Johannesburg - Edgars has been appointed winner in a number of categories in 2014’s Target Group International (TGI) Icon Brand Survey - the largest consumer survey of its kind in Africa. The Icon Brand Survey had over 15 000 consumers interviewed across socioeconomic levels. Edgars has been selected by consumers as Best Mens Store, Best... Continue Reading →
Harrods London will unveil its largest project to date this week, a 42,000-square-foot shoes haven (three times the size of the previous space) designed by David Collins Studio. The space which is conceived to resemble a luxurious hotel suite will feature an array of the finest luxury ladies shoes brands, including Manolo Blahnik, Christian Louboutin,... Continue Reading →
JEDDAH - Loblaw, owner of the Joe Fresh brand, in partnership with Fawaz A. Alhokair & Co., has announced the opening of the first three Joe Fresh stores in Saudi Arabia. The first 4,800sq ft store in Mall of Dhahran opened on July 2, 2014, followed by the 4,500sq ft in the Sahara Mall which... Continue Reading →
Aldi is poised to overtake Waitrose to become the sixth largest grocery retailer in the UK as initiatives to expand its customer base helped it to double-digit sales growth, according to the latest figures from Kantar Worldpanel. Video: Aldi’s latest campaign encouraging consumers to switch to the discounter. For the 12 weeks to the 20... Continue Reading →
Selfridges has unveiled a new designer menswear area at its London store as part of its multimillion pound 'Menswear Masterplan'. Created in collaboration with architect Alex Cochrane, the new 290 sq m space, called Designer West, houses 12 new labels to Selfridges along with carefully selected brands such as Yohji Yamamoto and Comme des Garcons.... Continue Reading →
The store offers a large selection of Tod’s collection of men’s ready-to-wear, bags, shoes, leather goods, and the J.P.Tod’s Sartorial Collection. Located at the Landmark Mall, the store’s interior is modern understated luxury that features the use of materials such as Hamman leather on walls, and diamond patterns on the marble floor.
Christian Dior Couture, the parent company of Christian Dior SA and LVMH Group, reports first half year sales increased by 13.4% to 747 million euro, or 1.02 billion dollars at average exchange for the period. The French fashion house said profits from recurring operations increased 47% in the second half of its fiscal year to... Continue Reading →
Michael Kors opened this week its first store in Sicily, in the city of Palermo. Situated on via della Libertà, the new Michael Kors lifestyle store which covers 380 sqm, features the Michael Kors and MICHAEL Michael Kors labels, with a wide rannge of product categories: ready to wear, watches, jewellery, shoes and eyewear.
Pepe Jeans Group, the clothing retailer known for its denim and sportswear brands, hired Morgan Stanley (MS) to explore the sale of the business, according to people familiar with the matter. The sale will include both the Pepe Jeans and Hackett brands and could fetch as much as 700 million euros ($941 million), the people... Continue Reading →
Chief executive of Net-A-Porter Mark Sebba to stand down | City A.M. Mark Sebba, the chief executive of online luxury fashion retailer Net-A-Porter is to stand down later this week after 11 years, during which the company’s innovative approach has grown it into a major player in the sector. Sebba joined the company in 2003,... Continue Reading →
Discount variety-store retailer Dollar Tree Inc., based in Chesapeake, VA, will acquire Charlotte, NC-based Family Dollar Stores Inc. for $8.5 billion in stock and cash, the companies said Monday. Dollar Tree will have more than 13,000 stores in the U.S. and Canada once the companies are combined. There’s no word on whether or how many... Continue Reading →
Louis Vuitton has confirme the opening of its second airport store in London’s Heathrow Airport this December. The Louis Vuitton which will be located within Terminal 5 and will cover 200 sqm, will feature leatherwear and accessories for men and women, as well as women’s ready-to-wear. The first Louis Vuitton airport store opened in 2011... Continue Reading →
US designer Donna Karan is set to close the doors of her Collections New York flagship store on August 31, the same day when the lease expires for the three leveled retail unit. Located at 819 Madison Avenue, the 11,000 square foot flagship store offers Donna Karan's women's wear collection, accessories range as well as... Continue Reading →
