Lidl has found an interesting concept for its old store in the Belgian town of Temse, which has been vacant for three years: it will become a food and non-food outlet store. The Solid Outlet Store has items at extremely low prices, both food and non-food, and will opened for a long term, not just a pop-up outlet store like there were some before at certain occasions.
Lidl opens Solid Outlet Store in Temse
Swedish fashion chain Hennes & Mauritz had to present less than favourable results for its new fiscal year: investor trust has dwindled, now that sales in its home territory have also dropped for the first time in decades.
The Italian Bureau of Competition has approved Swiss Richemont’s possible acquisition of Italian fashion webshop Yoox Net-a-Porter.The full bid, yet to be accepted, values the company at 2.7 billion euro.
Italian fashion brand Versace will no longer use fur. Designer Donatella Versace no longer wants to kill animals for fashion, she explained in an interview with The Economist.
Ecco can look back on 2017 as its best financial year ever. The Danish shoe brand, known for its “follow the foot” philosophy, exceeded its own expectations thanks to an 8 % growth.
German sports brand Adidas achieved a 16 % turnover increase in 2017, if exchange rates had remained stable. Profit nearly grew a third and the company forecast a 10 % growth for 2018.
Inditex, which owns fashion chains Zara and Massimo Dutti, managed decent growth in the past year, despite a strong euro. Its online clothing sales performed very well.