The local council in Soho, London wants to halt the expansion of giant property projects that could swamp the area and make it less attractive for its millions of tourists and the small fashion stores that operate there.
Shares in Nordstrom Inc slumped 9 percent after the U.S. department store operator reported disappointing same-store sales and said it had been forced to refund some of its credit card customers after overcharging them.
Nike has opened its newest House of Innovation concept store in New York City. Located on Fifth Avenue, the store is a massive 68,000 square-foot, six-level one-stop-shop for cross-category Nike products.
Four of eight executives will be leaving retailer Hema. The news comes just weeks following the acquisition of the chain by Dutch entrepreneur Marcel Boekhoorn, who aims to simplify the structure of the company.