European Retail Correspondent, Zurich
Emma's Feed
Oct 16, 2014
Oct 16, 2014
Oct 15, 2014
Oct 15, 2014

Analysis: Department stores fight back from online challenge

PARIS (Reuters) – Department stores are starting to enjoy a renaissance after finding ways to attract a new generation of consumers in an age of global fashion chains and online shopping.

Retail consultancy Verdict predicts the global sector should return to growth in 2014 and expand by 22 percent to about $450 billion by 2019. The recovery will be driven by expansion in emerging markets, with China set to account for 30 percent of total spend five years from now.

Oct 15, 2014

Department stores fight back from online challenge

PARIS, Oct 15 (Reuters) – Department stores are starting to
enjoy a renaissance after finding ways to attract a new
generation of consumers in an age of global fashion chains and
online shopping.

Retail consultancy Verdict predicts the global sector should
return to growth in 2014 and expand by 22 percent to about $450
billion by 2019. The recovery will be driven by expansion in
emerging markets, with China set to account for 30 percent of
total spend five years from now.

Oct 15, 2014
Oct 14, 2014
Oct 14, 2014

Widespread safety issues identified at Bangladesh clothing factories

BERLIN, Oct 14 (Reuters) – Inspectors hired by a group of
Western clothing brands have found safety problems at all the
Bangladesh factories they visited as part of an initiative
launched after a building collapse last year killed more than
1,100 workers.

The Accord for Fire and Building Safety in Bangladesh is
seeking remedial action after identifying more than 80,000
safety issues, while the country’s $22 billion garment industry
grapples with slowing export growth as buyers turn to India,
Myanmar, Vietnam and Cambodia because of concerns over workshop
safety, higher wages and political instability.

Oct 13, 2014
Oct 8, 2014