for delivering fashion and style in a sophisticated shopping environment. This process is almost
complete but will inevitably require periodical updating and alignment with market needs and trends. Smartwear continues to be in demand and growth in this area is again being targeted.
Lewis investor battle escalates
26/07/2016 - 10:27
THE battle between shareholder activist Dave Woollam and the directors of Lewis Stores escalated this past week, with the lodging of papers at the High Court in Cape Town on Wednesday that could see the minority shareholder have the directors declared delinquent.
G-III to Acquire Donna Karan International
26/07/2016 - 09:36
NEW YORK & PARIS–(BUSINESS WIRE)–G-III Apparel Group, Ltd. (NASDAQ:GIII), a leading designer, manufacturer and marketer of branded apparel and accessories, and LVMH Moët Hennessy Louis Vuitton (LVMH.PA), the world’s leading high quality products group, today announced that they have entered into a definitive agreement under which G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands and owned by LVMH, in a transaction with an enterprise value of $650 million, subject to customary adjustments at closing. The transaction is expected to close in late 2016 or early 2017.
Starbucks adds retail group to oversee new store concepts
26/07/2016 - 09:10
New store formats loom large in Starbucks Corp.’s long-term strategy.
Why retailers still struggle with omnichannel—and how they can conquer the challenge
25/07/2016 - 15:49
Retailers are scrambling to keep up with customers’ omnichannel expectations and demands, blaming both the quality and quantity of the shopper data at their fingertips. It’s time for a new approach.
Bad weather knocks UK retail sales
25/07/2016 - 15:05
LONDON — British retail sales suffered their sharpest monthly fall in six months in June but stores said that bad weather rather than Brexit was to blame, leaving open the question of how big a hit the vote to leave the EU will deal to the economy.