Ackman Calls for Ouster of J.C. Penney Chairman

Perry today reported a 7.3 percent stake in the retailer and echoed Ackman’s comments that the board should seek to quickly overhaul its management. The board isn’t functioning effectively, major personnel decisions are being made without the advice of all directors and important financial information is being withheld, Ackman, whose Pershing Square Capital Management LP... Continue Reading →

M&S to open flagship store

UK RETAIL giant Marks & Spencer has, after years of speculation, confirmed that it is to open a flagship store at the proposed new Horizon Mall on the Dublin Road. The planned 72,000 square foot branch will be an anchor store at the as-yet unfinished shopping centre, formerly known as Parkway Valley. It is expected... Continue Reading →

Cos to open three stores in London area

Cos, owned by H&M, is to open a further three stores this autumn/winter on King’s Road, Canary Wharf and in the Bentall Centre, Kingston upon Thames. The store opening in the Duke of York Square on King’s Road, will mark the retailers’ eighth store within London, and will stock both womenswear and kidswear and will... Continue Reading →

Nicole Kidman’s Jimmy Choo campaign revealed

You wait weeks for a celebrity-fronted fashion campaign to come along, then two drop at once. Not to be outdone by Sienna Miller snogging for Burberry this morning, Jimmy Choo has unveiled its autumn/winter 2013 campaign, which sees Hollywood leading lady, Nicole Kidman, in seductive Hitchcock heroine mode. SEE: Nicole Kidman's Jimmy Choo campaign in... Continue Reading →

Struggling JCPenney Gets A New Marketing Chief

Struggling JCPenney Gets A New Marketing Chief Reuters/Natalie Behring NEW YORK (AP) — J.C. Penney Co. has hired an executive from the mac-and-cheese world to reconnect with its middle-income shoppers. The beleaguered department store on Monday named Kraft Foods Inc. executive Debra Berman as senior vice president of marketing to help revitalize the struggling brand,... Continue Reading →

Construction of new Saudi ‘mega city’ to begin

An Indian developer said it would begin construction of a new mega city in Saudi Arabia, worth SR10.9bn ($2.9bn), shortly after Ramadan. The development in Rabigh, Makkah Province, will include an advanced hospital, a petrochemical plant, other industrial areas, schools, mosques and residential villas and cover 20m sqm of land formerly owned by a former... Continue Reading →

Tesco creates new family carvery restaurant

In the latest example of Britain’s biggest retailer diversifying from its core of supermarket retailing, Tesco has developed a new family restaurant called Decks, whose first location opens this week at the Tesco Extra at Coventry Arena. Decks is named after the “decks” used to present the food for customers to choose and is promoting... Continue Reading →

Ti Sento to open first UK standalone store

The European jewellery brand will be opening in the Trafford Centre, Manchester in September The 84sqm store is being operated as a franchise by Michael and Allison Aldridge who have previously worked with Ti Sento at their Neil & Barker store in Widnes, Cheshire. “We believe opening a Ti Sento flagship store gives our business... Continue Reading →

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