Whilst a plan to close 100 of its stores by 2022 is underway in the UK, the retailer has agreed terms to open its first high street store in Spain in a move that represents a change of strategy for the company.
Fast Retailing is taking steps to become more transparent by publishing a list of Uniqlo and GU’s core fabric mills and factories. In total, the documents feature almost 300 mills and sewing factories.
The British government should levy a tax on retailers with online sales accounting for more than 20 percent of revenue to save traditional shopping districts, the boss of Sports Direct told lawmakers on Monday.
A report has suggested Arcadia is looking to close around a third of its 500 leased UK stores, joining the wave of UK retailers trying to downsize their store estate as online shopping continues to soar.
British retail sales growth unexpectedly slowed to a six-month low last month, as shoppers held off winter clothing purchases due to mild weather and cut back on other goods after a heavy-spending summer.