Subrata Roy Sahara, chairman of the Sahara Group, is putting up for sale the Plaza Hotel and Dreams Downtown Hotel in New York, as well as London’s Grosvenor House, to make the US $1.66 billion bail to get him out of jail. According to The Economic Times, at least one of the properties, the Marriott-operated... Continue Reading →
Gigantic retailer Amazon grew sales 23 per cent, year on year, in its second quarter of 2014 – and managed to lose even more money than usual. The e-retailer and cloud giant reported an operating loss of $0.27 per share on Thursday on revenues of $19.34bn for the three-month period, compared with analyst expectations of... Continue Reading →
A picture instagrammed by Britney Spears gives a sneak peek of what's to come from the line Photo: Instagram/ Britney Spears Britney Spears is much more than just an entertainer these days; she's released 15 fragrances with Elizabeth Arden and now she's added the role of lingerie designer to her bow. The 32-year-old's foray into... Continue Reading →
Dive Brief: Wal-Mart Stores announced Thursday that the CEO of the Wal-Mart US division will retire, effective Aug. 8. Bill Simon, who has been in the role since June 2010, will receive $4.5 million as part of his retirement agreement. Greg Foran, currently president and CEO of Wal-Mart China, will take over Simon's position. Dive... Continue Reading →
ONLINE baby retailer Direct2Mum is opening its first store as it aims to strengthen its position in the market. Direct2Mum is a family-run business, launched in 2010 by its chairman professor Graham Leslie and his son and daughter, Alex Leslie and Fay Briddon. The store opening is part of the company’s five year commitment to... Continue Reading →
Fortnum & Mason has announced plans to open its first standalone airport store and bar, at Heathrow Terminal 5. The 93 sq m outlet will carry an edit of products from the retailer's Piccadilly store and is expected to open on 31 October. The Fortnum & Mason Bar will celebrate the best of Fortnum's Food... Continue Reading →
The new 250 sqm Versace stand alone store in Moscow is located at in Stoleshnikov 12. The boutique, featuring mosaics inspired by Byzantine churches of the ninth century, houses the prêt-à-porter and accessories for men and woman of the house. The opening was celebrated with the launch of a limited edition of the iconic Signature... Continue Reading →
While Fast Retailing is currently looking for suppliers in India, its flagship brand Uniqlo may open a thousand stores in the country, over the next ten years. Uniqlo has recently launched its new Paris flagship That’s according to Times of India. Sources familiar with the matter told the newspaper that during the recent visit of... Continue Reading →
Givenchy opened last week its new flagship store in Hong Kong at Ocean Center shopping mall at Harbour City. The new store covers 220 sqm and features men’s and women’s ready to wear and accessories – shoes, handbags, eyewear etc. This is the second Givenchy store in Hong Kong, adding to the existing one dedicated... Continue Reading →
San Francisco -- Continuing its global growth, Gap Inc. on Monday announced that it will introduce the Gap brand to Slovenia and Austria through agreements with new and existing franchise partners. Magistrat International, a new partner, has been selected for the launch of Slovenia. Gottex, which currently manages the Gap franchise business in Israel and... Continue Reading →
VENTURES AFRICA – JSE-listed clothing retailer, Truworths International, on Friday said sales for the 52 weeks to end-June this year surged 6.8 percent to R10.8 billion ($1bn). Truworths said during the period under review the company posted a credit sales growth of 5 percent and a cash sales growth of 11 percent. “The trade receivables... Continue Reading →
Marc Jacobs appoints new CEO Sebastian Suhl is leaving his role as CEO of Givenchy to take Marc Jacobs's eponymous label into the next chapter From September, Marc Jacobs International will have a new boss. Step forward New Yorker Sebastian Suhl, the man described by WWD, who broke the news, as one of the "most... Continue Reading →
Doha Festival City has announced plans to partner with Ali Bin Ali Group to bring the first full-sized Monoprix store to Doha. Monoprix, which has 500 stores in France, and 85 stores outside of France, sells international food, cosmetic and fashion brands and will take a 7,100 sq m store on the ground floor of... Continue Reading →
Indian retail-to-energy group Reliance Industries Ltd reported a record $1-billion net profit for the financial first-quarter, fuelled by a strong petrochemicals performance. Reliance, controlled by the country's wealthiest man Mukesh Ambani, announced net profit for the three months to June climbed by a better-than-expected 13.7 percent to 59.57 billion rupees ($1 billion) in the same... Continue Reading →
