Number of large malls in South Africa estimated to grow to 180 by 2016

HARDLY a month has gone by this year without construction starting on yet another new mall or a newly completed one opening its doors. In fact, at least 25 new shopping centres, each one exceeding 30,000m² in size, are expected to be added to the market between 2013 and 2016, according to figures from the... Continue Reading →

R140 million Victoria Wharf Construction at V&A Waterfront completed

Undertaking an extensive expansion programme while minimising the impact on an estimated 24 million visitors per annum is no small feat. In a R140 million upgrade to its Victoria Wharf Shopping Centre, the V&A Waterfront has managed to not only improve its retail trade performance over the nine month construction period, but also increase the... Continue Reading →

Inditex’s renovation of Lefties

Lefties, owned by Spanish parent company Inditex, once stated out as an outlet store for left over stock from Zara, now appears to be in the process of reinventing its brand image. Although Lefties first began selling last season Zara stock, hence the name origin from the phrase 'left over,' little by little the name... Continue Reading →

Iceland acquires seven franchise Irish stores

Value supermarket Iceland Foods has acquired seven Iceland stores in the Republic of Ireland for an undisclosed sum, as the retailer accelerates its international expansion. Iceland Chairman and Chief Executive Malcolm Walker said the retailer sees great opportunities for growth in Ireland and said taking direct control of these stores will help it to ensure... Continue Reading →

Ikea doubles UK sales targets

The Swedish group said the medium-term home furnishing market looked bright as housing sales and consumer confidence improve. A spokesman said: “The economy looks like it’s picking up and we have every hope that will continue.” It has overhauled its ranges – including a £4million makeover of its living room and children’s departments nationwide –... Continue Reading →

Morrisons online deliveries to start in January

Morrisons has announced that its online delivery service will begin delivering groceries on 10th January 2014. Morrisons said its new online service will focus on freshness, with the website giving customers an indication of how good the food is via a rosette rating, representing the “quality of the product available for sale including the seasonality... Continue Reading →

Mr Price Home goes online

Value fashion retailer, Mr Price has taken its homeware division, Mr Price Home online. Mr Price Apparel launched its online sales platform in South Africa in July 2012 and internationally in July 2013. The group noted in its recent results presentation that it hoped to launch online businesses for Mr Price Home, Sheet Street and... Continue Reading →

Retail plan revealed in $5.5bn Doha Downtown project

Msheireb Downtown Doha, the flagship project of Msheireb Properties, will feature extensive retail outlets including a mall, its CEO said on Sunday. The Galleria will comprise approximately 100 stores set across four levels of shopping and entertainment space. Spanning approximately 48,000 square metres of gross leasable space, the Galleria will comprise an anchor supermarket on... Continue Reading →

H&M looks to Latin America for expansion

H&M is traversing Mexico in search for possible store locations following the opening of its 50,000-square-foot store in Guadalajara this month. Despite H&M insisting that they have yet to settle on a store location, members of the Mexican press are speculating that its next store could be in San Luis Potosí in central Mexico or... Continue Reading →

Dubai’s Emaar could spin off retail business

Dubai real estate giant Emaar Properties may consider spinning off its retail business into a separate entity, chairman Mohamed Alabbar said in an interview with Bloomberg Television. The company, which built the world’s tallest tower Burj Khalifa, currently counts Dubai Mall and Dubai Marina Mall among its retail assets. It has increasingly relied on revenue... Continue Reading →

First Starbucks outlet to open in Bangalore

New Delhi, Nov.20 (ANI): Famed coffee retailer Starbucks will soon open its first outlet in Bangalore. Starbucks, which has joint venture with Tata Global Beverages, parent of Tata Coffee will open its outlet in Bangalore on November 22. Addressing mediapersons here on Wednesday, Group President, Starbucks Coffee China and Asia Pacific John Culver said: "I... Continue Reading →

Hollister reveals new store concept

Hollister reveals new store concept Tuesday, 19 November 2013 Abercrombie & Fitch, owners and operators of Hollister Co., are introducing new changes to the existing store concept for Hollister. This announcement comes after the parent company reported its total sales for the third quarter had declined 12 percent from 1.17 billion US dollars, to 1.03... Continue Reading →

Dubai’s MAF to spend $54m on mall upgrade

Dubai’s Majid Al Futtaim (MAF) will spend AED200m ($54.4m) on upgrade works at its Sharjah City Centre mall. The refurbishment will include additional gross leasable retail space of 13,500 sqm, which will house a cinema and 28 new shopping and dining outlets, MAF Properties said in a statement. “Sharjah City Centre 's expansion and refurbishment... Continue Reading →

India’s Malls Struggling

India's malls are struggling amid weak consumer sentiment and poor planning, with up to 80 per cent of retail space lying vacant in more than 250 shopping centers that have opened in the country over the past couple of years, according to a survey. "Vacancy levels are due to poor location, poor design and poor... Continue Reading →

Crocs could be taken private

Crocs, known for its colorful clogs, is considering going private, according to reports. The company has held talks with a small group of private equity firms, including Blackstone and KKR, a source told Reuters. Representatives for Crocs, Blackstone and KKR either declined to comment or did not immediately respond to requests for comment. Crocs shares... Continue Reading →

Louis Vuitton opens ‘Townhouse’ in Selfridges

Following the opening of the J.Crew flagship store on Regent Street, today French luxury brand Louis Vuitton opened its new multi-leveled shop-in-shop, known as ‘Townhouse,’ in London department store Selfridges. The new shop-in-shop was designed by interior designer Gwenaël Nicolas to give its customers a true luxury Louis Vuitton experience. The project took over 4... Continue Reading →

Abercrombie & Fitch to offer larger sizes

Preppy American retailer Abercrombie & Fitch will introduce larger sizes in a bid to boost their ailing sales figures The brand has often been criticised for excluding larger women with their sizing and CEO Mike Jeffries has been surprisingly candid about the company's 'thin and beautiful' policy - which applies to both customers and staff.... Continue Reading →

Truworths slides most in four years

Johannesburg - Truworths International Ltd., South Africa’s largest listed clothing retailer, fell the most in more than four years as inflation curbed consumer spending and slowed its sales growth. The stock slid 8.1 percent to 85 rand by the 5 p.m. close in Johannesburg, the biggest decline since November 2008. Truworths was the worst performer... Continue Reading →

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