LONDON – Another division of Rene Benko’s troubled Signa property empire has filed for insolvency following the collapse of the holding company last month. Signa Prime Selection, which has stakes in retailers including Selfridges, KaDeWe and Karsdadt, has filed for bankruptcy and submitted a restructuring plan in a Vienna, Austria court, according to a statement. The filing is the latest in […]
Global economic stress, workforce shortages, lingering inflation, supply chain hiccups and demands for greater omnichannel capabilities continue to challenge retailers and brands while also impacting consumer behavior. Today’s consumers are price-point wary and want more bang for their buck. They’re savvy shoppers who expect their favorite brands to deliver exceptional shopping experiences online and in-stores. […]
Global economic stress, workforce shortages, lingering inflation, supply chain hiccups and demands for greater omnichannel capabilities continue to challenge retailers and brands while also impacting consumer behavior. Today’s consumers are price-point wary and want more bang for their buck. They’re savvy shoppers who expect their favorite brands to deliver exceptional shopping experiences online and in-stores. […]
It’s been an overall rough quarter for retailers and brands. As consumers pull back on discretionary spending, retail companies have largely reported softening sales in their most recent quarters. Some companies, like Macy’s and Designer Brands Inc., have downgraded their full-year outlooks to reflect the hit to sales. Despite the headwinds, other companies have managed to top estimates and […]