Analysts are gloomy about Debenhams' prospects after a downward spiral of markdowns hurt Christmas season profits. And speculation about faster job cuts and store closures has followed its trading update.
The importance of Selfridges as a shopping destination, and London as a focus for global shoppers, has been underlined as Decorté says it will debut key products through the store before its core Asian market.
A last-minute surge in high street shopping in the week leading up to Christmas wasn't enough to rescue December trading. That’s the message from the latest BDO UK high street sales tracker that was released on Friday.
Australian surfwear seller Billabong International Ltd agreed to a buyout from its top shareholder and major lender Oaktree through its Boardriders unit Friday, in a deal valuing the company at about A$197.7m ($155m).
The US luxury department store is reportedly on the hunt to replace Karen Katz as CEO, sources close to the matter told local media on Thursday. Neiman Marcus declined to comment further on the rumour.