The top shareholder of Australia’s Myer Holdings Ltd said on Tuesday the department store operator’s turnaround strategy was failing and excoriated the board for refusing to meet him to discuss ways to save the company.
Whole Foods Market met a new foe this summer during talks to lease a top retail space in a San Francisco mall: the Target next door. As City Centre mall’s largest tenant, Target had a say over changes to the property.
Amazon is delivering a direct blow to Etsy with the announcement of its Handmade Gift Shop. Serving as a separate storefront, it stocks thousands of handcrafted items for special celebrations and milestones.
London trade show Pure has promoted Julie Driscoll to the role of managing director. She will drive the next step in Pure’s evolution as the event unveils a new campaign and website for its February show.
The news that Topshop has closed its four stores in Spain adds further pressure to the once-unstoppable fast fashion chain after the company’s franchised businesses in Australia and New Zealand failed earlier this year.
The British Fashion Council has announced the names of 45 finalists for The Fashion Awards 2017; with five finalists in each category, and few major surprises – with many creators nominated for a second time.
Debenhams CEO Sergio Bucher is planning to bring more ‘excitement’ into its stores by reducing clutter on the shop floor, as the company faces backlash for reportedly asking for unreasonable supplier discounts.