Hong Kong retail sales are expected to post their steepest fall on record in January at around 30%, while tourist arrivals in February fell to under 3,000 a day on average, from around 100,000 in January.
Laura Ashley issued an unexpected update on Monday along with a “response to press speculation”. The retailer said trading in the current financial year “has continued to be challenging” and it's in talks about funding.
Stockmann is forging ahead with its transformation plans and while the signature department store chain is loss-making and the market is tough, the firm is upbeat on its prospects and of those of the more buoyant Lindex.
Marimekko was in an upbeat mood Thursday as it delivered a “strong” set of results for the year ending December 31. It was boosted by a flourish in the final quarter on strong Holiday numbers and international traction.
Valentine’s Day is set to be worth just over £1 billion in revenue this year in Britain, a minimal 0.6% rise on last year and actually a fall if inflation is taken into account, GlobalData said on Wednesday.
The week has started with some good news for the under-pressure malls sector with the latest UK footfall report from Springboard being headlined 'The start on the road to recovery for shopping centres'.
It's been a bad year for Beales so far and it got worse on Friday with the mid-market department store chain set to close 12 shops – more than half of its total – as administrators continue to seek a buyer for the rest.
Clarity on Brexit and ongoing discounting combined to make consumers feel better about shopping last month. A report showed like-for-like sales in physical stores grew 5.7% during January and fashion rose even faster.