Tiffany & Co. will debut its Paper Flowers collection on Alibaba's Tmall two weeks before the line becomes available at Tiffany's stores. The launch is part of the US-based luxury jeweler's effort to court China's millennials, a group known for big spending.
J.C. Penney and brand ambassador Shaquille O'Neal have teamed on a new big-and-tall men's fashion line called Shaquille O'Neal XLG, set to debut at 350 stores next month. The retailer is already a leading department store for big-and-tall men, a category that comprises about 10% of total men's fashion sales, according to NPD Group.
Macy's will hold its first "watch drop" of limited-edition watches on Sept. 5, with one to four new or reissued styles being released on successive Wednesdays through Oct. 24, and on two Wednesdays in November. The luxury timepieces from brands including Tag Heuer, Citizen and Bulova will range in price from $220 to $2,550.
UK-based luxury online marketplace Farfetch plans to go public with an initial stock offering on the New York Stock Exchange, according to documents filed Monday. Farfetch, which acts as a middleman for 375 brands and 614 global boutiques, booked $268 million in revenue in the first six months of this year.
Hyundai Department Store Group has teamed with Amazon to create a South Korean version of the checkout-free Amazon Go store. The partnership comes on the heels of the opening of South Korean supermarket operator E-Mart Everyday's first cashier-less store in Seoul.
Eileen Fisher has created a new retail concept in Brooklyn, N.Y., called Making Space, which combines fashion retail with space for community gatherings including gallery shows, workshops and movie screenings. The in-store experience will also include a rotating roster of artists-in-residence starting with Cara Marie Piazza, who uses dyes to turn old pieces into one-of-a-kind fashions.
US retail employment is growing faster than federal data show because Labor Department reports don't account for hiring in fulfillment centers, corporate headquarters, retail call centers and other non-store operations, NRF President and CEO Matthew Shay said. Retail has added more than 65,000 jobs in the past year and employment levels are now higher than before the recession, according to NRF.
UK-based Homebase has closed 17 stores this year and plans to shut 42 more as it plans to enter a Company Voluntary Arrangement, according to Hilco, a restructuring firm that acquired Homebase earlier this year. The home improvement retailer operates 241 locations.
Digital payments companies are going head-to-head as they vie for business in Hong Kong's tight retail sector. Alibaba and Tencent are introducing their payment platforms to a market dominated by cash and credit cards, going up against payment players including Samsung, Apple and Google.
British department store House of Fraser, which was acquired by Sports Direct International, has canceled online purchases and taken down its e-commerce site. Supplier XPO Logistics is owed £30 million, documents show, so it has closed two warehouses it uses for the retailer's deliveries.
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