Makro revamps stores to compete

Massmart plans to revamp 10 of its 17 Makro stores, which would thereafter offer fresh produce, butchery items and new brands. The chief executive of Makro stores, Kevin Vyvyan-Day, said yesterday that the new stores would be more shopper and environmentally friendly and would allow consumers to buy single items as well as bulk packs.... Continue Reading →

J. Crew Profit Vaults Ahead

NEW YORK — J. Crew Group Inc. is running strong and bringing its business to new markets. “It’s been a nice year so far,” Millard “Mickey” Drexler, chairman and chief executive officer, told Zee. “Every day we get a bit smarter about our business, but you can never let your guard down.” On Wednesday, the... Continue Reading →

Struggling JJB Sports puts itself up for sale

(Reuters) - Debt-mired JJB Sports put itself up for sale on Thursday and warned investors their shares may be worthless, placing the sports goods retailer at risk of becoming another big-name British retail casualty. The company has been rocked by funding issues, falling sales and stiff competition as UK store chains battle weak consumer spending,... Continue Reading →

Boots strikes food deal with Musgrave

Boots has launched its new healthy and convenient food offer in stores today, in partnership with Irish food retail giant Musgrave. The range includes meat, fish and ready meals as well as in-store delis. Eleven of the health and beauty retailer’s across England will carry food, including lines from Musgrave’s SuperValu range which is also... Continue Reading →

M&S Cheshire Oaks superstore opens (pics)

Marks & Spencer opened its 151,000 sq ft store at Cheshire Oaks on Wednesday morning, promising a 'new retail experience for customers'. Scroll down for gallery The store is the second largest M&S in the country - London's Oxford Street store is bigger - and will employ 500 people. Features include free wi-fi, 'browse and... Continue Reading →

L’Oreal 2012 First-Half Profit Rises 11%

L’Oreal SA (OR), the world’s largest cosmetics maker, reported an 11 percent increase in first-half profit as sales gained in Africa and Asia, and said it still expects revenue to grow faster than the market in 2012. Operating income rose to 1.9 billion euros ($2.4 billion), the Paris-based company said today in a statement after... Continue Reading →

Spectacular revamp for Dubai's JBR Walk

An expansive retail, leisure and entertainment centre is being built as the centrepiece of Jumeirah Beach Residence (JBR), a development of 40 towers running along the Dubai seafront. In a move that will completely change the face of JBR Walk, one of Dubai's most popular leisure attractions and walkways, Meraas Holding is set to construct... Continue Reading →

Jack & Jones continues UK expansion drive

Danish-owned menswear retailer Jack & Jones is continuing its UK expansion with the opening of four new stores in both high street and shopping centre locations in Exeter, Carlisle, Swansea and Cwmbran. Launched in 1989, Jack & Jones, which is part of Bestseller, the family-owned clothing company, is now sold in approximately 2,000 retail shops... Continue Reading →

UAE-based CEO orders bespoke Ferrari car

A UAE-based businessman has commissioned the Ferrari special projects team to build him a one-of-its-kind car. The special-edition Ferrari 599 GTO - called the Ferrari SP Arya - is being built for Cheerag Arya, the CEO of JBF, a petrochemicals company based in Ras Al Khaimah at its Maranello factory in Italy. It will be... Continue Reading →

Buyer found for Hein Gericke UK

A buyer has been found for motorcycle clothing and accessory retailer Hein Gericke UK, which has five stores across the South West, the administrators have revealed. Before falling into administration last month (July) the £18m-turnover company, headquartered in Harrogate in Yorkshire, operated 49 shops across the UK in addition to a catalogue and an online... Continue Reading →

UK: Carrefour silent on job cut reports

French retail giant Carrefour has declined to comment on reports it is looking to cut 500 to 600 jobs in France. According to French publication Le Figaro, Carrefour is expected to this week announce the removal of more than 500 jobs at its headquarters in France. The figure represents around 3% of the group's workforce,... Continue Reading →

Billabong posts $275.6m net loss for year

TROUBLED Gold Coast-based surf wear company Billabong has posted a net loss after tax of $275.6 million for 2011-12. The result was a large drop on the $119.1 million net profit Billabong reported for 2010-11. Billabong said this morning it expected the current challenging trading conditions to continue in its 2013 financial year. It said... Continue Reading →

Parliament dispute halts Bahrain mall project

A multimillion dollar Bahrain mall project faces an uncertain future and may be scrapped following a dispute between the local council and the parliament over plans for the derelict site, it was reported at the weekend. Plans for the mall were thrown into disarray after Bahrain’s Municipalities and Urban Planning Affairs Minister Dr Juma Al... Continue Reading →

Paul Smith set to try China again

Sir Paul Smith, the UK fashion designer, is optimistic about his brand’s return to China, despite fears that the Chinese market for luxury goods is cooling. Speaking for the first time since the return to China was announced in May, Sir Paul said it had been “massively disappointing” to pull out five years ago. At... Continue Reading →

BRC names new director general

The British Retail Consortium has appointed Helen Dickinson, the head of retail at KPMG, as its new director general. The organisation has also announced that Ian Cheshire, group chief executive of Kingfisher, is to become its new chairman, replacing current chairman Rob Templeman. Dickinson succeeds Stephen Robertson as director general who will leave the organisation... Continue Reading →

Bijoux Terner announces online store

This September, Bijoux Terner, the global fashion accessories brand, will go where it has never ventured before: the worldwide web. Parent company BT Fashions will be launching an Internet store in the coming weeks. The online boutique will bring Bijoux Terner's wildly popular assortment of affordable jewelry, watches, scarves, bags, and fashion accessories to consumers'... Continue Reading →

Rugby brand Canterbury sold by JD Sports

Sportswear retailer JD Sports has agreed a deal to sell the Canterbury rugby brand to sports and fashion retail group Pentland for £22.7m. As part of the deal, JD will buy the OneTrueSaxon brand from Pentland, which owns Berghaus and Speedo, for £50,000. JD, which says it does not sell much Canterbury product, does not... Continue Reading →

Fat Face looks to expand outside UK

Fat Face, the casual fashion retailer, is eyeing expansion outside the UK, after stabilising its domestic business by kicking the “discounting drug”. Anthony Thompson, chief executive, said the privately owned retailer was looking at potential overseas markets. “We are now investigating and researching it quite seriously,” he said. “The plan there is to, over the... Continue Reading →

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