Dealz marks its second anniversary in Ireland by opening 30th store and announcing another 10 new stores Dealz marks its second anniversary in Ireland by opening 30th store Ireland's discount retailer Dealz today (Friday 27 September), celebrated its second anniversary of trading here by opening its 30th store and announcing plans to open 10 more... Continue Reading →

Every year since 2005, the Boston Consulting Group has surveyed more than 1,500 senior global executives for a snapshot of the most innovative companies in the world. Each executive is asked to rate the companies in their industry by how innovative they are, and those results are then weighted to reflect three-year shareholder growth, revenue... Continue Reading →

Harrods, the luxury London department store bought by Qatar in 2010, is set to undertake a multi-million refurbishment as part of the Gulf state’s investment in the iconic brand. The main focus of the revamp will be focus on the infamous escalator, which was installed by previous Egyptian owner Mohamed Al Fayed and is believed... Continue Reading →

McDonald's is the most dominant fast food chain in the world. some crazy facts about the retailer:

DUBLIN, Sept 27 (Reuters) - Irish retail sales increased by 2.6 percent in August from a year earlier, provisional figures from the Central Statistics Office showed on Friday. Sales volumes fell by 1.6 percent from a month earlier, in part due to a decline in car sales due to the impact of a new licensing... Continue Reading →

Dubai: The UAE is a point of entry for international brands that want to expand in the GCC and the wider Middle East and North Africa (Mena) region, according to exhibitors at the Franchise UAE Expo on Wednesday. The show will run until Thursday at the Al Bustan Rotana hotel in Dubai. Brands are setting... Continue Reading →

Health-food retailer Holland & Barrett has unveiled its latest store in London's Leadenhall Market in the heart of the financial district. The newly remodelled 1,400 sq ft store on Gracechurch Street will be the chain’s 712th in the UK. Bespoke fixtures include a “Shake-A-Whey” mix-and-go bar for sports enthusiasts to purchase single protein shakes to... Continue Reading →

John Lewis is to offer its customers the facility to collect their online purchases from local convenience stores and petrol stations as part of a new trial. The trial will run in partnership with parcel service provider CollectPlus which has over 5,250 convenience stores, newsagents, supermarkets and petrol stations in its UK network. The service... Continue Reading →

Luxury retail space in India to rise to 1.44% by 2015: Cushman & Wakefield Nauzer Bharucha, TNN | Sep 26, 2013, 08.37PM IST MUMBAI: Global real estate consultants, Cushman & Wakefield has estimated that the share of luxury retail space in India will be a modest 1.44% by 2015 as against the current 1% even... Continue Reading →

HARARE — The Zimbabwe associate unit of clothing retailer Edgars Stores is uncertain about the recovery prospects and future stability of the country’s economy, despite the conclusion of elections and the swearing in of a new cabinet. Edgars Stores Zimbabwe is shoring up its presence in the country by opening more new branches under the... Continue Reading →

The company, founded in 2000, is now worth £4.3bn after a doubling of its share price in the last year. Asos said that sales rose 49pc in the UK in the three months to August 31, accelerating growth for the full-year to 34pc. On top of this, US sales rose 59pc over summer, Europe increased... Continue Reading →

Dixons Retail has whipped the covers off what it believes is the high street store format of the future. Retail giant Dixons’ store at UK shopping centre Bluewater is described as an ‘urban toy shop’ with a modern stylish design targeting young tech-savvy shoppers - with an emphasis on female consumers. The retail outlet has... Continue Reading →

Marks & Spencer has added My Offers, a new feature on its iPhone app, which provides customers with exclusive personalised deals, the latest promotions and a dedicated hub to host vouchers that can be redeemed both in store and online to its iPhone app. My Offers will compile deals sent to a customer by email,... Continue Reading →

Truworths International Ltd. (TRU), South Africa’s largest listed clothing retailer, fell the most in three weeks on concern that lending growth is slowing and as monthly retail sales in the continent’s biggest economy shrank. The stock slid as much as 3.2 percent, the most since Aug. 27 on an intraday basis, and traded 2.7 percent... Continue Reading →

New York – Saks Inc. plans to open seven new Saks Fifth Avenue Off 5th stores in 2014: The Outlets at Bloomfield in Pearl, Miss.; Potomac Mills in Woodbridge, Va.; Palm Beach Outlets in West Palm Beach, Fla; Outlet Shoppes at Louisville/Lexington, Ky.; Twin Cities of Eagan in Minneapolis, Minn.; The Mayfair Collection in Mayfair,... Continue Reading →

New York -- Staples and RadioShack Corp. have removed Amazon lockers from their stores, according to Bloomberg. The chains were among a group of retailers who have been testing the system. According to the report, Staples ended the partnership with Amazon because it didn’t meet the criteria the two companies set up, while RadioShack said... Continue Reading →

Prada SpA (1913), the Italian owner of the Miu Miu and Church’s luxury brands, said the euro’s strength will weigh more heavily on full-year earnings than some analysts anticipate after first-half profit missed estimates. The currency’s appreciation against the yen and the dollar “may be possibly not fully considered in some of the forecasts that... Continue Reading →

