Navigating sanctions on Russia requires ‘constant vigilance and flexibility’ from brands and retailers. Here's what you need to know.
Selfridges’ sale for a lofty $5.4 billion suggests there is still life in the department store model. But how to grow in a shrinking category?
Thailand’s Central Group has partnered with Austria’s Signa Holding to acquire Selfridges in one of the UK’s biggest retail deals in years.
The statement leaves open the possibility that an entity associated with parent company Central Group, Thailand’s largest retail conglomerate, could still acquire the UK department store chain.
Fashion may be preparing for a future in the metaverse, but retailers still need to attend to today’s business of selling to physical customers, often in physical stores.
Retailers must create radical value, not just for consumers, but for brands.
Selfridges has attracted a bid from a potential buyer at a $5.7 billion valuation, the latest indication that the department store’s big bet on physical retail is paying off. But after a bruising pandemic year, the British chain could struggle to rebound amid a continued collapse in international tourism and a shift to online sales.
The British department store is expanding a service it first introduced in-store last year in partnership with rental platform HURR Collective.
The UK department store chain’s “Rewiring Space” opened at its Oxford Street location on December 3, as strict lockdown measures were lifted in London.
LONDON, United Kingdom — At Selfridges' flagship location situated on London's Oxford Street, one of the world's busiest and most populist shopping
Despite rising Covid-19 cases, smaller labels in the British capital are betting that in-person shows and appointments will help to deliver much-needed orders from wholesale buyers.
After weathering the initial shock of the coronavirus crisis, many fashion companies have started to publish their sustainability goals for the next five to 10 years. But these initiatives risk falling short of an industry-wide imperative to drastically reduce environmental impact within the next decade.