Gap may be exiting the UK market as far as company-operated shops are concerned, but it wants to make the most of the reopening in England. It will launch a kidswear pop-up in the Westfield London mall on April 12.
What had once seemed unthinkable is now not only happening but accelerating as failed UK retailers' giant spaces are transformed for new uses. And a spate of news on Monday showed the extent of the issue.
The owner of London’s Westfield shopping centres said on Wednesday it would massively trim down its US presence and complete a remaining €3.2 billion-worth of European asset disposals before the end of 2022.
Kurt geiger has filed its accounts for the year to February 2020 and reported a record performance, with sales up 3.7%. It said this was pleasing in light of the wider subdued retail trading environment pre-pandemic.
The size of debt that forced Arcadia into administration was revealed Wednesday: £750 million. However, the group’s administrator Deloitte warned the final figure was expected to be "materially higher”.
The menswear season in Paris boasts literally scores of nationalities, and plenty of designers who concentrate on wearable clothes with a twist, and a point of view. We look at four who summed up the impressive range.
Malls giant Unibail-Rodamco-Westfield has made big changes to its structure with a larger management board and a new group organisation “to bolster its agility in responding to challenges and prepare for the future”.