A casualty of Hammerson's change of direction (as well as the weak market for bricks and mortar stores) is the mall giant's plan for a massive expansion at Brent Cross that has now been indefinitely deferred.
The Milan-based shopping destination is set to open its first ever US location at NYC’s Seaport District, bringing its unique blend of fashion, art and cuisine to the historic waterfront neighbourhood in September 2018.
Kin continued to drive John Lewis womenswear sales up in the last seven days as the firm's own label proved a popular pick for customers and underlined the wisdom of its new strategy that is very focused on own-brands.
Hammerson announced it is trimming its exposure to department stores and high street fashion retailers in a strategy update unveiled on Tuesday, as pre-tax profits plunged by 80% in the first half of the year.
Press reports that Debenhams faces a virtual vote of no-confidence as a beauty service that it recently touted as one of its big new attractions seeks an exit strategy and a new investor have been denied by both firms.
UK heritage fashion brand Ben Sherman is focusing its attention back on the US market and is to open a pop-up store in Soho, New York in time for the autumn and Holiday shopping seasons complete with in-store live music.
Harvey Nichols has scored another coup with the luxury retailer set to partner exclusively with Marc Jacobs Beauty from October in a deal to sell the brand in all eight UK and Ireland stores, and at harveynichols.com.