Tod’s yearly sales revenue up 1.7 percent in 2013

REPORT_ For the full year Tod’s sales revenues, at constant exchange rates, increased by 1.7 percent. Consolidated sales for the year were up 0.5 percent. In the fourth quarter of 2013, sales were up 0.8 percent from the same quarter of 2012. In financial year 2013 the impact of currency fluctuations was negative. Tod’s is... Continue Reading →

Target will open nine more Canadian stores in 2014

Target will open nine more Canadian stores in 2014. These will be in addition to the 124 Canadian Target locations that opened in 2013, tentatively bringing the total number of Canadian Target stores to 133 by the end of this year. Five of the nine Target stores will locate in former Zellers store locations. The... Continue Reading →

Dubai Mall records 75m visitors in 2013

The Dubai Mall received over 75 million visitors last year, driving a sales boost of 26 percent. Over 40 percent of the visitors to the mall were tourists with a majority of the overseas visitors coming from Saudi Arabia and other GCC countries, China, India, Russia and Europe," Emaar Properties said on Wednesday. Since the... Continue Reading →

Costa Coffee, has set up shop in Kochi.

Costa Coffee keen on expansion After Chennai and Bangalore in South India, Costa Coffee, one of the largest retail coffee chains in the world, has set up shop in Kochi. The British Deputy High Commissioner in Chennai, Bharat Joshi, opened the Kochi outlet at Lulu Mall. Santosh Unni, CEO, Costa Coffee-India, said the outlet would... Continue Reading →

Smiggle kids stationery retailer expands to UK

The Smiggle chain’s bright colours and cheap and cheerful stationery have proven a hit with Australia’s nine-year-old girls and boys. Now Mark McInnes is hoping youngsters in Britain will have the same appetite for Smiggle’s rucksacks, pencil cases, lunch boxes, drink bottles and erasers. The former boss of department store chain David Jones, who has... Continue Reading →

Superdrug posts 1.5% Christmas sales upturn

Superdrug has posted a rise in like-for-like sales over Christmas thanks to consumers’ tendency to buy beauty gifts, like perfume, over the period. The health and beauty retailer said like-for-like sales increased by 1.5 per cent over the period in the nine weeks to 28 December compared with figures from a year ago. 1.7 million... Continue Reading →

Luxury brand Kiton plans two stores in India

NEW DELHI: Italian luxury bespoke clothing company Kiton plans to open at least two exclusive stores in India to tap the country's booming market for super expensive menswear, a top executive said. Kiton, which entered the Indian garment market last year through a master franchisee deal with Mumbai-based Regalia Luxury Clothing, is also considering incorporating... Continue Reading →

Victoria Beckham confirms debut store

Victoria Beckham will open her first standalone shop on London's Dover Street in the autumn of 2014, as she reveals she's putting focus on the US market Victoria Beckham has confirmed that she will open her eponymous brand's first bricks-and-mortar store on London's Dover Street in the autumn. The designer has hired architect Farshid Moussavi,... Continue Reading →

Fat Face steps up IPO plans

Clothing retailer Fat Face has taken a further step towards a London listing by drafting in a raft of bankers to advise on a possible flotation. The company hired Lazard in December to explore options for the company. But following a buoyant Christmas trading period the business has now added Citi and Jefferies to work... Continue Reading →

Mr Price’s shares fall after sales data

Johannesburg - South African discount retailer Mr Price failed to impress investors with a 15 percent rise in third-quarter sales on Thursday, reflecting the lofty expectations for one of Johannesburg's most expensive stocks. Mr Price, which sells clothing and household goods, said sales growth for the three months to end-December rose 14.8 percent, helped by... Continue Reading →

Czech retail sales growth fastest in three years

Sharp growth attributable to Czech National Bank's controversial forex interventions, analysts say Prague, Jan. 10 (ČTK) — Czech retail sales grew 6.1 percent year on year in November 2013, showing the fastest increase since January 2011, after a 0.6 percent year-on-year drop in October, the Czech Statistical Office (ČSÚ) said today. The November growth was... Continue Reading →


Sears Holdings is down 15% after hours after the company warned of Q4 losses. The retailer sees Q4 adjusted loss of $2.01-$2.98. Analysts were looking for earnings of $0.26 per share. Quarter to date comparable store sales are down 7.4%. Year-to-date sales are down 3.9%. For the full year ending February 1, 2014, the Company... Continue Reading →

Hackett opens store in Jeddah

HACKETT celebrated the grand opening of its store in Saudi Arabia alongside Car Maker Aston Martin at an event on Tahliyah Street, Jeddah. Part of Hackett Tradition with Aston Martin, Sheikh Abdullah Binzagr arrived at the event in an Aston Martin to open the store officially to the public, as guests were invited to the... Continue Reading →

Macy’s To Cut 2,500 Jobs In Reorganisation

US retail giant Macy's has announced it is cutting 2,500 jobs as part of a reorganisation to sustain profitability. The department store chain says it will reassign or transfer some workers and add some positions, leaving its workforce level at about 175,000. The Ohio-based company said it plans to close five stores and open eight... Continue Reading →

New shopping mall opens in Botswana

The mall, situated along the A1 road in Botswana, will house amongst other shops, Edgars, JB Sports, Jet, pharmacies, Choppies Supermarket and food outlets which would include Nandos and Wimpy. The project manager, Mr Tony Montahna told stakeholders during a tour of the mall that work was progressing well and tenants were done with the... Continue Reading →

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