thanks for following us and here's to another year of the latest retail news
Retail360 wishes all it’s followers a Happy New Year .. …
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 →
Qatar said to eye UK’s Marks & Spencer in $12bn deal
Qatar’s sovereign wealth fund is eyeing UK retail chain Marks & Spencer in a GBP £8bn (US$12bn) deal, according to London’s The Sun newspaper. Qatar Investment Authority (QIA) purchased London luxury store Harrods for GBP£1.5bn in 2010 and already owns a string of other assets in the UK, including a 26 percent stake in supermarket... Continue Reading →
Bumper Boxing Day sales as shoppers embark on £2.7bn spending spree
Bumper Boxing Day sales as shoppers embark on £2.7bn spending spree Record spending in the Boxing Day sales delivered a Christmas boost to Britain’s retailers on Thursday, confounding fears of a festive slump. More than £2.7 billion was spent in stores and at online retailers across the UK, with many shops reporting their busiest Boxing... Continue Reading →
Retail news is now available on flipboard …
Retail news is now available on flipboard ...please follow us for the latest retail news
Coach top the list for most Googled fashion brand in 2013
Google has released its 2013 Google Zeitgeist, listing the most searched-for terms, people, places and moments throughout the calendar year. US leather goods brand Coach topped the list for most searched for fashion brand by UK Googlers this year, toppling Stella McCartney who was last year’s most searched-for fashion brand. Coach has three stores in... Continue Reading →
Waitrose to open six new stores at Welcome Break sites
Waitrose has announced that it will be opening six new branches at Welcome Break sites across the UK within the next four months. The partnership between Waitrose and Welcome Break began in 2009, and has seen new branches being rolled out across the UK in order to satisfy customer demand. A deal was struck earlier... Continue Reading →
Tiffany Ordered to Pay Swatch $449 Million in Watch Case
Tiffany Ordered to Pay Swatch $449 Million in Watch Case Dec. 23 (Bloomberg) -- Swatch Group AG won an arbitration award of about 402 million Swiss francs ($449 million) from Tiffany & Co, after the timepiece maker claimed a breach of contract at their joint venture. Strategic Group's Burt Flickinger and Citigroup Global's Steven Englander... Continue Reading →
Retail news is now available on flipboard …
Retail news is now available on flipboard ...please follow us for the latest retail news
Aldi Plans to Expand U.S. Store Count by 50%
Aldi Einkauf GmbH, the German-based discount grocer, will open 650 new U.S. locations by 2018, increasing its store count by 50 percent as it expands across the nation. Closely held Aldi plans to invest about $3 billion to open 130 stores a year, to reach 1,950 by 2018, and build a regional headquarters and distribution... Continue Reading →
Harrods exec tapped as Saks chief marketing officer
New York -- Saks Fifth Avenue, a subsidiary of Hudson’s Bay Company, announced the appointment of former Harrods executive Mark Briggs as chief marketing officer for Saks, effective March 2014. He will report to new president Marigay McKee, another former Harrods executive. Briggs was director of store image at Harrods for 20 years and was... 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.
House of Fraser in talks over takeover by Galeries Lafayette
House of Fraser is in talks to be acquired by the French department store chain Galeries Lafayette, it was reported today. The retailer, which has 61 stores in the UK and Ireland, is said to be looking at a price tag of at least £450million, according to the Financial Times. However, House of Fraser is... Continue Reading →
Edcon to distribute UK brand River Island in South Africa
UNLISTED retail group Edcon has signed a franchise deal with British high street brand River Island, providing the local leading company with sole distribution rights in South Africa. The first flagship store is set to launch in Rosebank, Johannesburg, in June next year, with additional flagship stores expected to open in Cape Town in October.... Continue Reading →
Tesco to enter multi-brand retail in India with Tata’s Trent
UK retail major Tesco said on Tuesday that it is planning to enter multi-brand retailing in the country in partnership with Trent, the retail arm of the $97 billion Tata Group. Tesco said it has made an application to the Foreign Investment Promotion Board (FIPB) in this regard, making it the first multinational retailer to... Continue Reading →
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 →
Accessory brand, Mat & May, opens kiosk in Cavendish Square, Cape Town
Accessory brand, Mat & May, opens kiosk in Cavendish Square, Cape Town Accessory brand, Mat & May launched its new fashion kiosk in Cavendish Square Mall in Cape Town earlier this month. The brain child of The Foschini Group, Mat & May has caught the attention of fashionistas around the country since its launch in... Continue Reading →
UAE’s Majid Al Futtaim rebrands with $5bn investment plan
Dubai-based shopping mall, retail and leisure group Majid Al Futtaim has heralded a new era in the family-owned company by announcing Tuesday a $5bn investment plan as part of its new unified branding push. Under the new direction, a diverse group of companies will unify under one umbrella corporate brand – Majid Al Futtaim –... Continue Reading →
Marks & Spencer rolls out interactive, self-service terminals across high street stores
Marks & Spencer is rolling out new self-service terminals in its high street stores, which allow customers to browse for products held either in-store or online as well as pay for goods with Chip and PIN. The Polytouch screens have been supplied by retail and and banking solutions company, Wincor Nixdorf, in collaboration with Pyramid... 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 →
Primark opens its doors for the first time in France.
