Retail
GU to open first overseas flagship store in New York
GU, the Japanese apparel retailer and sister brand of Uniqlo, part of Fast Retailing, is opening its first permanent store outside Asia this autumn in New York. In a statement, Fast Retailing said it has secured a 10,225-square-foot store in New York’s SoHo district located at 578 Broadway. The new flagship store will span across two floors and...
Business
Zalando co-founder David Schneider steps down as Co-CEO
European fashion and lifestyle e-tailer Zalando has confirmed that its co-founder David Schneider is stepping down as co-chief executive officer to focus on group-wide strategic partnerships and brand relations. Schneider is handing over his role as co-chief executive officer to David Schröder, Zalando’s current chief operating officer, who has...