Luxury Goods Spending to Reach €217 Billion in 2013

As reported in September, growth within the luxury industry is beginning to stabilise in the single digits to early-teens, after several years of ballistic double-digit increases. “The hypergrowth of recent years was destined to moderate,” confirms Claudia D’Arpizio, a Bain partner in Milan and lead author of the 12th Edition of the Luxury Goods Worldwide... Continue Reading →

Legoland Dubai to open in 2016

Legoland Dubai to open in 2016 Legoland Dubai is set to open in 2016 with global leisure parks giant Merlin Entertainment revealing fresh plans for the theme park. The park was first proposed in 2008 at a site within the wider Dubailand project, but was put on the backburner in 2010 amid the financial crisis.... Continue Reading →

Next raises full-year profit forecast after Q3 sales growth exceeds expectations

Clothing retailer Next raised its full-year profit forecast today after third-quarter sales growth exceeded analysts’ estimates, sending the shares to a record. An unexpected increase in sales at the company’s stores added to accelerating revenue growth at the Directory home-shopping unit, figures showed. “Investors will be encouraged by the performance in the third quarter and... Continue Reading →

Mr Price shares hit record amid slump

Mr Price Group Ltd. advanced to a record high after the South African clothing and furniture retailer said earnings climbed 18 to 22 percent even as household budgets tightened. The shares rose as much as 2.4 percent to 152 rand, the highest since Bloomberg began compiling data on the company in 1990, and traded 2... Continue Reading →

World Trade Center Mall in Abu Dhabi opens with the the first House of Fraser department store outside the United Kingdom and Ireland

Abu Dhabi’s latest mall, which features the first House of Fraser department store outside the United Kingdom and Ireland, opened its doors yesterday. World Trade Center Mall, located on the site of the emirate’s old Central Market, has 160 shops, more than 20 dining outlets and an eight-screen cinema. The department store stocks more than... Continue Reading →

Topshop debuts at Paris’ Galeries Lafayette

Topshop debuts at Paris' Galeries Lafayette Monday, 28 October 2013 Topshop has come to France. The directional high street fashion retailer has opened a concession in Paris' Galeries Lafayette department store. The concession features near 2,000 square feet and on display are Topshop's core fashion collections, including Topshop Unique, shoes, accessories, make-up in addition to... Continue Reading →

Starbucks offers Twitter gift cards

Seattle -- Starbucks is now offering gift cards that can be sent via Twitter. Under the company’s new “tweet-a-coffee program,” customers in the U.S. can sync their Starbucks account to their Twitter account and tweet to @tweetacoffee and the Twitter handle of the gift recipient, which will then send the recipient a $5 digital eGift.... Continue Reading →

Tommy Hilfiger opens Moscow store

Fashion lifestyle brand Tommy Hilfiger has opened its first independent store in Moscow. Housed in a historic building, the 197 square metre store at 7 Kuznetsky Most is situated in one of the Russian capital’s most prestigious shopping districts, close to the Bolshoi Theatre. rpa:group, which provided the detailed architectural design support and design visualisation... Continue Reading →

Holiday Shopping Survey Results 2013—Retail

Accenture survey results shed light on retail shopping trends for 2013 holiday season. Consumers expected to spend more, are still lured by Black Friday, but seek discounts both in-store and online. Accenture conducted an online survey of 500 U.S. consumers in September 2013. Based on their response, spending is expected to increase, consumers will be... Continue Reading →

EXCLUSIVE : River Island announce the release of the final Rihanna for River Island collection; Winter 13 , on 31st October

SAVED THE BEST FOR LAST! Following a successful collaboration with the Spring Summer and Autumn 13 collections, River Island is pleased to announce the release of the final Rihanna for River Island collection; Winter 13. The 40-piece winter collection which goes on sale in stores and online on November 7th, consists of glamorous and sexy... Continue Reading →

