Nordstrom's new store, located a few blocks from Central Park, marks the 118-year-old company's first flagship offering in the nation's biggest retail market and aims to reboot a format that has been fading.
Just a week after it announced its new Clothing & Home chief, retail giant M&S has made another lynchpin hire with the creative director of Arcadia Group Retail, Anthony Cassidy, becoming head of brand creative.
The French label went into liquidation in July, and has been gradually dismantled. It may still rise from the ashes though, and a ruling on the bids for its trademark rights and archives will be made in mid-December.
Trouva, the online marketplace that specialises in offering hard-to-find pieces from a wide variety of retailers, has received an investment boost and plans to use the cash to fund its European expansion.
Physical stores expecting a Black Friday weekend boost might be disappointed with specialist tracking company Springboard predicting a 4.5% drop in footfall on the day itself and a 4.4% fall for the three-day weekend.
Value fashion retailer Bonmarché could continue to operate with a preferred bidder, Peacocks, being announced, although 30 stores are likely to close before Christmas and a deal still isn't guaranteed.
Clothes should be cherished, re-worn and even passed on to the next generation, Anna Wintour, the editor of Vogue magazine said, calling for more sustainability in the fashion world and less of a throwaway culture.
Private equity firm Catalyst Capital Group Inc on Wednesday made a competing offer for Hudson’s Bay Co that challenges the Canadian retailer’s deal with a consortium led by its executive chairman, Richard Baker.
Popular items such as apparel and accessories are likely to face a 15% tariff in a new round scheduled for Dec. 15, meaning prices could lift on these items and more ahead of the all-important holiday season.