Swedish fashion chain H&M has announced it is to close six stores in Spain in the first half of the year to adapt to changes in the market. The company said it will try to relocate affected staff to other stores.
Amazon could build a stake of almost a third in warehouse robotics firm Balyo in the next seven years, underlining the importance of warehouse automation to efforts by Amazon to cut costs and speed up deliveries.
Missguided said in its latest set of results that it’s focusing heavily on its core e-tail offer to boost its profits, and evidence of this has come fast with news that the company has added pay-later tech to its app.
A New Year’s Resolution Report conducted by fashion resale marketplace Thredup has found that one in four women is planning to quit fast fashion in 2019, a movement led predominantly by younger consumers.
While the Christmas shopping season is generally acknowledged to have been a weak one for UK stores, it hasn’t been quite as bad as some expected and sector stars like Selfridges managed to turn it into a triumph.