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.

Despite plans to more than double its men’s business in the next five years, the athleticwear company has quietly closed its men’s standalone stores in New York City and Toronto.

The British luxury bag maker swung to an annual loss as it took a £3 million ($3.77 million) hit from the collapse of department store group House of Fraser.

The shareholder called on the Canadian department store operator to explore strategic alternatives and hire an independent investment bank to evaluate the value of its real estate and retail banners.

The fast-fashion label has struggled in recent years as its clothes fell out of favour with shoppers and amid heavy investments in online platforms.

In the age of access, the wholesale distribution model, which comes with inventory risk and high working-capital requirements, no longer makes a lot of sense.

Recession fears ebbed Friday as solid retail sales suggested consumer spending remains healthy, but investors still expect a Federal Reserve interest-rate cut in July after other recent figures showed slower job gains and low inflation.

Tensions incurred by the trade war have loomed as a potential risk for markets for more than two years.

The owner of Saks Fifth Avenue and Lord & Taylor said earlier this week it was evaluating a $1.3 billion go-private cash offer from its executive chairman and other shareholders.

Faced with the choice of accepting rent cuts or hunting for new retailers to fill hundreds of stores, UK mall owners are swallowing their medicine.

Lululemon's total comparable sales, a key indicator for the company's business, rose 14%, while analysts on average had expected a rise of 11.6%.

Billionaire Sir Philip Green’s fashion chains including Topshop have averted collapse after landlords voted in favour of a rescue deal to reduce rents and close stores.

Creditors to the billionaire's Arcadia Group will meet in London to vote on proposals to cut rents and close stores in order to ensure its survival.
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.