Carrefour ties joint venture to open multi-format stores in eight countries in Africa

Carrefour has set up a joint venture with a French distributor to develop a range of store formats in eight countries in West and Central Africa. The partnership with CFAO will be owned at 55% by CFAO and 45% by Carrefour and will have exclusive distribution rights in Cameroon, Congo, Côte d’Ivoire, the Democratic Republic... Continue Reading →

Foschini profit dented as consumers cut spending

THE Foschini Group, South Africa’s third-biggest listed clothing retailer, missed estimates with an 11% rise in full-year profit as debt-laden consumers cut back on spending. Foschini, which also sells jewellery and furniture, said diluted headline earnings per share totalled 851.3c in the year ended March compared with 766.1c a year earlier. The result fell short... Continue Reading →

Spar International sales reach €32 billion

Spar International has reported worldwide retail sales growth of 2.8% in 2012 to €32 billion. The retail chain has operations in 34 countries with plans to expand to 36 in 2013 with supermarkets scheduled to open in Qatar and Lebanon. Spar's global operations include 12,322 stores internationally. Speaking at the 58th International Spar congress in... Continue Reading →

Dutch retail giant Spar plans to enter Lebanon

(Photo for illustrative purposes only) Dutch supermarket chain Spar is to enter Lebanon with the opening of 10 stores over the next five years. Spar, the world’s largest co-operative of independent food retailers and wholesalers, currently operates more than 12,000 stores across 35 countries worldwide. The licensing agreement between Business Management Integrated (BMI) Holding and... Continue Reading →

Tesco Ireland appoints new chief executive

Tesco Ireland has appointed PJ Clarke as its new chief executive. Mr Clarke, who has held a number of senior positions in the company, will succeed Tony Keohane. Mr Keohane is to become chairman of Tesco Ireland from July, having served seven years as chief executive. He has been chief executive since 2006, having joined... Continue Reading →

Mr Price online shopping site goes global

Mr Price online shopping site goes global Mr Price website Mr Price will launch its online shopping website globally on Monday, meaning shoppers from around the world will be able to buy the value fashion retailer’s apparel. The company’s e-commerce venture first went live in South Africa last year. "The launch of the apparel... Continue Reading →

House of Fraser online sales jump by 53%

House of Fraser's flagship Oxford Street store in London. Online sales accounted for 10.9% of total sales in the year to end of January A dramatic increase in online sales has helped House of Fraser achieve a 3.3% rise in overall turnover to £1.2bn. However, the store chain continues to struggle to make a profit.... Continue Reading →

Mall of Qatar set to open in 2015 pictures…

DOHA: The Mall of Qatar is scheduled to open in the third quarter of 2015, developer UrbaCon Trading & Contracting (UCC) announced yesterday. Construction on the project has been underway since 2012 and is proceeding on schedule. The Mall of Qatar is expected to welcome an estimated 20 million customers annually. The total project cost... Continue Reading →

Amazon plans ‘greenhouse-style’ HQ: in pictures

US retail giant Amazon has unveiled plans for a futuristic greenhouse-style headquarters "where employees can work and socialize in a more natural, park-like setting". Here are the company's proposals. The internet company revealed photos and sketches of the plan, which will be submitted to Seattle city officials, becoming the latest of the technology heavyweights to... Continue Reading →

Spinneys to roll out online shopping this year

Spinneys to roll out online shopping this year Food retail chain Spinneys will roll out online shopping in territories across the Middle East this year, the company’s CEO told Arabian Business. The Beirut-based grocer, founded in 1924, will introduce online retail services in Lebanon, Qatar, Jordan and Egypt to complement its expansion in retail outlets,... Continue Reading →

Laura Ashley to pay shareholders special dividend

The company said it will pay the special interim dividend of 0.5p per share to “show our appreciation to the shareholders for their continued support”. The dividend will mean a pay-out for the Malaysian investors that control around 60pc of the company. This includes the MUI Group, the conglomerate which rescued Laura Ashley in 1998... Continue Reading →

UK: Tesco plots overseas expansion for F&F

Supermarket retailer Tesco is to expand its F&F clothing brand into new markets across the Middle East and Central Asia, with plans to open more than 50 franchise stores over the next five years. The UK's largest retailer said it will work with existing franchise partner Al Hokair to open stores in Kazakhstan and Georgia,... Continue Reading →

Dubai retailer unveils $12,250 gold iPhone

Luxury smartphone retailer Givori this week launched its new 2013 collection, which included an Italian handcrafted, 19 karat gold iPhone which retails at AED45,000 ($12,251) and is adorned with alligator skin, diamonds and gemstones. As part of Givori’s Charlotte Spring/Summer 2013 Collection it has signed an agreement with Dubai’s Damas Jewellery to sell the upmarket... Continue Reading →

Court awards Dunnes Stores 50% cut in rent

A Circuit Civil Court has cut the rent paid by Dunnes Stores on the retail floor space of its George's Street, Dublin, head office by 35%. In cutting the rent the retail chain pays to Layden Properties George's Street Ltd, Judge Jacqueline Linnane said the rental for basement storage, offices and ancillary space would also... Continue Reading →

Dubai’s Landmark Group plans 10 new hotels

Dubai retail giant Landmark Group will open more than ten new hotels under its mid-market Citymax brand over the next four to five years. Landmark, owned by billionaire Mickey Jagtiani, currently operates a trio of three-star properties in Dubai and Sharjah. According to the CEO of Landmark’s hospitality division, the new hotels will be across... Continue Reading →

REDTAG opens new store at Serafi Mega Mall

JEDDAH - REDTAG, the region's leading value fashion, lifestyle and home ware retailer opened its 20th store at Serafi Mega Mall in western region last week. Commenting on the opening of the new REDTAG Showroom, Shehbaz Shaikh, Country Manager of REDTAG, said: "The new showroom, which is our 67th in the Kingdom, consolidates our position... Continue Reading →

m&s in talks over first limerick store

Marks & Spencer is in talks to anchor a €50 million shopping centre in Limerick city. The Irish Times reports sources in the M&S camp said they had been offered extremely attractive terms to anchor the Parkway Valley shopping centre which was abandoned five years ago when Liam Carroll's Zoe Group collapsed. M&S originally planned... Continue Reading →

UAE’s Namshi plans to expand into Lebanon

UAE e-commerce firm Namshi will expand into Lebanon within the next month after receiving $13m in fresh investment. The web company, which specialises in fashion and lifestyle retail, announced the additional funding from growth equity firm Summit Partners on Monday. The investment follows prior capital injections of more than $20m from the likes of JP... Continue Reading →

Nicole Kidman is the new face of Jimmy Choo

Hollywood actress Nicole Kidman will appear in Jimmy Choo's autumn 2013 advertising campaign The campaign marks the first season that Sandra Choi has been sole creative director of the luxury footwear and accessories brand. "I'm such a great admirer and feel enormously honoured to be working with Nicole Kidman," said Choi in a statement released... Continue Reading →

Google Is Planning Stores Just For Google Glass

Google is planning retail stores to sell its internet-connected glasses, Google Glass, we've heard second-hand from a source. Our source tells us he knows someone that is working at Google to develop the Glass stores. This person apparently meets with Sergey Brin to plot out the stores. When briefed on this story, Google said, "we... Continue Reading →

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