Primark management is to pay the heavy price of countering rising costs with 400 retail bosses set to lose their jobs in the UK, as the retailer is having to offset the high costs of Covid and a squeezed supply chain.
A buyer is being sought for the prime retail location in Aberdeen city centre formerly occupied by John Lewis. Real estate advisor Savills has been appointed to fill the 200,000 sq ft, four-storey space.
With outlet centres continuing to be one of the most buoyant retail destination types, it’s interesting that Sweden’s TORG International has forged an alliance with leading UK outlet developer Rioja Estates.
The world's premier menswear show ended on Thursday evening with a positive outcome, welcoming 4,900 buyers in total, more than double the attendance of the June session, and auguring well for the rest of the season.
The Première Vision New York show will be held again at Center415 on Fifth Avenue on January 18-19. It isn’t yet a return to normalcy, though foreign buyers will be able to attend following the US borders’ reopening.
They may be letting unvaccinated tennis players into Australia, but here at Pitti Uomo 101 in Florence, Covid passes are obligatory, each entrant is temperature checked, and everyone wears a PPF8 masks.