Tag
department store
Stories tagged department store.
Myer shares plunge 12% after retailer flags sharp consumer spending slowdown
Australian department store operator Myer reported a steep decline in consumer demand during June and July, sending its shares down more than 10% on Monday.
BHV Marais Management Takeover and Shein Departure Signal Bitter Shift for Fashion
The management team's acquisition of BHV Marais coincides with Shein's exit, but the department store is cutting multiple product lines, marking a somber development for fashion retail.