The volume of Black Friday payment transactions in Britain as of 10 a.m. was up 12.5% versus last year, initial data showed on Friday, bringing some cheer to UK retailers in need of a tonic after a troubled year.
The latest player to enter the rapidly developing fashion rental market is Swedish fast fashion giant H&M, with a deft high street collection of archival evening wear, in a concept store that opens this Friday.
Nordstrom's new store, located a few blocks from Central Park, marks the 118-year-old company's first flagship offering in the nation's biggest retail market and aims to reboot a format that has been fading.
Just a week after it announced its new Clothing & Home chief, retail giant M&S has made another lynchpin hire with the creative director of Arcadia Group Retail, Anthony Cassidy, becoming head of brand creative.
The label will remove all products from shelves at its London flagship store on Black Friday in a decision against discount-driven impulse shopping. The store will host a series of creative workshops with local partners.
Trouva, the online marketplace that specialises in offering hard-to-find pieces from a wide variety of retailers, has received an investment boost and plans to use the cash to fund its European expansion.
Physical stores expecting a Black Friday weekend boost might be disappointed with specialist tracking company Springboard predicting a 4.5% drop in footfall on the day itself and a 4.4% fall for the three-day weekend.
Private equity firm Catalyst Capital Group Inc on Wednesday made a competing offer for Hudson’s Bay Co that challenges the Canadian retailer’s deal with a consortium led by its executive chairman, Richard Baker.