Inditex shares gain 11 percent in 2013

Inditex shares gain 11 percent in 2013 Friday, 27 December 2013 Inditex shares are about to close up for the fifth consecutive year. The stock has gained over 11 percent so far this year, targeting an annual closing price of 120 euros per share.With just a week ahead to put an end to the year,... Continue Reading →

Columbia Sportswear enters India;

The second largest outdoor and adventure retailer in the world in terms of revenues and, the largest in terms of volumes, Columbia Sportswear, has entered India with the launch of its first flagship store here in New Delhi. The 1938 found and Portland, Oregon headquartered brand has tied up with Chogori India Retail Limited(CIRL) for... Continue Reading →

Brown Thomas planning €9m makeover

Irish retailer Brown Thomas is planning to spend up to €9 million next year refurbishing the ground floor of its flagship department store on Grafton Street in Dublin. “We’re going to put in a new beauty hall, we’ll have new beauty brands coming in and we’ll be refitting our accessories,” managing director Stephen Sealey told... Continue Reading →

Nike profits jump 40pc

Nike has seen profits jump 40 percent, helped by higher average selling prices and an increase in revenue around the world. Fiscal second-quarter net income topped analysts' expectations, though revenue came in slightly short. Nike's shares rose 39 cents in aftermarket trading, having closed at $78.26 before the report. The stock has risen 52pc in... Continue Reading →

LVMH owner buys shares in Moncler

Bernard Arnault, owner of luxury conglomerate LVMH, has bought shares in luxury ski jacket manufacturer Moncler. Shares in the business closed 40 per cent up on the day, raising £574 million in what was the largest float seen on the Milanese bourse since Prada floated three years ago.

Toys ‘R’ Us to remain open 87 straight hours

Wayne, N.J. -- Toys “R” Us announced that, beginning at 6:00 a.m. on Dec. 21, it will remain open continuously through 9 p.m. on Christmas Eve, leveraging last-minute toy shoppers’ most frenetic shopping hours. All Toys “R” Us stores nationwide are advertising around-the-clock savings and deals during the final 87 hours of Christmas shopping, along... Continue Reading →

Carrefour to buy shopping malls in $2.8bn deal

Carrefour is teaming up with investors to buy 127 shopping malls in which it runs stores, in a $2.8 billion deal that marks the French retailer’s latest attempt to revive its struggling European hypermarkets. The world’s second-biggest retailer behind US group Wal-Mart has been battling for years to turn around its core hypermarket business as... Continue Reading →

Shoe retailer Pavers steps in to save Barratts

Shoe retailer Pavers has made an 11th hour rescue offer for footwear chain Barratts, which fell into administration last month for the third time in four years. Barratts hired financial advisers Duff & Phelps as administrators in November, risking 1,035 jobs, after failing to secure a £5m cash injection from investors in difficult trading conditions.... Continue Reading →


British lifestyle clothing brand, Joules, is opening its first airport store at London Gatwick’s South Terminal. The unit, which opens on December 13, is the brand’s first in an airport and, if successful, there are plans to roll more out across the UK’s airports in 2014. Blackjack Promotions has supplied retail sales assistants to get... Continue Reading →

2013: The year in UK retail

2013: The year in retail This year we saw retailers integrate social into every aspect of their business, from using Twitter and Facebook to market to and engage with customers to implementing social CRM to drive customer insights. The most successful retailers are investing in content and social media as they attempt to bridge the... Continue Reading →

UK Retail trends and predictions for 2014

Mike Coupe, group commercial director, Sainsbury's More savvy customers with better values: You don't need a crystal ball to see that many households will continue to struggle in 2014. Household budgets will remain under pressure and until we see an uptick in employment, the much-vaunted economic recovery won't boost consumer confidence overall. But shoppers are... Continue Reading →

Timberland uses SA base for African expansion

US OUTDOOR lifestyle brand Timberland, which has 25 stores in South Africa, is opening in Angola and Mozambique this month. The company, which first launched in South Africa in 1996, has a distributorship and retail development agreement with local firm Keystone Apparel Company, which also owns the rights to high-end men’s label Hackett London in... Continue Reading →

Woolworths to launch Australian brands, Witchery and Mimco, in stores

Following the successful introduction of Country Road and Trenery to South Africa, Woolworths will exclusively offer the iconic Australian brands Witchery and Mimco from March 2014. In October 2012 a Woolworths subsidiary, Country Road Limited, acquired the Witchery Group, including the Witchery and Mimco retail brands. Initially, Woolworths will offer Witchery’s women’s apparel, footwear, and... Continue Reading →

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