About 821,000 workers will be hired for retail seasonal jobs this year, up 11 percent from a year ago and the highest since records were started in 1990, estimates Michael Niemira, founder of economic forecasting firm The Retail Economist LLC.
Zalando SE traded above its initial public offering price for the first time since last month’s stock market debut after Europe’s largest online fashion retailer forecast it will end the year “slightly profitable.”
Halloween and Mother’s Day have become staples of the U.K. shopping calendar. Now Black Friday looks as though it may be the next big retail import from the United States.
Paris’s most-famous avenue, the Champs-Élysées, needs a facelift. That’s the verdict of building owners and retailers located on the street. They are now trying to convince the city of Paris that the avenue is ripe for refurbishment 20 years after its last renovation.
Tiffany & Co., the world’s second- largest luxury jewelry retailer, missed third-quarter profit estimates and cut its forecast after sales in Japan and other Asian markets slowed.
The Aviapark mall will open its doors, just as Russia is headed toward recession and its businesses are contending with international sanctions over the conflict in Ukraine.
Critics of Gap Inc.’s Old Navy won concessions from the clothing chain after complaining that they were overcharged for women’s plus-size jeans.
BoF compiles the most important professional moves of the week.
Gap Inc., the biggest U.S. apparel- focused retailer, cut its annual profit forecast as sales at its namesake brand continue to struggle.
Perry Ellis International Inc. on Thursday reported a loss of $437,000 in its fiscal third quarter. The results fell short of Wall Street expectations.
Gap Inc. incoming chief executive officer Art Peck is overhauling management at the ailing Banana Republic and Gap brands.