Ireland’s first totalhealth branded pharmacy opens in Westport

Totalhealth Pharmacy, a network comprising 40 of Ireland’s independently owned retail pharmacies, has officially opened Ireland’s first totalhealth branded pharmacy in Westport, where independent retail pharmacist, Sheila O’Donnell, based on Bridge Street, has rebranded to O’Donnell’s totalhealth Pharmacy. Established on Bridge Street in Westport for more than 60 years, and with a current staff count... Continue Reading →

Pick n Pay online growth surges

Retail giant Pick ‘n Pay has recorded 24% growth in its online business, it noted in announcing its interim results ended September 1, 2013. “We have grown Pick ‘n Pay Online into one of South Africa’s top online businesses, with turnover growth of 24% on last year and an increase in online shoppers of 15.8%.... Continue Reading →

Mideast retail leaders to meet in Dubai

Retail leaders will gather to discuss sustainable development of retail in the Middle East at a two-day forum in Dubai. The annual Middle East Retail Forum (MRF) and Images Retail ME Awards 2013 will take place at the JW Marriott Marquis on October 28 and 29 and is being sponsored by Line Investment, a subsidiary... Continue Reading →

Liz Earle website voted best online shop

Anyone who's shopped from Liz Earle's elegant website will be familiar with this little vignette: excitedly lifting the lid on a smart pastel turquoise box. Pushing through the stuffing to discover the treats you've purchased (probably with an exclusive web discount). Finding a little something extra - perhaps a new product sample or an extra... Continue Reading →

Bonmarché ready to float on the stock market

Sun European Partners, which bought Bonmarché from administration in 2012, is to take the womenswear chain public in London’s alternative stock market, the Alternative Investment Market (AIM) in November. "The success and strong performance enjoyed by the business over the last 18 months... makes this an opportune time to bring the company to AIM [London's... Continue Reading →

Blow for M&S as another senior exec departs

Marks & Spencer’s turnaround effort has suffered a blow with the departure of a third senior womenswear executive in a year. Gillian Ridley Whittle, the recently-promoted development and buying director, will join the Australian retail group Target, adding to the pressure on chief executive Marc Bolland. Analysts expect a drop in sales this quarter. Her... Continue Reading →

5 Must Know Facts About China’s Millennials

Everyone knows that the millennial generation is far different from its predecessors across the world, including in China, but what are the ways in which it differs? Research firm JWT Intelligence has recently tackled that question in a new report out entitled “Meet the BRIC Millennials“, a comprehensive survey of millennials in Brazil, Russia, India,... Continue Reading →

Ireland’s luxury retailer, Brown Thomas, debuts transactional online and mobile sites

Ireland's luxury retailer, Brown Thomas, debuts transactional online and mobile sites - Retail Times E-commerce drive Brown Thomas, Ireland’s premier lifestyle and fashion store and part of Selfridges Group, has chosen Venda, one of the world’s leading innovators and providers of digital commerce solutions, and Onstate, the creative commerce experts, to launch its first online... Continue Reading →

Google revenue rises to $14.89bn

Google Inc's quarterly results beat Wall Street's expectations as the Internet search giant expanded its mobile business while keeping ad-rate slides in check. It also offset deepening losses from Motorola. Shares of Google rose 6 percent to $941.25 in after-hours trading on Thursday after it reported a 23 percent rise in revenue from its Internet... Continue Reading →

Shoprite boss puts blame on manufacturing

Shoprite chief executive Whitey Basson has moved beyond blaming the usual suspects of unions and labour legislation for South Africa’s economic woes and has lashed out at the “declining” manufacturing sector for its lack of innovation and competitiveness. In his chief executive’s statement in the latest Shoprite annual report, Basson says he is concerned about... Continue Reading →

100 most powerful Indians in the GCC

EMKE Group boss Yusuffali MA has topped the Arabian Business Indian Power List for the fourth successive year. Published on Sunday, the retail king behind the hugely successful Lulu Hypermarkets chain of stores took the top slot ahead of food giant Feroz Allana. Standard Chartered banking boss V Shankar came third, ahead of healthcare boss... Continue Reading →

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