UK

Report: Selfridges Seeks $5.5B Sale as UK Department Stores Continue to Struggle

Selfridges’ owners have launched a formal auction to sell the department store chain, which has been valued as high as £4 billion…

Gap to Close all 81 UK Stores, Seek Franchise Partners for Other European Markets

Gap will be shuttering all 81 of its stores in the UK and Ireland by the end of September 2021 as part…

Amazon Reportedly Planning First ‘Go’ Store In UK

Amazon has opened seven cashierless Amazon Go stores across the U.S., and now the company is reportedly planning its first store across…

Staples Sells Majority Stake In European Business

Staples is selling a controlling interest in its European operations to an affiliate of private investment firm Cerberus Capital Management for $53.6…

House Of Fraser CEO Joins List Of Departing Executives

House of Fraser CEO Nigel Oddy has resigned from his position at the UK department store after less than two years. According…

American Apparel Places UK Stores In Third-Party Administration

In another troubling turn for the retailer-for-sale, American Apparel has placed its 13 UK stores in administration, a process in which a…

47% Of UK Retailers Expect Higher Holiday E-Commerce Sales

This year, UK retailers are expecting consumers to virtually fill their stockings more than ever before: 47% anticipate an increase in online…

Banana Republic Makes Its ‘Brexit.’ Will More Fashion Brands Follow?

Staples isn’t the only retailer experiencing brick-and-mortar malaise in the UK. Gap will shutter all eight of its UK Banana Republic stores…

Brexit’s Potential Impact On Retailers

Amid speculation around how the European Union might punish the UK for voting to secede in the monumental June 23 Brexit vote,…

American Express Named Top Finance Brand For Mobile Experiences

American Express was voted the best financial services brand for mobile experiences, according to Future of Finance, a report from digital experience…