HMV announces 190 redundancies

HMV has announced 190 job losses according to a statement issued by its administrators Deloitte on Thursday. However, Deloitte said that it remained optimistic about the UK entertainment products retailer’s future prospects. The global advisory firm is currently seeking a buyer for all or parts of the business. Deloitte added that HMV retail outlets continue... Continue Reading →

John Lewis Appoints Mark Lewis as Online Director

LONDON, January 31, 2013 -- /PRNewswire/ -- John Lewis department stores has appointed Mark Lewis as Online Director. He will join the John Lewis Management Board (JLMB), reporting to Managing Director Andy Street. Mark will take up the position on 4 March, joining from Collect+ where he has been CEO. Prior to this he spent... Continue Reading →

New stand-alone Pick ‘n Pay shopping centres

Pick n Pay, has developed two new stand-alone retail centres situated in Chatsworth, Kwazulu Natal and in Roodepoort, Johannesburg. Pick n Pay, has developed two new stand-alone retail centres situated in Chatsworth, Kwazulu Natal and in Roodepoort, Johannesburg. Both the Chatsworth Centre and Little Falls meet growing consumer demands for easy and quick access to... Continue Reading →

UK womenswear retailer to open UAE stores

British retailer Phase Eight will open seven stores in the UAE as it moves to boosts its international presence, the UK's Retail Week reported. The womenswear retailer, which opened its first overseas store last year in Switzerland, will initially concentrate on stores in Dubai, said a spokesperson. “International growth is a key focus for Phase... Continue Reading →

Investcorp eyeing Italy luxury brands

Investcorp eyeing Italy luxury brands Investcorp, one of the Middle East's largest private equity firms, is on the lookout for Italian luxury and retail brands that want to expand internationally. "We have spent a lot of time talking to the owners of some very well-known Italian brands and are always on the lookout for interesting... Continue Reading →

Amazon reports record sales of $21bn

The world’s largest online retailer on Tuesday night reported record sales in the final quarter of 2012, as more consumers did their shopping on the internet. International sales, which includes the UK, jumped 20pc to a record $9.09bn (£5.8bn). That helped drive Amazon's total sales in the quarter to $21.3bn, up 23pc from 2011. "The... Continue Reading →

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