Uniqlo to enter Los Angeles market in September; announces five locations

New York -- Uniqlo will continue its expansion in the United States by entering the Los Angeles market. The Japanese retail powerhouse announced it will open five stores in the Los Angeles area, starting in September, with locations at South Coast Plaza, Costa Mesa; Northridge Fashion Center, Northridge; and Glendale Galleria, Glendale. In October, the... Continue Reading →

Next Raises Forecasts After Beating Estimates

Next Plc (NXT), the U.K.’s second-largest clothing retailer, raised its full-year profit forecast little more than a month after setting it, as sales for the first quarter of the year exceeded analyst estimates. The retailer also increased its sales predictions for the second time this year after the early part of 2014 benefited from warmer... Continue Reading →

Tesco to sign UAE partnership deal

Tesco, the world’s third largest retailer, will this week formally sign an exclusive partnership with Dubai-based supermarket chain Choithrams, sources have confirmed. The partnership will be officially announced at a press conference in Dubai on Wednesday and will pave the way for Tesco-branded products being exclusively sold in Choithrams’ 31 stories across the UAE, a... Continue Reading →

La Perla opens in Hong Kong and Macau

Italian luxury lingerie specialist La Perla pursues its international retail expansion with two new store openings in Hong Kong at Harbour City and in Macau at The Venetian. Both stores feature the lingerie and ready to wear lines of the house. The stores reflect the new retail store concept signed by Roberto Baciocchi. La Perla... Continue Reading →

Miu Miu opens third store in Beijing

Miu Miu (Prada Group) opened this week its third store in Beijing at the recently renovated In88 Mall in Wanfujing district. The new Miu Miu store covers 420 sqm on two floors and features ready to wear, shoes, eyewear and handbags. Miu Miu operates its largest flagship store in Beijing at the Sanlitun Village and... Continue Reading →

Burberry opens digital boutique on Chinese marketplace Tmall.com

Luxury British fashion house Burberry has become the first premium brand to join Chinese company Alibaba Group online marketplace, Tmall.com with the launch of its digital storefront. Burberry's official Tmall.com store launched on Thursday and offers tailored selection of the brand's product range, including menswear, womenswear, fragrance and accessories. The store opening coincided with the... Continue Reading →

Cartier opens new store in Venice, Italy

French jeweller Cartier opened this week a new store in Venice, Italy at 1474-1475 Calle San Moisè , steps from San Marco Square. The new store features the new retail concept of the brand and includes both jewellery and watches. The new store is larger than its former location.

UAE’s second largest mall to launch in November

Aldar Properties , Abu Dhabi's leading listed property development, investment and management company, has announced that anchor tenants have accelerated fit-out of their units at Yas Mall in preparation for the scheduled opening in November to coincide with the 2014 Formula One Etihad Airways Abu Dhabi Grand Prix. Tenants are now actively engaged with the... Continue Reading →

Dior opens new store in Vienna

Situated in the heart of Vienna in the Goldenes Quartier (1, Wallnerstrasse), the new Dior boutique in Vienna spreads over its two floors. On the ground floor, timepieces rub shoulders with the accessories, fragrances from the Collection Privée Christian Dior and leather goods creations, with a special area given over to precious skins. On the... Continue Reading →

Samsung’s First Retail Stores Open In The UK

Samsung's First Retail Stores Open In The UK The first Samsung store will open today. Samsung is planning to open up 60 stores across Europe in partnership with the Carphone Warehouse which will sell exclusively Samsung products. Samsung Experience Stores have opened already in Germany, Portugal, Netherlands, Sweden, Spain and Ireland but now the UK... Continue Reading →

Miu Miu opens second store in Toronto

Located in the city’s prestigious Holt Renfrew Yorkdale department store, the new Miu Miu shop-in-shop features handbags and accessories collections. In a sophisticated setup, the Miu Miu boutique features original, polished-steel and mirrored cellular polycarbonate display cases set against iconic damask fabric walls. The warmly-lit space sets off the two elements to perfection, framing and... Continue Reading →

Nigeria becomes Africa’s biggest economy

Nigeria has "rebased" its gross domestic product (GDP) data, which has pushed it above South Africa as the continent's biggest economy. Nigerian GDP now includes previously uncounted industries like telecoms, information technology, music, online sales, airlines, and film production. GDP for 2013 totalled 80.3 trillion naira (£307.6bn: $509.9bn), the Nigerian statistics office said. That compares... Continue Reading →

House Of Fraser Bought By Chinese Tycoon

A Chinese tycoon has bought British high street chain the House of Fraser, according to sources. Reuters said a 89% stake was bought by Sanpower, a Nanjing-based conglomerate controlled by Yafei Yuan. Sources have told Sky News an announcement is expected imminently. House of Fraser will now seek strategic growth in mainland China as part... Continue Reading →

Shiseido to launch ‘Za’ brand in India

NEW DELHI: Japanese personal care products maker Shiseido Co is foraying into the high-end skincare and makeup segment in India with its brand 'Za' and plans to sell products through 250 sales points across the country by the end of 2014. "The 'Za' brand will be launched in the second quarter of the year," Shiseido... Continue Reading →

Claire’s names new CEO

Chicago -- Claire's Stores on Tuesday said its CEO, James D. Fielding, has resigned. He will be replaced by Beatrice Lafon, currently president of Claire’s Europe, effective April 2. The specialty retailer also posted a lower profit for the fourth quarter amid a drop in sales. Fielding joined Claire's from The Walt Disney Co. in... Continue Reading →

David Cameron In Waitrose Shoppers Row

David Cameron In Waitrose Shoppers Row Last Updated 14:36 03/04/2014 Anushka Asthana, Political Correspondent Labour has branded David Cameron as "stuck-up" and "out of touch" for saying the most friendly supermarket shoppers are found at the high-end Waitrose. Michael Dugher, the shadow cabinet office minister, said: "There's nothing wrong enjoying shopping at Waitrose but Cameron... Continue Reading →

Sing’pore retail rents edge higher in Q1: Colliers

Singapore retail rents edged higher in the first quarter of 2014, helped by continued store openings by local and international brands which offset an expected surge in new retail space, property consultant Colliers International said on Tuesday. SINGAPORE: Singapore retail rents edged higher in the first quarter of 2014, helped by continued store openings by... Continue Reading →

10 best retail companies in India to work for in 2014

Research and consulting firm, Great Place To Work Institute and Retailers Association of India (RAI) came together to recognise India's Top 10 Best Retail Companies To Work for in 2014. The companies were considered on the basis of five dimensions: credibility, respect and fairness, pride and camaraderie. By executing practices across areas such as inspiring,... Continue Reading →

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