Zara Billionaire Owner Ortega Buys $550 Million Chicago Tower
Pontegadea Inversiones SL acquired the 51-story One North Wacker in the city’s business district in one of the biggest US office deals this year.

Online retailers like Boohoo, which currently has shares at an all-time high, are growing fast — often at the expense of traditional shopping outlets and big-name retailers on the high street.

Same-store sales at the retailer rose only 2 percent, falling short of analyst expectations and sending shares down as much as 14 percent in New York

The update follows the company's annual results that showed pretax profit collapsed to just $245,540 from £8.5 million a year earlier.

The 135-year-old high-street retailer has been in the blue-chip index since its launch in 1984 but has lost investors' faith after a decade of failed reinventions and three years of profit falls.

The departures came shortly before reports that Green is preparing to separate the group’s brands, which include Topshop, Dorothy Perkins and Miss Selfridge, in preparation to sell some off.

'All American' used to be an easy sell. Today, it’s an albatross.

'The job is more suitable for a woman,' Yanai, the chief executive officer behind clothing giant Uniqlo, said in an interview.

The luxury retailer is in the process of naming a successor, but Orvos will remain at the company until October 11.

The owners behind the 3 million-square-foot shopping and entertainment complex hope to beat the United States' dire retail outlook with its unique offering and relative proximity to Manhattan.

Countless labels see e-commerce as an alternative to faltering department stores. Here’s how the ex-J.Crew designer built a fashion brand for the digital age.

The statement from the fast-fashion retailer comes as multinational businesses are increasingly ensnared in the volatility of Hong Kong's situation.

The 135-year-old retailer's shares have lost about 40 percent of their value since January 2018 due to tough competition — particularly online — in the food and clothing space.
Pontegadea Inversiones SL acquired the 51-story One North Wacker in the city’s business district in one of the biggest US office deals this year.
Independent creatives can apply to utilise pop-up spaces at Light House to sell merchandise and meet with clientele.
The ultra-fast fashion company said sales had been bolstered by marketing partnerships with music festivals, a pop-up shop on London’s Oxford Street and local Christmas gift events.
The departure of Athleta’s CEO for Lululemon is a chance to ‘reimagine the brand’s path forward,’ Gap Inc. CEO Richard Dickson wrote in an internal memo viewed by Bloomberg.
The department store’s Leeds and Bristol outlets will be converted to the Flannels brand in a shake-up under Mike Ashley’s Frasers Group, which purchased the chain when it was put into administration in mid-August.
Maggie Gauger is joining Lululemon as chief product officer as new CEO Heidi O’Neill looks to revive sales.
The company lost out in its third quarter because of a decision to market baggy jeans over low rise, but still raised its sales outlook for the year.
The Uniqlo owner hit a new record annual profit for the fifth year in a row, boosted by strong results in all regions.