Amazon.com Inc, the online juggernaut whose rapid expansion helped derail many a brick-and-mortar retail chain, may soon open its first physical store, at a prime site in Midtown Manhattan.
Gap Inc. Chief Executive Officer Glenn Murphy will leave the clothing retailer next year, passing the reins to one of his lieutenants, Art Peck.
Already the world’s biggest duty-free market, South Korea said on Wednesday it will issue more licenses for downtown duty-free shops, doubling down on a strategy that has helped it outstrip regional rivals seeking to reel in shopaholic Chinese tourists.
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BoF compiles the most important professional moves of the week.
Fast-fashion purveyor Forever 21 and makeup retailer Sephora are helping drive expansion plans at Iguatemi Empresa de Shopping Centers SA, the Brazilian mall company with the best sales over the past year.
Victorinox will open a 220 square-meter (2,370 square-foot) store tomorrow on Bahnhofstrasse, Zurich’s main shopping street, coinciding with this year’s 130th anniversary. Rubbing shoulders with Cartier and Apple boutiques, the opening ends the family- owned company’s eight-year search for the location.