High rates are among the factors being blamed for a slump in retail trade as another fashion stalwart vanishes from Northern Ireland. French Connection is the latest well-known brand to fall victim to the downturn as its stores and concessions appear to have left the province's high streets and shopping centres for good. The high-end... Continue Reading →

Bahrain-based fund Investcorp is one of several investors who have expressed a preliminary interest in buying a stake in Versace, one of Italy's best-known luxury brands, sources close to the situation told Reuters. According to the sources the list of those interested includes Italy's strategic fund FSI, AXA Private Equity, UK-based private equity fund Permira... Continue Reading →

Deputy Prime Minister, Nick Clegg has announced that a 5p charge for carrier bags will be introduced from Autumn 2015. The government said over seven billion carrier bags were issued by supermarkets in England last year, with many ending up in landfill or scattered around streets, costing tax-payers millions of pounds to clean-up. Deputy Prime... Continue Reading →

Marigay McKee, chief merchant at Harrods, is in line to be named as the new president of Saks Fifth Avenue. The appointment of Ms McKee, who has run Harrods since 2011, would further highlight the global standing of Britain's luxury goods industry as London Fashion Week draws to a close. The move would involve Ms... Continue Reading →

Seattle -- Starbucks Coffee Company on Monday opened two flagship stores in Beijing, China. The new Beijing flagship stores were designed by members of the in-house Starbucks global design team and the local Starbucks China Design Studio, one of 18 international design offices worldwide. One store is a “coffee tribute” store at Kerry Center and... Continue Reading →

WikiMedia Commons Coach wants to keep the competition far away. The retailer doesn't want competitors like J. Crew, Burberry, or Polo Ralph Lauren in its new New York City office and retail space, according to the Wall Street Journal. Under the terms of their deal, Developer Related Cos., which is developing the 47-story tower on... Continue Reading →

Johannesburg, 10 September 2013 - Edcon has recently confirmed its acquisition of a controlling stake in the companies which hold the local franchise rights to Accessorize, La Senza and Inglot. The group’s acquisition is in line with Edcon’s current strategy to increase its branded content and introduce new international brands to its offering to the... Continue Reading →

Hennes & Mauritz AB (HMB), Europe’s second-biggest retailer, reported monthly sales that beat analysts’ estimates, sending its shares to a record high. Revenue at stores and operations open at least a year rose 4 percent in August compared with the same month last year, the Stockholm-based company said today. The average estimate in a SME... Continue Reading →

Supermarket chain Tesco is to create 200 new jobs as part of an expansion. The company has announced plans for seven new stores and six mobile phone shops across the country. 80 of the jobs will be filled before the end of the year as part of the €70 million investment. The announcement was being... Continue Reading →

Cosmetics retailer plans to add four stores to current number next year Dubai: Cosmetics retailer Lush is planning to open four stores in the UAE by next year, bringing the total number of stores in the country to 11. With the new openings, the retailer, which has 17 stores in the Middle East, is taking... Continue Reading →

Five stores to open in Abu Dhabi by the end of this year Dubai: Shoe and accessory brand Aldo plans to open five stores in Abu Dhabi in the last quarter of this year, Sachin Banodkar, general manager of Aldo Group International Brands told Gulf News in an interview. The stores will be a mixture... Continue Reading →

Next, the high street fashion and home retailer, has reported a rise in first half profits. Pre-tax profits rose 8.2 per cent higher to £271.8million for the six months to July. Revenues also grew more than two per cent to £1.68billion thanks to new store openings and soaring online sales. Next says it has plans... Continue Reading →

HYDERABAD: Swedish retailer IKEA could locate its first store in Hyderabad, likely choosing a city which is a bone of contention in a state trying to cope with tumult because of an impending bifurcation. IKEA, whose India plan won final approval in May, will invest at least $100 million (. 630 crore) in Andhra Pradesh's... Continue Reading →

El Segundo, Calif. -- JustFab, the online fashion subscription retailer, has opened a 3,000-sq.-ft. flagship at the Glendale Galleria, Glendale, Calif. It is the company’s first physical store. “We have created the global leader in fashion subscription in just three short years and will now bring our customized shopping experience into physical stores to enable... Continue Reading →

Marks & Spencer is aiming to win back shoppers by making its stores look and feel more like a department store. The change comes as its rival John Lewis looks set to draw level with M&S sales this year. In the 80 largest stores, M&S is dividing its main Collection range of womenswear into defined... Continue Reading →

Group profits dented by miscalculated holiday pay costs and redundancy payments despite rise in John Lewis and Waitrose sales The group, which owns 39 department stores and the Waitrose supermarket chain, said sales rose 7.3% to more than £4.7bn in the six months to July as it won market share from rivals in fashion, homewares... Continue Reading →

Mall of the Emirates plans Dh1b redevelopment Phase one expected to be completed by early 2014, and the whole project by 2015 Dubai: Mall of the Emirates (MOE), developed by Majid Al Futtaim Properties, announced in a statement on Tuesday that it is undergoing a redevelopment valued at Dh1 billion. “[It] is the largest redevelopment... Continue Reading →

