Retailer Marks & Spencer is expected to post an improving sales trend for its first quarter, but its trading update will be overshadowed by a growing row over the future of executive chairman Stuart Rose.
LakeWest Group, an independent management consulting firm to retailers, filed for bankruptcy on Friday 26 June, according to court documents, becoming the latest player caught in the declining wave of consumer spending.
Although the USA, Canada and the five largest European countries represent the biggest sportswear markets, the Russian market for sports shoes is the most prosperous, according to a report from the NPD Group.
One boutique in Paris, one in Dubai that opened in February, two in Los Angeles and now a shop-in-shop at Harrods. Catherine Malandrino’s retail network has grown seemingly in the blink of an eye over the last two years, proving that there was room to succeed with sensual, city-dwelling designs.
Rain and cooler-than-usual weather so far in June may have dampened demand for summer items such as sandals, swimwear and beer for retailers already hard put to counter sales declines during the recession.