Abercrombie & Fitch Co opened its new signature brand store, including abercrombie kids, in Westfield London on Friday. The new flagship is at Europe's largest shopping destination that draws in 30m visitors a year.
Outlet malls are continuing to show their resilience across Europe as consumers flock to them and they attract top quality tenants. And London Designer Outlet has announced that Puma will open a 2,365 sq ft store there.
Mintel expects a "respectable" sales increase for UK stores in December, despite the ongoing shopping shift to Black Friday. And while electricals will be a big focus, fashion and beauty are also key for festive spend.
Macy’s Inc cut its annual profit forecast for the second time this year on Thursday, blaming weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years.
Private equity firm Catalyst Capital Group Inc is seeking financing for a bid for Saks Fifth Avenue owner Hudson’s Bay Co that would top a C$1.9 billion ($1.4 billion) deal the retailer reached last month.