The United Kingdom intends to double the value of trade with Kenya in the next five years, High Commissioner, Christian Turner has said. Turner said this will involve provision support to local retailers wishing to forge links with British companies. Turner was speaking during the opening of the first local store of UK shoe retailer... Continue Reading →

Neiman Marcus reaches $6 billion sale agreement Related Content Dallas – Ares Management and the Canada Pension Plan Investment Board have reached an agreement to purchase Neiman Marcus for $6 billion from a group of investors led by TPG Capital and Warburg Pincus, the private equity firms that bought Neiman Marcus for $5.1 billion in... Continue Reading →

Wahat Hili Mall sees 175,000 visitors a week by end-2013 Wahat Hili Mall, the latest addition in Al Ain shopping malls, on Monday opened doors for customers, offering 160 retail outlets and Géant Hypermarket. The location of the Mall is expected to result in its visitor numbers crossing 175,000 per week by the end of... Continue Reading →

John Lewis has announced today its new at home shop in Ashford will open its doors to customers at 9am on 7 November 2013. Located on a site close to junction 9 of the M20 in Kent, John Lewis at home Ashford will focus on furniture, furnishing accessories, electrical and home technology. The 40,000sq ft... Continue Reading →

Primark defies switch from high street to online as sales surge continues Primark is axing its internet experiment to sell its fashion on the Asos website and is to open one million sq foot of retail space, defying the retail industry switch to online, as its sales continue to surge ahead. While other clothing retailers... Continue Reading →

Mobile phone retailer will open a dozen concession outlets in Australian chain stores Carphone Warehouse Ireland, the mobile phone retailer, has entered a partnership agreement with Australian chain Harvey Norman that will create up to 80 new jobs over the next two months. Carphone will open 12 concession stores, one within each of Harvey Norman’s... Continue Reading →

Amazon.com Inc. (AMZN) has no plans to introduce a phone this year, said Drew Herdener, a spokesman for the Seattle-based e-commerce company. Technology blog Jessicalessin.com reported Sept. 6 that Amazon will offer a free smartphone. Herdener said in an e-mail yesterday that if Amazon were to offer a phone in the future, the device won’t... Continue Reading →

Hamburg, 5 September 2013 - TOM TAILOR GROUP is expanding its international position with its entry into the South African market. Since July 2013, TOM TAILOR has opened already twelve shop-in-shops and a franchise store in South Africa"s leading economic hubs. The expansion strategy in the South African market is focussed on developing the wholesale... Continue Reading →

The 19th Dubai Shopping Festival (DSF) will take place on Jan. 2 next year, kicking off Dubai's events calendar for 2014. The biggest shopping extravaganza in the Middle East helped to attract 4.66 million visitors during the same period last year, mainly from Russia, Saudi Arabia, India and the United Kingdom. The increased flow of... Continue Reading →

MUMBAI: Iconic American brand 'The Limited' is planning to enter India by opening over five stores early next year joining the league of its global rivals such as Zara and Forever 21 in the country's women wear market worth Rs 78,500 crore. Founded in 1963, the women apparel label was the foundation brand for Limited... Continue Reading →

Italian luxury goods firm Bulgari is seeking government's permission to set up retail stores in India, according to reports. Media reports said that Bulgari, has made an application to the Foreign Investment Promotion Board (FIPB) for its investment under the single-brand route. Rome-headquartered Bulgari was founded in 1884 by silversmith Sotirio Bulgari as a single... Continue Reading →

Saudi Arabian retailer Fawaz Abdulaziz Alhokair plans to open nearly 250 stores at home and abroad this financial year, a top executive said, as the kingdom's booming retail sector provides a platform to expand into new markets. Alhokair has benefited in recent years from a buoyant consumer goods sector, boosted by rising incomes on the... Continue Reading →

Mr Duddy, 57, has been at Home Retail Group for 15 years, seven of those as chief executive. He said on Wednesday morning that he would step down by the company's annual general meeting on July 2 next year. Home Retail Group has not appointed a successor, and says chairman John Coombe will identify both... Continue Reading →

Landmark signs franchise deal with Candy Cakes Candelite hopes to bring the brand to another nine locations — a total of 14 locations in the UAE by mid 2014 Dubai: Candelite, a confectionary brand under Landmark Hospitality, said on Wednesday it has signed a franchise agreement with UK-based cupcake retailer Candy Cakes. The confectionary market... Continue Reading →

Inditex-owned fashion brand Massimo Dutti has reportedly had its application to enter India accepted by the country's Foreign Investment Promotion Board (FIPB). Massimo Dutti was given the green light last Tuesday (27 August), according to a Business Standard report. The move comes a year after the brand's first application to enter the country through a... Continue Reading →

Tim Hortons officially opened its first restaurant in Kuwait on Saturday, marking the company's 32nd location in the GCC. The Canadian Minister of International Trade, the Honourable Ed Fast, served the restaurant's first cup of coffee after shooting a ceremonial puck onsite at The Avenues Mall in Kuwait City. The expansion is part of the... Continue Reading →