Sweden-based fast-fashion retailer Hennes & Mauritz will close some stores and slow plans to open new locations, the retailer said. The retailer, which booked a surprise dip in sales in the most recent quarter, also plans to start selling H&M branded fashions online in China via Alibaba Group's Tmall.
Sears will sell its DieHard brand auto batteries and tires on Amazon, in an expanded partnership with the e-commerce company. Sears started selling its Kenmore appliances on Amazon earlier this year and rolled out a feature that lets appliance owners control their devices with voice commands via Amazon's Alexa.
Creditor Crescent Capital Group has taken control of shoe brand Rockport and will explore options including a possible sale of the company, sources said. Rockport sells its men's and women's shoes at its branded stores and online, and through department stores and specialty retailers.
French luxury shoe designer Robert Clergerie's footwear fashions won over celebrities including Bianca Jagger and Madonna during the disco days of the 1980s, and today, the styles are once again hot with stars such as Rihanna. Clergerie launched his company in 1978, sold most of it in 1995, repurchased it in 2005 and retired permanently in 2012.
Small labels, exclusive lines and improved customer service are some trends fashion and retail insiders expect to see grow in 2018. "In today's environment, we are really in the entertainment business, and as retailers, we need to entertain and capture our clients' attention," said Marina Larroude, Barneys' fashion director.
UK-based electronics retailer Dixons Carphone will streamline its mobile phone business after booking a dip in sales and profits for the division, the company said. However, Dixons, which operates PC World, Currys and Carphone Warehouse stores, reported a 7% rise in same-store sales for its electronics businesses.
Frank Lowy, chairman of Westfield Corp., and his co-CEO sons, who signed a deal to sell the Australia-based mall operator to Unibail-Rodamco, will turn its data-driven division into a standalone business. US-based OneMarket will use data to connect shopping centres, stores, brands and shoppers.
British retail sales rose 1.1% in November from the previous month and 1.6% compared to the same month last year, according to the Office for National Statistics. Black Friday deals spurred shoppers into action in stores and online, driving an increase in sales of appliances, household goods and apparel.
Myntra aims to take its online beauty retail business into the brick-and-mortar realm, with the launch of new multi-brand stores in India, sources said. Myntra's site sells products from upwards of 100 beauty brands, including Bobbi Brown and MAC.
UK online grocer Ocado Group saw sales growth slow in the most recent quarter amid a struggle to find enough drivers to fulfill orders, the company said. The number of workers entering the UK from other European Union countries has dropped drastically as Britain prepares to exit the EU.
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