Primark says it wants to capitalise on a “huge expansion opportunity” across Europe as it opens its doors for the first time in France. The discount fashion retailer opened a store in Marseille on Monday, attracting crowds of shoppers as it offered its cut-price t-shirts, jeans and pyjamas to the fashion-conscious French for the first... Continue Reading →
The world richest Arabs : Rich List 2013:
click here to see the list ......... Last year, the combined wealth of the world’s 50 wealthiest Arabs stayed almost exactly the same as it had done in 2011. This came as something of a surprise, given the economic strength of the Gulf region - where the majority of our entries are based - and... Continue Reading →
Skincare brand Kiehl’s to double stores
Kiehl's, the premium skincare brand, is to double its presence in the UK with plans to open a further 24 stores within five years. The upmarket brand, which has been owned by L’Oréal since 2000, is to expand in the UK as part of plans to triple the business globally in the next three years.... 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 →
100 jobs created as new stores open at Jervis Shopping Centre
Six new stores have opened in Dublin, creating 100 new jobs. Jervis Shopping Centre, on the north side of Dublin city, said the new shops are open for Christmas shoppers. The shops include Irish retailer Carraig Donn, fashion accessory store Parfois, Cherry Crystal which sells crystal jewellery, eateries Kay’s Kitchen and Waffely Good, and The... Continue Reading →
Debenhams appoints first female board-level executive director
Suzanna Harlow was yesterday promoted to Debenhams board of directors, becoming the first female board-level executive director at the department store. Harlow has worked at the retailer since 1994, and as group trading director since 2008. Nigel Northridge, chairman of Debenhams, said: "We are delighted to welcome Suzanne to the board. We have made significant... Continue Reading →
Will SA retailers follow Woolworths and pull out of Nigeria?
Will SA retailers follow Woolworths and pull out of Nigeria? Thursday, 12 December 2013 13:35 Published by eProp Commercial Property News In fact, Broll expects more South African retailers, especially value retailers, to seek opportunities in the Nigerian market in the coming months and years. "Yes, doing business in Nigeria is a challenge. But if... Continue Reading →
JOULES MAKES TRAVEL RETAIL DEBUT AT GATWICK
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 →
Cotton On to Body opens second store in South Africa
Due to popular demand, Cotton On Body opened their second stand-alone Cotton On Body store in South Africa at Blue Route Mall, Tokai, on 7 December 2013. To date, South Africans have only been given a small taste of Cotton On Body, which was part of the Cotton On Group Mega Store and has since... Continue Reading →
SA Retailers to close for Madiba funeral
A number of large retail chains in South Africa announced that they will not open for business on the day of Nelson Mandela's funeral. The late peace icon will be buried on Sunday, December 15 at Qunu in the Eastern Cape. According to a Moneyweb report, the retailers say they want staff and customers to... Continue Reading →
Fifth & Pacific will sell Luck Brand Jeans for $225mT
Fifth & Pacific on Tuesday announced the sale of Lucky Brand Jeans as it looks to focus its resources on what it describes as "the huge opportunity at Kate Spade”. Private equity firm Leonard Green & Partners LP will spend USD 225 million to acquire Lucky Brand Jeans, USD 140 million of which will be... Continue Reading →
Louis Vuitton to move Mayfair headquarters to King’s Cross
Louis Vuitton is centrally heaquartered in Paris but also has an outpost in the UK Photo: REX Louis Vuitton will be the first company to inhabit the Gidiron building at One Pancras Square when it decamps some two miles from Bond Street, Mayfair to King's Cross. Formerly a red-light district, the area once simply known... Continue Reading →
Retail news is now available on flipboard …
Retail news is now available on flipboard ...please follow us for the latest retail news
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 →
Australian luxury retailer makes debut in Gulf
Australian luxury retailer makes debut in Gulf Australian luxury accessories and lifestyle brand Oroton has added another milestone to its 75-year history with the official launch of its first boutique in the Middle East in Dubai. Located at the new extension of Al Ghurair Centre, in the heart of Deira, it follows the opening of... Continue Reading →
Mango launches plus-size line Violeta by Mango
The Spanish fashion retailer is to debut a new plus-size line, Violeta by Mango, in early 2014. The range, dubbed a 'youthful fashion collection' will come in sizes 12 to 24. It will launch online in the UK on January 15 and in store in its seven largest markets: France, Germany, Italy, the Netherlands, Turkey,... Continue Reading →
LVMH buys 40 percent of Australian 2XU for 75 million
L Capital has gone on shopping yet again. LVMH’s investment vehicle has sealed the acquisition of a 40 percent stake in Australian sports fashion brand 2XU at 75 million Australian dollars. LVMH’s top executive for the Asian market has valued the brand in circa 200 million Australian dollars. 2XU and Lazard Private Equity’s choice of... Continue Reading →
UAE overtakes South Korea and Chile in global retail poll
Improvements in infrastructure have helped the UAE overtake South Korea, Chile and Malaysia in a poll ranking countries on the ease of entry for retailers. The UAE rose four rungs to 11th spot on the annual league table compiled by the consultancy EC Harris. The ranking of 48 countries is based on the quality of... 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 →
Hermès launches stand-alone boutique in Harrods
French luxury good company Hermès has opened its first stand alone fine watch and jewellery boutique in the United Kingdom at the Qatar-owned Harrods department store in London. The new boutique, opened in the Fine Jewellery room on the ground floor of the iconic Knightsbridge store, will showcase the brand’s most precious pieces from its... Continue Reading →
November retail news South Africa
Parker review download now click here to download
Retail news is now available on flipboard …
Retail news is now available on flipboard ...please follow us for the latest retail news
Warehouse plants flagship store on Oxford Street
British retailer Warehouse stands to open its first flagship shop on Oxford Street by next year February in hopes of reaching a wider and more international audience. The newly rented store, which offers 2,500 square feet of retail space at 264 Oxford Street used to be a Monsoon store, according to Retail-Week. The new flagship... Continue Reading →
retail news 