Shoppers splurged more than $1.52 billion online by Thanksgiving evening, up 16.8% over last year, and more bargain hunters turned up at stores this year as retailers opened their doors early on the eve of Black Friday.
The Japanese label is readying its first European store for a December opening in Paris. Bape (aka A Bathing Ape) will move into a space on 34 rue de la Verrerie, next to the BHV Homme department store.
Two major pieces of news this week have underlined the challenges facing Australian retail as Amazon makes its official debut and the owner of Australian fashion chains Katies, Millers and Rivers is to close 300 stores.
Harrods is planning a major makeover of its London flagship with the work being the biggest in its history. It’s spending £200m on the store and its website to widen its already-strong appeal to global shoppers.
Amazon.com's Australian arm began an order-taking trial on Thursday, giving life to the hype which has preceded its launch in the world's No. 12 economy and weighed on the shares of the brick-and-mortar retail sector.
The consumer backdrop may be challenging but Mothercare said its transformation is progressing as it sharpens its product focus and makes the most of omnichannel opportunities. But it remains lossmaking.
Quiz Clothing could afford to feel at least a little smug this week as the fast fashion retailer turned in yet another set of stellar results reflecting “strong growth across all channels as the brand gains momentum”.