J.C. Penny CEO Jill Soltau is attempting to restore Penney’s roots as a retailer of mid-priced apparel for middle-class families, as she reduces inventory at stores to boost margins and closes underperforming outlets.
H&M’s young fashion brand Monki has plans to open its first store in Yorkshire in November ahead of the busy Christmas period. This will be the brand's ninth location in the UK and fifth outside of London.
J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.
H&M’s sales grew as expected in the three months to May 31, its second quarter, with an impressive 11%. In local currencies that was ‘only’ a 6% rise, but in the current retail environment, that’s a strong result.
The biggest beauty names are in a race to snap up the most dynamic brands globally and Anglo-Dutch consumer-products giant Unilever is one of the most active names, its latest big buy being J-Beauty brand Tatcha.