Newly opened in Hamburg is British icon Paul Smith‘s very first retail location in Germany. Situated in an elegant mid-19th century Biedermeier-era townhouse in the city’s historic Altstadt district, the shop carries both men’s and women’s clothing alongside accessories, furniture, and more. Within the stone facade, each room has been uniquely designed to pay homage... Continue Reading →

Chinese tycoon in talks to buy UK retailer House of Fraser

Chinese business tycoon Yuan Yafei is in talks with British department store group House of Fraser regarding a bid that values the company at more than 450 million pounds ($749 million), according to a source familiar with the situation. The proposed take-over, first reported by British newspaper The Sunday Times, was tabled by Sanpower, the... Continue Reading →

Shoprite opens in northern Nigeria

Shoprite opened its first outlet in northern Nigeria on Thursday, as part of an aggressive expansion drive and defying wider concerns about security in the region. The store in Kano, the north’s largest city and main commercial hub, is situated in the new $110 million (R1.2 billion) Ado Bayero Mall that has taken three years... Continue Reading →

Tesco seals retail deal in India

Mumbai, March 21: Tesco, the £72-billion British retailer, today announced that it had picked up a 50 per cent stake in Tatas-owned Trent Hypermarket Ltd (THL), becoming the first global supermarket chain to enter India’s multi-brand retail segment. The world’s second-largest retailer by profits will invest £85 million (or Rs 850 crore) in THL. In... Continue Reading →

Temasek buys $6bn stake in Watsons

Asian tycoon Li Ka-shing will sell a near 25 per cent stake in his AS Watson health and beauty chain to Singapore’s Temasek for $5.7bn, rather than pursue a planned dual listing in Hong Kong and London. The investment was announced late on Friday by Hutchison Whampoa, the conglomerate controlled by Mr Li that owns... Continue Reading →


Sources tell us that Japanese fast-fashion retailer Uniqlo will open in Canada, and that it will arrive via Nordstrom. We cannot confirm this information, though we have been contacted by sources from across Canada (as well as one in the United States) notifying us of Uniqlo and Nordstrom's potential business relationship. If these sources are... Continue Reading →

Express first-quarter profit forecast misses estimate

Apparel retailer Express Inc forecast a profit for the current quarter that fell far short of analyst expectations, citing deep discounting and a steeper-than-expected fall in store traffic. The company's shares fell 17 percent in premarket trading after the specialty fashion apparel retailer also reported fourth-quarter results that also missed analyst estimates. Express said it... Continue Reading →

Next annual profit jumps by 12%

Next has reported a 12% increase in annual profits to £695m. The UK fashion retailer also reported a 5.4% growth in sales to £3.7bn to the end of January, and increased its expectations for the year ahead. Sales via its online and catalogue business, Next Directory, grew by more than 12%, while sales at its... Continue Reading →

Mall of America kicks off $325 million expansion

Bloomington, Minn. -- Mall of America has launched a $325 million expansion project in cooperation with Mortenson, a U.S.-based construction and development services company, Hotel Development LLC, an enterprise of the Shakopee Mdewakanton Sioux Community, and the city of Bloomington, Minn. The expansion will include a 342-room JW Marriott hotel, office tower, high-end retailers, new... Continue Reading →

British government leads high-end retail to UAE

The British government is hopeful that high-income earners in the United Arab Emirates are ready to splash out on luxury brands exporting their products to the country. Lord Ian Livingston, UK Minister of State of Trade and Investment, is visiting the UAE to launch a brand awareness campaign for British retail, luxury and design companies.... Continue Reading →

Arvind Buys 49% in Calvin Klein India

Sanjay Lalbhai-controlled Arvind has finalised a deal to buy out 49% stake jointly held by the Murjani Group and the US-based private equity fund Matrix Partners in Calvin Klein India for close to 100 crore, said three persons close to the transaction. The deal will help the denim major widen its ties with its existing... Continue Reading →

Ulta Q4 profit up 9.5%; to open 100 stores

Bolingbrook, Ill. -- Ulta Beauty’s fiscal fourth-quarter earnings rose 9.5% on better-than-expected sales. The fast-growing beauty products retailer plans to add 100 net new stores, expanding square footage by 15% and remodel 12 locations in its current fiscal year. “Ulta Beauty achieved excellent top line growth in the fourth quarter,” said Mary Dillon, CEO. “We... Continue Reading →

Ann Summers to sell Knickerbox

Ann Summers is putting the underwear brand Knickerbox up for sale as the lingerie and adult toys company tries to recapture the risqué edge that made it a success story. The retailer has hired accountants KPMG to run a sale process for the business. It is thought interest may come from big supermarkets and department... Continue Reading →

Boohoo Shares Soar 50% On AIM Flotation

Online fashion retailer has seen its shares jump by more than 50% on its first day of trading on the stock market. The company, listed on London's alternative investment market (AIM) exchange, is now valued at around £870m. Its shares first started at 70% above the offer price of 50p each, before easing. Continue Reading →

Tesco Paves Way For Finance Director’s Exit

Tesco is preparing the ground for the departure of its finance director amid tensions with its chief executive as the retail giant attempts to reverse the declining fortunes of its core UK operations. Sky News has learnt that Laurie McIlwee, who has served as Tesco's chief financial officer since 2009, could leave the company within... Continue Reading →

New Look’s chairman to step down

It has been confirmed by New Look that its chairman, Alistair McGeorge, is to step down from the Board at the end of May 2014 to pursue other opportunities. McGeorge who entered the fashion retailer in 2011 following the retailer’s then chief executive, Carl McPhail’s departure. At that time, the retail had made pre-tax losses... Continue Reading →

Staples Will Close 225 Stores As Sales Decline

Staples Inc., the largest U.S. office supplies retailer, forecast a fall in current-quarter sales as it loses customers to mass market chains and e-retailers, and the company said it would close up to 225 stores in North America by 2015. Staples' shares fell 9 percent before the bell, after the company also posted lower-than-expected fourth-quarter... Continue Reading →

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