French luxury shoe designer Robert Clergerie's footwear fashions won over celebrities including Bianca Jagger and Madonna during the disco days of the 1980s, and today, the styles are once again hot with stars such as Rihanna. Clergerie launched his company in 1978, sold most of it in 1995, repurchased it in 2005 and retired permanently in 2012.
UK-based electronics retailer Dixons Carphone will streamline its mobile phone business after booking a dip in sales and profits for the division, the company said. However, Dixons, which operates PC World, Currys and Carphone Warehouse stores, reported a 7% rise in same-store sales for its electronics businesses.
Frank Lowy, chairman of Westfield Corp., and his co-CEO sons, who signed a deal to sell the Australia-based mall operator to Unibail-Rodamco, will turn its data-driven division into a standalone business. US-based OneMarket will use data to connect shopping centres, stores, brands and shoppers.
British retail sales rose 1.1% in November from the previous month and 1.6% compared to the same month last year, according to the Office for National Statistics. Black Friday deals spurred shoppers into action in stores and online, driving an increase in sales of appliances, household goods and apparel.
Myntra aims to take its online beauty retail business into the brick-and-mortar realm, with the launch of new multi-brand stores in India, sources said. Myntra's site sells products from upwards of 100 beauty brands, including Bobbi Brown and MAC.
UK online grocer Ocado Group saw sales growth slow in the most recent quarter amid a struggle to find enough drivers to fulfill orders, the company said. The number of workers entering the UK from other European Union countries has dropped drastically as Britain prepares to exit the EU.
The NRF Foundation has announced this year's finalists for its Next Generation Scholarship and its annual Student Challenge. The top recipients of both scholarships programs will be announced on stage at the NRF Foundation Gala during NRF 2018: Retail's Big Show. See the finalists here.
Walmart will offer its 1.5 million US employees financial planning tools that will let them access part of their pay before payday, in an effort to help them avoid payday loans and bounced checks when unexpected expenses crop up. Employees will be able to access the Instapay tool eight times per year for free.
US retail sales rose a higher-than-expected 0.8% in November from the previous month, as holiday shoppers got off to a strong start, according to Commerce Department data released Thursday. Sales at electronics and appliance stores rose 2.1%, and spending was up across the board, from furniture and home improvement retailers to clothing and sporting goods stores.
NRF President and CEO Matthew Shay has landed on LinkedIn's list of this year's Top Voices in retail for his articles on industry and economic trends. LinkedIn contributors on the list covered a range of topical issues this year, from the evolving face of brick-and-mortar retail to the ways Amazon and Walmart are driving industry change.
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