Bloomberg Fashion retailer Next Plc posted better-than-expected holiday sales and forecast an increase in fiscal 2021 profit in a welcome boost for the beleaguered UK retail market. Pretax profit will rise 1% to 734 million pounds ($963 million) in the year through January 2021, Next forecast in a statement. An extra week of sales next year may generate additional earnings, …

Bloomberg LVMH, the world’s largest luxury conglomerate, plans to close a store in Hong Kong’s shopping district as overall retail sales dip amid anti-government protests, according to a media report. The decision comes after Wharf Real Estate Investment Co, the owner of the Times Square mall in Causeway Bay, refused the French retailer’s request to lower rents, the South China …

Bloomberg New York can be harsh on foreign restaurateurs coming to town. When D&D London opened Bluebird London in Columbus Circle in September 2018, Eater described it as “New York’s worst new restaurant of 2018.” In the New York Times, Pete Wells said: “Because you are in an English restaurant, you will be curious about the English food. Because you …