It wasn’t a wipe-out, but it also wasn’t brilliant news either as the UK’s statistics body reported December retail sales figures on Friday with just a 1.4% volume increase year-on-year. Online was the star of the show.
E-sales surged at UK value fashion retailer Bonmarché in the 13 weeks to December 30. But that was the best news in its trading update on Friday as the year ended on a pretty bleak note with falling store sales.
Japanese online marketplace Mercari is planning to go public in June, according to local media reports on Friday. The app-based e-tailer sells domestically, in the US and the UK, and will use funds to expand globally.
Slated for Tranoï, which debuts this Friday, Arche - known for its shoes sprinkled in colour - will celebrate 50 years with a new pop-up store that will travel across four capitals, reflecting its international acclaim.
The Italian fashion group acquired by English asset management firm Attestor Capital last year has confirmed the appointment of Cristiano Portas as its CEO. He brings 16 years of experience leading swimwear brand Arena.