In shock news, Tesco said it is to close its Tesco Direct non-food webstore, which sells clothing, homewares, furniture, electricals, toys, health & beauty and more, after conducting a review of the lossmaking business.
About 11 million Chinese tourists are expected to come to Thailand this year, up from just over 1 million in 2010, making China the biggest source of tourism, boosting spending at retailers and cosmetics makers.
Just after opening its new permanent LA store, Glossier has been sued in NY by a visually impaired customer claiming the cult digital-first brand's website is not accessible under the Americans with Disabilities Act.
CVAs are ‘the new black’ in the UK this year but it seems that while House of Fraser is-on trend in this respect, it might struggle to get its CVA through as landlords prove uniquely resistant to its plans.
Luxury concept store The Shop at Bluebird has opened its much-anticipated new flagship location with a debut on London’s Floral Street, just down the road from the street’s most famous tenant, Paul Smith.
The Beales department stores chain is proving that smaller multi-category retailers can still do well, despite the woes being suffered by larger peers, as it talks to Palmers about a takeover of the two-store firm
The Japanese cosmetics manufacturer more than doubled its net profit in the first quarter of 2018, driven primarily by Chinese customers, and hopes to continue the positive momentum throughout the year.
Q1 wasn't an undiluted triumph for Yoox Net-A-Porter as the off-price business proved a little slow. But full-price Net-A-Porter and designer e-stores powered ahead, even though exchange rates had a negative effect.