collapsing a year later.