Selfridges plans for a £10m overhaul of its Oxford Street flagship

Selfridges is planning a £10 million overhaul of its Oxford Street flagship store in London. Taking on-board an engineer Expedition, architecture consulting firm Gensler and construction manager Blue Sky Building, the British luxury department store is hoping to renovate the historical building in order to create greater retail space. Furthermore, it plans to build an... Continue Reading →

Waitrose in export South Africa export deal - Waitrose has announced its first export deal in South Africa. The deal means that the supermarket will be selling its products in every continent, with the exception of Antarctica, and exports to 50 countries across the globe. In one of its biggest deals to date, more than 250 of the supermarket's own-brand groceries... Continue Reading →

Superbrands uk 2014 results and reports

About Superbrands® Superbrands commissions independent research to identify the UK’s strongest brands, as voted for by marketing experts, business professionals and thousands of British consumers. Superbrands UK is part of a global business operating in over 50 countries. Superbrands Worldwide. 2014 Results There are two separate surveys: Consumer Superbrands (the UK’s strongest B2C brands) and... Continue Reading →

Starbucks Ireland profit up 47% in 2012

The Irish arm of coffee giant, Starbucks increased its profits after tax by 47 per cent to €721,327 in 2012 – but paid no corporation tax. Accounts just filed by Ritea Ltd – formerly Starbucks Coffee Company (Ireland) Ltd – show it increased operating profits 40 per cent to €801,416, from €570,450. Net interest payments... Continue Reading →

Apple wants to open own stores in India

Apple Inc, the maker of iPhones and iPads, has asked the government to relax the local sourcing clause in its policy on foreign direct investment (FDI) in single-brand retail. Though government officials seem to have ruled this out for now, the proposal has not yet been closed. The company’s senior management executives recently met officials... Continue Reading →

Mothercare boss Simon Calver quits

Mothercare boss Simon Calver has resigned as chief executive from immediate effect. The news comes six weeks after the retailer issued a profit warning. Group worldwide sales fell 6.1% in the 12 weeks to 4 January, with UK like-for-like sales down 4%. The group made a loss of £21.7m in the UK in its last... Continue Reading →

Hobbs chief exec Nicky Dulieu to leave

Nicky Dulieu, chief executive of Hobbs is to leave the retailer after five years. Dulieu, who joined the womenswear chain in 2006, is expected to remain in her position until spring and will continue to work with the retailer after standing down from the top role, according to Draper’s sister magazine Retail Week. Dulieu joined... Continue Reading →

Wendy’s sells 70 restaurants in Dallas area

Dublin, Ohio -- The Wendy’s Company announced the sale of 70 restaurants in the Dallas-Ft. Worth metroplex to Texas-based MUY Hamburger Partners, a Wendy's franchisee. The transaction is designed to promote new restaurant growth and reimaging, while generating a more predictable revenue stream for the company. Wendy’s is geographically concentrating its restaurant ownership through the... Continue Reading → prepares for £500m float

Online fashion retailer is expected to enter the stock exchange in a £500million float within the next fortnight. The Manchester-based business, which reported a £3.2million profit on £67m turnover for the year ending February 2013, will start selling shares to the public in March this year. It is believed that the company is majority... Continue Reading →

HomeServe In Record Retail Mis-Selling Fine

Domestic repair insurance firm HomeServe has been hit with the largest fine ever imposed on a retailer. The Financial Conduct Authority (FCA) said the £30.6m penalty was for "serious, systemic and long-running failings". The FCA said that for six years the company targeted customers in a profit-driven culture. The fine related to company activity between... Continue Reading →

Superquinn stores to be renamed SuperValu

It has been in business for 54 years, but the Superquinn brand will be checking out of the Irish grocery market for good tomorrow. Cork wholesale group Musgrave, which acquired the business for €229 million in October 2011, has decided to ditch the Superquinn name and rebrand its supermarkets under the SuperValu banner. All 24... Continue Reading →

Qatar wealth fund pumps $412m into Harrods

Qatar’s sovereign wealth fund has invested £250m ($412m) into London luxury department store Harrods since acquiring it four years ago, a senior executive revealed. Ahmad Al-Sayed, CEO of Qatar Investment Authority (QIA), said in a rare public appearance that the UK would remain a “main destination” for the fund, which was a “long-term investor” in... Continue Reading →

First mobile mall launched in the MidEast

A new mobile phone app, which claims to be the region’s first mobile mall, was launched in Dubai on Tuesday and is hoping to replicate its success in Europe and North America. Branded as SAMY, the award-winning app enables merchants and shopping centres to extend their reach to smartphone users and engage with potential new... Continue Reading →

Flip Flop Shops expands to South Africa

Atlanta-based Flip Flop Shops is expanding to South Africa. The news comes on the heels of the company’s announcement in late January it has inked a franchise deal with Al Mana Fashion Group to open 50 stores in the Middle East. The company says it will develop 25 additional shops throughout South Africa, Zimbabwe and... Continue Reading →

Poundland to open stores in spain

Poundland, the UK's leading high street fixed price discounter has announced it is to open a number of stores in Spain under the Dealz fascia. Possible wider roll out Poundland has outlined plans to open 10 stores in Spain over a two-year period ahead of a possible wider roll out if the trial is successful.... Continue Reading →

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