French leather goods brand Longchamp has won a retail space of 95 square metres in the heart of Milan’s famous shopping centre, the Galleria Vittorio Emanuele II. The space was previously occupied by Stefanel.
British department store Debenhams has opened two new locations in its biggest international region, the Middle East. The franchise openings take the retailer's presence to eight countries in the region.
Signet shares dropped over 22% after larger than expected declines in its legacy lines and reduced traffic during key December gifting weeks, leading company execs to suggest store closings and a reassessment of product.
The world’s largest retailer of diamond jewelry has signed onto De Beers’ pilot program for diamond blockchain Tracr, the first retailer to join a growing number of big diamond industry names trialling the platform.
Malls have spent a reported $8 billion on renovations to distance themselves from traditional retail outlets. Trends include renaming properties, and adding entertainment and residential features for secondary use.