With UK retailers currently issuing profit warnings at a rapid rate, it was encouraging to see one with good news on Monday. Shoe Zone issued an update saying trading in the year to September 29 was strong.
Sneaker start-up brand Allbirds may only be three-and-a-half years old but it has already garnered a total of $75 million in funding, after a fresh $50 million investment, lifting its company valuation to $1.4 billion.
The men's and women's footwear and accessories brand has chosen Lisbon's Príncipe Real neighbourhood for the location of its first store in Portugal, which opened with a party at the end of September.
Times are tough and they certainly seem to be so for Swedish retailer Kappahl. The company's full-year results presentation was headlined “a challenging year”, so you knew the news wasn’t going to be good.