Struggling British department store group Debenhams on Thursday named turnaround specialist Stefaan Vansteenkiste as its new chief executive, promoting him from the chief restructuring officer role he took on in April.
A boycott on Japanese goods in South Korea has had an impact on casual clothing chain Uniqlo’s sales in the country, highlighting the widening economic hit from a diplomatic row over Tokyo’s wartime role.
The South African designer Palesa Mokubung, who launched her own brand Mantsho in 2004, has designed a line of womenswear for H&M featuring fluid tailoring and vibrant prints that will be on sale from August 15.
Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion (£2.3 billion).
Requests from successful retailers for rent reductions could fall on deaf ears as far as shopping malls giant Intu is concerned. Its CEO said it won't bow to demands to cut rents as businesses seek a level playing field.