Burberry retail revenue jumps 18% in Q1

Retail revenue increased 18% on underlying basis to GBP339m Comparable store sales increased 13% Growth driven by strong spring/summer collection Burberry has recorded a jump in first quarter retail revenue, which it said was driven by the exceptional performance of its spring/summer collection. The UK luxury brand said that over the three months to 30... Continue Reading →

UK: Tesco to open in-store gyms

Tesco is to grant space to gym operator Xercise4Less in its Stockton-on-Tees store, according to reports. The gym operator will take over some 31,910 sq. ft of space on the mezzanine level of Tesco's 120,000 sq. ft store in Stockton-on-Tees. The deal was brokered by UK retail property advisors Morgan Williams, and comes in a... Continue Reading →

Steers outlet opens in UK

SOUTH African quick service restaurant groups are seeing an improvement in the UK market, where trading over the past few years has been difficult as rising labour costs and depressed consumer spending weighed on operations. Famous Brands this week said it had opened its maiden Steers outlet in Clapham, London. The group already operates in... Continue Reading →

Tesco’s One Stop buys 33 Alfred Jones shops

Tesco's convenience store chain One Stop Stores has acquired 33 shops from convenience retailer Alfred Jones as part of its long-term growth strategy. The purchase will bring One Stop’s total number of stores to 682 across England and Wales, and grow its employee base to almost 10,000. The acquired stores are based in the North... Continue Reading →

Dwell bought out of administration by founder

Furniture retailer Dwell has been bought out of administration by founder Aamir Ahmad. Dwell collapsed into administration last month, putting 300 jobs at risk. Ahmad, who is returning to lead the company as chief executive, plans to save over 150 jobs and keep the business operating from at least five stores and the web. From... Continue Reading →

City shirtmaker TM Lewin up for sale

City shirtmaker TM Lewin up for sale The TM Lewin shirtmaker chain is to be put up for sale just a year after refinancing. Photograph: MS Bretherton/Alamy TM Lewin, the shirtmaker chain, has been put up for sale by Coller Capital, a distressed investment specialist, just over a year after it underwent a painful refinancing.... Continue Reading →

Selfridges to launch world’s biggest denim store

The department store Selfridges will use BrightSign players to help launch the world’s biggest denim store at its flagship location in London’s Oxford Street. It has devoted four prime shop windows entirely to the digital signage, which features a number of different size Samsung screens. ‘The Best Department Store in the World’ will expand a... Continue Reading →

Yves Saint Laurent name new CEO

French fashion house Yves Saint Laurent has confirmed that Francesca Bellettini will replace Paul Deneve as CEO from September 1 A look from Hedi Slimane's debut collection for Saint Laurent Photo: Reuters Yves Saint Laurent has announced that Francesca Bellettini will take up the position of chief executive officer on September 1. Bellettini will join... Continue Reading →

H&M Set to Open Brooklyn Store

H&M’s long-awaited store at 497-501 Fulton Street in Brooklyn is almost here. The Swedish retailer on Wednesday will unveil a 29,000-square-foot store on the heavily trafficked shopping thoroughfare that’s been in the throes of gentrification for several years. H&M will trumpet its arrival with a block party replete with music, games, food and prizes such... Continue Reading →

Aeropostale will open in-store shops, freestanding stores in Mexico

New York -- Teen apparel retailer Aeropostale will enter Mexico through a licensing agreement with Distribuidora Liverpool, S.A. de C.V. ("Liverpool"). The agreement includes the opening of branded Aeropostale shop-in-shops in Liverpool department stores across Mexico beginning this summer, in addition to rolling out freestanding stores. The first standalone is scheduled to open this summer,... Continue Reading →

WH Smith trials small-store franchise model

WH Smith has begun testing a franchise model whereby independent newsagents would run smaller stores under the WH Smith Local brand, reports today’s Independent Retail News. The model is being tested at three sites: in Clapham, south London, Headington, Oxford, and Purley, Surrey. The first trial store, in Clapham, opens this weekend, with the others... Continue Reading →

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