BERLIN - German sporting goods maker Adidas AG's (ADSGn.DE) struggling Reebok brand expects sales to rebound next year, German magazine Wirtschaftswoche reported on Saturday, citing Chief Marketing Officer Matt O'Toole. "Orders for 2013 are looking good," the magazine quoted O'Toole as saying in an interview. "We're expecting noticeable growth" in sales. Global sales at Reebok... Continue Reading →

:Fashion news PPR's Gucci says trading tougher in China PARIS - Gucci, the Italian fashion brand owned by French group PPR, said trading had become tougher and competition fierce in China's largest cities. Gucci, the world's No.2 luxury brand behind Louis Vuitton in terms of sales, confirmed a slowdown in the luxury sector as its... Continue Reading →

Tablez Food Company, the food and beverage division of Abu Dhabi-based LuLu Group International, is planning to open 30 London Dairy ice cream outlets across the UAE over the next three years, the firm’s CEO has confirmed. London Dairy offers a variety of flavoured ice cream desserts and already has outlets in Dubai, Sharjah, Bahrain... Continue Reading →

DEERFIELD, Ill.--(BUSINESS WIRE)-- Walgreens (NYS: WAG) (NAS: WAG) , the nation's largest drugstore chain, today announced that it has formally set up a new company, jointly owned with Alliance Boots, as part of their strategic partnership's synergy program. The new company, called Walgreens Boots Alliance Development GmbH, is based in Bern, Switzerland. About Walgreens As... Continue Reading →

Next said stronger sales in late September and early October made up for an unusually quiet start to August. Photograph: David Moir/Reuters Next nudged its profit forecast for this year higher after stronger sales in recent weeks, adding to optimism that the UK retail sector is bouncing back from a weak summer. Britain's second-biggest clothing... Continue Reading →

SOUTH Africa’s population increased by about 7-million to 51,770,560 between 2001 and 2011, Statistics South Africa revealed on Tuesday as statistician-general Pali Lehohla handed President Jacob Zuma the census results in Pretoria. The country still has a young population, with most of the nearly 52-million under 39 years of age. Divided by gender, 26,582,769 are... Continue Reading →

Johannesburg - Africa's biggest grocer Shoprite Holdings [JSE:SHP] booked a 15.6% jump in first-quarter sales helped by a robust showing outside its core South African market and favourable currency swings. Shoprite, which operates in 17 African countries outside South Africa, said on Monday stores in those markets grew sales by 34.3% in the three months... Continue Reading →

Need support for your new business ,or expanding your existing business contact us on info@retail360.co.uk Visit us http://www.retail360.co.uk or http://www.retail360.me or http://www.retail360.co.za Follow the latest retail news on our blog Retail Blog or on twitter @retail360_

FRANKFURT - German fashion house Hugo Boss said Tuesday earnings were down in the third quarter, but it was nevertheless sticking to its full-year targets. "We're confident that we can achieve our full-year targets despite the difficult eocnomic environment," said chief executive Claus-Dietrich Lahrs. "The change in our collection cycle has led to a sales... Continue Reading →

Suits, hats, shirts and ties; Massimo Dutti is focusing its efforts on men’s formal wear with its new concept store in Paris’ 9th arrondissement. The boutique, measuring just over 300 square feet, marks the group Inditex’s first step into the world of formal clothing. The Massimo Dutti store, which was formerly home to the brand’s... Continue Reading →

Starbucks Expects to Squeeze Profits From Juice Stores (Corrects juice-making method in 15th paragraph of story first published Oct. 29.) While its caramel frappuccinos and pound cake haven’t helped Americans’ waistlines, Starbucks Corp. (SBUX) says its juice can. After opening Evolution Fresh stores in its hometown of Seattle and Bellevue, Washington, Starbucks is speeding up... Continue Reading →

The company blamed an "operational failure" at a warehouse but could not say exactly how many people were affected. A spokeswoman said: "An operational issue at our warehouse has caused us to cancel a number of orders. "All customers whose order has been cancelled will have, or will soon receive, a phone call from Ocado... Continue Reading →

Clothes retailer Whistles has today announced plans for a new flagship in the heart of London which will open next year. Located on Dover Street in Mayfair, the architecturally designed unit will showcase merchandise across two floors, with the brand’s footwear and accessories collections available as well as its Limited Edition range. In the year-to-date,... Continue Reading →

Apple has opened a new store on University Avenue in Palo Alto, in the heart of California's Silicon Valley, and less than two blocks from its previous retail location. According to PC Advisor, several hundred people lined up and began clapping and cheering as the first customers were welcomed through the door at 10 a.m.... Continue Reading →

MOVING OUT: Saks Fifth Avenue is exiting its store in Riyadh, Saudi Arabia, according to sources. The licensed unit, which opened in November 2001, is currently being shopped to other retailers, and Galeries Lafayette has confirmed that it is among the stores interested in taking over the space. The 65,000-square-foot store is owned by HRH... Continue Reading →

