By Planet Retail2012-09-28T07:00:00+01:00
Construction has begun on a new luxury mall that will bring Nordstrom and Saks Fifth Avenue to the US territory for the first time.
The Mall of San Juan is being built near the main international airport and represents a $405m (£250m) private investment.
Over 8,700 chain stores have closed their doors across British shopping locations in the first half of this year.
Diageo’s multimillion-pound Johnnie Walker visitor attraction opens its doors to the public today on Edinburgh’s Princes Street.
Footfall in August improved by nearly a quarter, while the gap with pre-pandemic levels closed to less than 20% for the first time since the beginning of the crisis.
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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