You'd be hard pressed to find an item more representative of Brazil than Havaianas: those brand-name flip-flops adopted by just about every inhabitant, rich or poor, as well as tourists seduced by the beach vibe.
Previously, the German label only operated temporary showrooms in the French capital during ordering season, but brisk sales to French retailers and continual growth have prompted it notch up its presence in France.
New Bond Street has taken the top spot for the fastest growing prime retail location in the world and is now the second most expensive street for retailers after New York’s Fifth Avenue, according to a new report.
The president of the Spanish clothing company spoke before shareholders this morning, where he addressed the company’s evolution during the 2016 period and cited “sustainable growth” as essential to its survival.
The 4th largest U.S. bank does a lucrative business with store-branded credit cards. But with more stores in jeopardy, analysts say Citigroup will suffer from the growing problems in brick-and-mortar retail.