The industry-wide group, the Distressed Retail Property Taskforce, stems from the Mary Portas high street review and aims to find out the extent to which “property indebtedness” is a barrier to growth. In many cases, the debts that shop landlords incurred when they purchased shops or shopping centres is far higher than the current price... Continue Reading →

Best selling British solo artist Robbie Williams is to switch on the iconic Oxford Street Christmas Lights in London on 5 November. The announcement was made on Heart 106.2 by New West End Company, the company representing retailers in the Bond Street, Oxford Street and Regent Street areas of London, and department store House of... Continue Reading →

Fashion and furnishings retailer Laura Ashley is reportedly in talks to open its first store in China as early as next year. The retailer, which operates 211 UK stores and has 263 franchised stores around the world, plans to double its franchise if its entry into China is successful, according to US business magazine Forbes.... Continue Reading →

The British discount retailer B&M has been identified as a “rising star” of the retail industry by a key survey that considers the future challengers to Tesco and other leading players. Today, the company has £1bn of sales, 290 stores and 2m customers a week. Photo: Alamy By Graham Ruddick10:44PM BST 26 Oct 20122 Comments... Continue Reading →

Asos chiefs sell stock worth almost £50m amid slowdown fear By Rupert Steiner PUBLISHED: 22:16, 26 October 2012 | UPDATED: 15:57, 27 October 2012 A raft of senior executives at Asos have sold shares worth almost £50million fuelling concerns its phenomenal run may be about to slow. The online fashion retailer’s stock lost 5 per... Continue Reading →

Hackett sales rise on back of store openings The company, whose tailored suits have been modelled by rugby player Jonny Wilkinson and tennis player Andy Murray, said sales rose 27pc to £96m in the year to March 31. This increase in sales drove profits before tax and interest payments up from £4.9m to £6.2m. Hackett... Continue Reading →

Food and beverage outlets have their plates full into the late hours of the night Dubai: Sales were sluggish during the graveyard shift at shopping malls over the Eid weekend while food outlets had their plates full with an influx of hungry night revellers, according to retailers. Shopping malls in Dubai remained open for 24... Continue Reading →

MUMBAI // The launch of Starbucks in India has created quite a stir, with Indians flocking to the coffee chain's first outlet in the country in droves. Queues for the store have been spilling out on to the street every day this week, with customers waiting for more than an hour in line at a... Continue Reading →

Amazon.com Inc. (AMZN), the world’s largest online retailer, reported revenue that missed analysts’ estimates and posted the first quarterly net loss since 2003, hurt by higher expenses and its investment in LivingSocial.com. Enlarge image Amazon.com parcels. Photographer; Kostas Tsironis/Bloomberg Enlarge image The livingsocial.com website is displayed for a photograph in New York. Photographer: Scott Eells/Bloomberg... Continue Reading →

An official document clarifying ultimate responsibility for new debt issuance by Abu Dhabi's government-related entities aims to eliminate any risk of a Dubai-style debt crisis in the emirate. The document introduces centralised mechanisms to manage debt and restraints on borrowing by quasi-sovereign bodies. But it does not change the level of state support available to... Continue Reading →

Middle East shopping, Middle East retail, GCC retail Two global sovereign wealth funds have invested A$872m ($904m) in Australian shopping centres through wealth manager AMP Ltd as part of an asset swap deal with mall owner Westfield Group. AMP said it has bought Westfield and Westfield Retail Trust's interests in three shopping malls for A$1.025bn... Continue Reading →

LONDON - British online fashion retailer ASOS ASOL.L posted an expected 40 percent rise in year profit, as strong trading in overseas markets, such as the United States and Australia, more than offset slower growth in its home market. The retailer, which targets young women looking to emulate the designer looks of celebrities like Tulisa... Continue Reading →

RICHARD van Rensburg is deputy CEO of Pick n Pay. SUMMIT TV: Pick n Pay saw a 34 % fall in headline earnings per share, with cautious consumer spending and tough competition. The giant retailer also lagged the competition losing some market share. The numbers are predictably not great — some might even call these... Continue Reading →

Upscale leather-goods maker Coach Inc reported higher quarterly sales on Tuesday as its own stores in North America showed increased business and there were large gains in China, marking a return to form in two markets that had shown signs of slowing earlier this year. Coach's shares rose 5.2 percent to $57 in premarket trading.... Continue Reading →

MOSCOW - EBay Inc expects its Russian business to skyrocket if it can overcome logistical hurdles and is seeking a local partner to help it do so, its country head told Reuters. EBay launched a Russian-language site in 2010 and has hired former Google Inc manager Vladimir Dolgov to lead its operations in the world's... Continue Reading →

NEW YORK, Oct. 24, 2012 -- /PRNewswire/ -- UNIQLO, the global clothing retailer, is thrilled to announce that the highly anticipated online shopping site http://www.uniqlo.com is now live to customers and fans throughout the U.S. Just in time for the 2012 holiday season, UNIQLO's full line of signature products will be available to ship to... Continue Reading →

Need support for your new business ,or expanding your existing business contact us on info@retail360.co.uk Visit us http://www.retail360.co.uk or http://www.retail360.me or http://www.retail360.co.za Follow the latest retail news on our blog Retail Blog or on twitter @retail360_

