The redesigned Hennes & Mauritz flagship in Paris features clothing repair, customisation services and natural detergents as part of a push to add a fashionable flair to sustainability efforts. The 50,000-square-foot, six-floor store also includes children's apparel and a 4,000-square-foot home goods section.
UK department store Debenhams, which restated its profit forecast Tuesday, is considering selling Denmark-based Magasin du Nord, said CFO Matt Smith. The possible sale of the six-store chain that Debenhams acquired in 2009 for £12.3 million is part of the parent company's cost savings strategy.
Marks & Spencer could drop Per Una, a private-label fashion line that debuted in 2001, and other lines as the UK retailer formulates a strategy to stimulate non-food sales. Per Una was created in partnership with designer George Davies, who sold his interest to M&S in 2004 for £125 million.
Major internet companies Tencent Holdings and Alibaba Group Holding are joined in a war over mobile payments in China, where transactions totaled $15.4 trillion in 2017, according to iResearch. Alibaba has offered deep discounts to gain more Alipay users, while consumers' strong use of Tencent's WeChat has helped the app's payment option make huge strides.
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Amazon will create upwards of 1,000 new jobs in Ireland by 2020, taking its workforce there to more than 3,500, the company said. US-based firms including Apple, Facebook and Google employ about one in 10 workers in the country.
A warehouse run by Chinese e-commerce company JD.com is now operating a fulfillment centre that processes up to 200,000 orders daily with only four employees. The warehouse uses robots to move 16,000 packages each hour with an accuracy rate of 99.99%.
Buyers for retailers including Bergdorf Goodman and Selfridges found plenty to like at the Milan Fashion Week men's shows, including streetwear collections and styles that hark back to the trends of the 1980s and '90s. "From neutrals to rich spice hues to neon, it is the season of color," said Roopal Patel, fashion director at Saks Fifth Avenue.
After President Trump announced Monday that he is considering tariffs on an additional $200 billion in Chinese goods, NRF urged Congress to step in on trade policy, saying a trade war "threatens to sap the energy out of the strong US economy just as most Americans are starting to enjoy the benefits of historic tax reform." Learn more.
I rarely end up where I was intending to go, but often I end up somewhere that I needed to be.