Barry Lewis/InPictures via Getty ImagesThe company said that the new location, which is opening in Westfield shopping center in Shepherd's Bush in July, will be devoted to selling this season's stock that has been trapped in its flagship store during the lockdown.
"In the new world in which we find ourselves, the economy needs businesses willing to look at its business model and current operations and think differently to enable growth, while protecting its customers and employees," Harrods managing director Michael Ward said in a statement to the press. "Harrods Outlet allows us to enable better social distancing across a larger footprint, move towards the new season decisively and confidently, and retail in a responsible way."
Historically, many retailers would rely on selling leftover inventory to off-price players such as TJ Maxx, as it is known in the US, or TK Maxx in the UK, but as these stores have also remained closed this avenue has dried up.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tom Brady is selling his highly customized Cadillac Escalade for $300,000 — see inside - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. look like a funeral car In my country this car would be used by Funeral Parlours only 🤣🤣 Looks more like a hearse.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus lockdown has stranded a Spanish family circus for 2 months - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This is a ready made Netflix show Live Entertainment is the forgotten red headed step child of this virus. There are hundreds of thousands of people who wont have the 'reopening' of their industry until next year. Thats going to take a toll on the economy. From hotels, to restaurants, to everything else.
Source: BusinessInsider - 🏆 729. / 51 Read more »
UK Parliament voices cash infrastructure concerns - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
LendingArch is expanding to the US - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tuesday Morning stores closing: list of addresses - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. On a Wednesday? After they just had their best day of the week?
Source: BusinessInsider - 🏆 729. / 51 Read more »