London - Spanish apparel conglomerate Inditex is selling 16 Zara stores in Iberia, as online shopping continues to grow in Spain. Inditex, the world's largest apparel retailer, is reportedly asking 400 million euros (472 million USD, 353 million pounds) for the stores under a 20 -year sale and leaseback deal. This agreement would give the buyer...
Dec 13, 2017
London - Earlier this week saw US apparel brand Gap announced plans to close a quarter of its existing stores as part of a cost-saving scheme, but fans of the brand in the UK can rest assured as the store closure scheme will not be rolled out to the UK. Gap aims to shut 175 stores across North America over the next few years and aims to close a...
Jun 18, 2015
Fashion teen retailer Forever 21 has its sights on European market domination, as the retailer revealed plans to open 50 new stores in major cities over the next three years, including France, Germany, Portugal, The Netherlands, Italy, Poland, the Czech Republic and the UK. The fast-fashion retailer aims to open stores between 16,000 and 21,500...
Jan 9, 2015