We may be deep into the Christmas shopping season but John Lewis is struggling to generate notable sales growth with its latest weekly results showing an overall sales rise of just 0.1% to £151.9 million.
South Africa's Steinhoff is considering selling stakes worth a combined $1.4 billion (1.1 billion pounds) in local companies PSG Group and KAP Industrial to help plug a liquidity gap at the retailer, sources said.
Joules continues to go from strength to strength with the UK-based fashion retailer saying Tuesday that it has seen “further brand expansion across markets and channels” in the half-year to November 26.
Europe’s biggest property group has agreed to buy shopping mall owner Westfield for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to counter online shopping.
Women’s fashion clothing company eShakti, which focuses on the US and Canadian markets and also runs an Indian e-commerce unit Zapelle, has raised $2.3 million in debt funding from Mumbai-based BlackSoil Capital.
Shares in South African retailer Steinhoff jumped as much as 40% on Monday, regaining ground after calling on its lenders to help stabilise the company following the discovery of accounting irregularities last week.
German footwear company Birkenstock is ending its business relations with Amazon Europe and will discontinue direct deliveries provided by the platform’s European subsidiary from 1 January 2018, it announced on Monday.