RIYADH - Debenhams recently opened its new department store in Othaim Mall in Riyadh. Situated on both the First and Second floors of the mall, the new Debenhams location offers an impressive array of high street fashion, homeware, perfumes besides a full beauty, accessories and cosmetic section. The beautifully-designed department store, spread across 3,811 square... Continue Reading →

There Are iPads, iPods And Macs All Over Aeropostale's Cool New Prototype Store Best Buy is cutting the senior-most layer of its U.S. operations. The current president of Best Buy's U.S. business, Mike Vitelli, is on his way out. He'll be retiring at the end of the fiscal year. And EVP of U.S. operations Tim... Continue Reading →

LONDON--Home Retail Group PLC HOME.LN, owner of the Argos and Homebase brands in the U.K., said Wednesday market conditions remain fragile and it will need to close 75 stores over the next five years, but it would continue to invest in digital retailing as it reported a rise in first-half net profit. MAIN FACTS -Sales... Continue Reading →

Cotton On’s fun fashion concept Factorie is the latest star in South Africa’s retail constellation. It will soon open at the 75,000sqm super-regional Mall of the North, in Polokwane, Limpopo. Opening at Mall of the North on November 15, 2012, Factorie is a fresh, fun brand for girls and guys, offering quick fashion-wins that don’t... Continue Reading →

In a major profits warning, Mulberry said international sales were below expectations in the first half of 2012 and that wholesale revenues fell 4pc. The company's shares fell 305, or 23pc, to £10.15. The warning came just a month after rival luxury brand Burberry saw its shares fall more than 20pc when it reported that... Continue Reading →

French retailer Carrefour will be selling its Colombia unit to Chile’s retail giant Cencosud. Carrefour SA will be selling the business for $2.6 billion, and the deal is expected to close at the end of this year. Cencosud is South America’s third largest retailer. Carrefour, which is the fourth largest retailer in the world, has... Continue Reading →

Symbol group SPAR is trialling a new store design at its SPAR Penwortham shop in Lancashire. Owned by family business Lawrence Hunt & Co, the store has a new fascia design featuring a white background with SPAR in 3D and the store's location and owner's details on the front. It also has a refreshed internal... Continue Reading →

Online marketplace giant eBay has come under fire today after being accused of tax avoidance in the UK to the tune of £50million. This news comes despite the company's UK subsidiaries making sales of £789 million and profitsof £181million. An investigation by The Sunday Timesuncovered that only £1.2million was paid in corporation tax in 2010... Continue Reading →

Discount retailer Dealz will open 10 new stores across Ireland, creating 300 jobs. The company, which began trading in Ireland a year ago, said it would mean an investment of close to €3 million in the economy. The stores will be opened in its next financial year, which begins in April. The company has already... Continue Reading →

American Apparel, the vertically integrated clothing manufacturer based in downtown Los Angeles, has announced the opening of a new store Beijing. Located in the new Parkview Green mall, the store will mark the company's second location in Beijing and its fourth in China. At almost 7500 square feet, it will be the biggest international location... Continue Reading →

Dubai mall among world's most profitable Dubai's Mall of the Emirates has been named among the world's top 10 most profitable shopping malls in a new report. Majid Al Futtaim Properties' flagship mall in Dubai, has been ranked the seventh most productive shopping centre in the world, earning $1,423 per sq ft per annum, according... Continue Reading →

Pure play e-tailer Amazon is considering a bid on fashion e-tailer Asos, according to reports, with the former seeking to strengthen its position in the burgeoning fashion market. According to The Telegraph, Amazon founder Jeff Bezos met with Asos’ CEO Nick Robertson and looked at its books earlier this year, following increasing competition from rivals... Continue Reading →

After attempting to raise Bangladesh’s minimum wage, the Swedish company is now aiming to improve working condition in Cambodia. Helena Helmersson, head of sustainability at H&M, met with subcontractors and union officers in attempt to encourage dialogue between the key players. The week before in Sweden, she met with Cambodia’s Deputy Prime Minister in order... Continue Reading →

Dubai Mall opens world's largest shoe store Dubai is now home to the world’s largest department store dedicated exclusively to shoes. Dubai is now home to the world’s largest department store dedicated exclusively to shoes, following the opening of a new store at Dubai Mall on October 19 by luxury retailer Chalhoub Group. The new... Continue Reading →

McDonald’s the world’s largest restaurant chain by sales, reported third-quarter profit fell 3.5 percent as sales growth slowed at U.S. stores. Net income dropped to $1.46 billion, or $1.43 a share, from $1.51 billion, or $1.45, a year earlier, the Oak Brook, Illinois-based company said today in a statement. Foreign- currency exchange-rate fluctuations reduced net... Continue Reading →

FRANKFURT - German online retailer Zalando expects to double sales to more than 1 billion euros ($1.3 billion) this year, extending its lead over UK rival ASOS Plc as Europe's largest online fashion site, it said on Thursday. Zalando, founded in 2008 and which brought JP Morgan and private equity firm Quadrant on board in... Continue Reading →