As the retail industry continues on a dismal path, the secondhand market is on the rise—particularly in the area of clothing, footwear and accessories, which equates to about half of the resale market.
Canadian department store operator Hudson's Bay Co said on Friday it planned to invest around 400 million euros ($425 million) in Europe this year in a bid to grow its sales there by 20 percent over the next two years.
Mizzen + Main is the fourth brand in two weeks to receive an investment from L Catterton's Growth Fund. The performance-focused menswear brand will use the investment to expand its product offering and omni-channel.
The Canadian department store operator said it was looking at a "major reinvention" of its business operations and gave its strongest signal yet of a possible initial public offering of its real estate assets.
Upscale UK lifestyle brand The White Company will open its first physical store in the US in June with the opening of an international flagship at 155 Fifth Avenue, in the Flat Iron area of New York City.
Starboard Value LP, the activist hedge fund that had pressured Macy's Inc to separate its real estate from its retail business, has sold its stake in the U.S. department store operator, sources said on Wednesday.