Japanese retailer MUJI ..eyes Dubai, Kuwait launches

Japanese home and lifestyle retailer MUJI has announced plans to open its first stores in the Gulf region in 2013. The retailer, known for its non-branded products, designs, and clothing, has announced the opening of stores in several Middle East locations starting with Kuwait and Dubai. The shops will offer MUJI’s furniture and household items... Continue Reading →

New $190m Abu Dhabi mall is over 50% leased

More than 50 percent of a $190m Abu Dhabi shopping mall slated to open by the end of this year is leased to retailers, it was announced on Sunday. Deerfields Town Square Mall in Al Bahia, which is currently under construction, also has "numerous other retailers very close to leasing", officials said in a statement.... Continue Reading →

Top 10 Retail Brands – Retail Digital

It has been a tumultuous year for the retail sector. The economic environment is not exactly thrilling, thousands have been laid off or are unemployed, costs are escalating, and people are tightening the purse strings. While big names, like JJB Sports and Comet bit the dust quite spectacularly in 2012, there were others who managed... Continue Reading →

Emaar secures $500m loan for Turkey project

Emaar Properties, Dubai’s largest developer, has secured US$500m in financing from a consortium of banks to be used to fund an upcoming project in Turkey. The facility, signed with lenders including Standard Chartered, Emirates NBD and HSBC, will finance ‘Emaar Square’, the firm’s second mixed-use development in Turkey. The facility will be repaid over the... Continue Reading →

Luxup Opens in Hong Kong & Macau

Luxup, the members-only club giving privileged access to the world's leading fashion and luxury brands, has opened in Hong Kong and Macau. As one of the world's most important fashion capitals, Hong Kong is Luxup's latest destination city, following successful launches in London and New York. Hong Kong and Macau mark the start of Luxup's... Continue Reading →

H&M annual sales growth lags rival Inditex

STOCKHOLM - Revenue at world number two fashion retailer Hennes & Mauritz rose 10 percent this year, lagging forecast growth at larger rival Inditex which is less exposed to the downturn in Europe. Sweden's H&M has the bulk of its business in the region, where a sovereign debt crisis and government austerity measures have dampened... Continue Reading →

Forever 21 opens more European stores

Forever 21 is continuing on its European quest. The American retailer has just opened a second 27,000 square foot store in France and a sixth store in the United Kingdom, at the Lakeside shopping center. Already open in Barcelona, Vienna and Anvers, the Californian retailer doesn’t seem to be slowing down on its mission to... Continue Reading →

Gap Inc., Intermix in Talks for Deal

Intermix, which has been looking for a strategic partner since August, is currently in discussions with Gap Inc., Zee has learned. The specialty store hired investment banking firm The Sage Group to explore its options on how to fund an expansion plan. Khajak Keledjian, founder and chief executive officer of Intermix, said Thursday, “Intermix is... Continue Reading →

Christmas sales directory 2012

A comprehensive listing of the Christmas sales' dates, including designer, high street and homewares. DESIGNERS AND BOUTIQUES A La Mode , Symons Street, SW3; 020 7730 7180 - 26th Dec, 50% off Adolfo Dominguez , Endell Street, WC2; 020 7836 5013 - Now on, 30% off Akris , Old Bond Street, W1; 020 7493 7322... Continue Reading →

Topshop to open first store in Hong Kong

The high street retailer, which already operates in 39 countries, will open in Hong Kong in partnership with department store chain Lane Crawford. Expansion in the Far East has been earmarked a top priority for Topshop, which has opened 27 new stores in the region over the past year. "I am confident that the fashion-loving... Continue Reading →

Sports Direct sees record profits

Mike Ashley's sportswear empire jumped to a record profit today after a six-month period that saw a boost from the London Olympics and Paralympics and also saw rival JJB collapse into administration. Sports Direct said half-year revenues were up 22.5% to just over £1 billion amid strong growth in its 398 UK shops and branded... Continue Reading →

ASOS Plc Q1 Retail Sales Up 30%

ASOS plc (ASC.L) reported first-quarter total retail sales of 165.8 million pounds compared to 127.1 million pounds prior year, an increase of 30 percent. Total group revenues were 169.4 million pounds compared to 130.7 million pounds last year. UK retail sales were up 24 percent for the period. The company said its UK performance was... Continue Reading →

New Middelburg Mall draws record turnouts

Middelburg Mall may be a newcomer to the South African retail scene, but it has already attracted over three-million shoppers since it opened in April this year, and retailers are reporting excellent trading densities across the board. With this level of success, it is little wonder that Middelburg Mall Centre Manager Mike Tammadge has a... Continue Reading →

Musgrave acquires two stores in receivership

Cork-based retail group Musgrave has acquired two Supervalu stores that had gone into receivership, securing almost 90 jobs. Musgrave, which controls the Supervalu brand, acquired premises in Thomastown, Co Kilkenny, and in Clonmel, Co Tipperary, from receivers who were appointed to the businesses last year. The Clonmel premises was previously controlled by a company part-owned... Continue Reading →

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