Swatch has applied to set up stores in India, a report said Saturday, as the Swiss-based watchmaker moves to tap a growing and increasingly accessory-conscious consumer class. Swatch, with $10 billion in annual sales, has made a formal proposal to the commerce ministry under which the company would have 100 percent control of its business,... Continue Reading →
download the report here"....... Overview Halfway through 2014 and the positive reports of falling unemployment, good consumer sentiment and increased retail sales has impacted on the retail property market. The recovery is evident on the prime high streets in Dublin and in key out of town shopping centres where demand is strong and vacancy rates... Continue Reading →
Aldar inks deal to bring House of Fraser to Yas Mall Aldar Properties has announced a new partnership agreement with Retail Arabia, which will see a new concept House of Fraser department store open in Yas Mall in Abu Dhabi. The deal will also bring the first Hamleys - the oldest and largest toy shop... Continue Reading →
International fashion retailer F&F has opened its first New York store, on Long Island, as it attempts to infiltrate the U.S. market. The 6,571-square-foot store, which opened June 28 at the Westfield South Shore mall in Bay Shore, will hold a grand opening on Aug. 16, mall and company officials said. The store employs 20... Continue Reading →
Stella McCartney is expanding its retail presence in China with two more stores in China, reports WWD, adding to the existing stores (one in Beijing and two in Shanghai). Its first store in Chengdu at Daci Temple will open in November. A second Beijing store at the Shin Kong Place is slated for October. Adidas... Continue Reading →
New York -- Fast-fashion giant H&M on Thursday celebrated the opening of its flagship on Fifth Avenue in Manhattan. At 57,000 sq. ft., it is the retailer’s largest store in the world and 13th location in Manhattan. It also is the first H&M in the United States to offer a full concierge service, and to... Continue Reading →
Facebook's 'buy' button lets you purchase products in posts Facebook has introduced a new feature that will let users buy products directly from its website. Shoppers can click a “buy" button to purchase items in adverts or other posts without leaving the social network. Facebook, which boasts 1.2bn users, said this will "help businesses drive... Continue Reading →
Microsoft is set to announce over 6,000 job cuts later today as the electronics giant continues to trim its newly-acquired Nokia business. The job cuts are also a direct result of Microsoft’s ongoing plan to reshape itself as a cloud-computing and mobile-friendly software business. The cuts come five months into new Chief Executive Officer Satya... Continue Reading →
SYDNEY, July 17 (Reuters) - An Australian court on Thursday approved the takeover of Australia's David Jones Ltd by South Africa's Woolworths Holdings Ltd, clearing a final hurdle for the $2 billion deal. Shareholders of both companies have already voted in favour of the A$4.00 per share bid for Australia' No.2 department store by sales.... Continue Reading →
MADRID, - Zara, the Spanish-based chain whose "fast fashion" model has already helped make it one of the world's biggest clothing brands, is to pioneer a new stock control system designed to make its supply chain even speedier. The chain's parent company Inditex SA told its annual shareholders' meeting Zara was implementing a microprocessor-based tagging... Continue Reading →
Situated at 9, Old Bond St., the new La Perla flagship store in London is spread over 150 sqm on the 3 floors of a 5 storey building and reflects the new retail concept of the brand conceived by architect Roberto Baciocchi. The other two floors host the La Perla showroom and UK headquarters. On... Continue Reading →
P&G Prestige (division of Procter&Gamble) which licenses the Dolce & Gabbana fragrances, is launching the first Dolce & Gabbana skincare with two collections, having as key ingredient Gold Flavo-Silk Tricomplex. Based on gold silk sericin extract, the active ingredient complex provides intense hydration while enhancing the skin’s radiance. Other ingredients in the new products include... Continue Reading →
Woonsocket, R.I. — CVS Caremark said Monday that it has agreed to buy the assets of Miami-based Navarro Discount Pharmacy, the largest Hispanic-owned drug store chain in the U.S. The transaction includes Navarro's 33 retail drugstore locations and Navarro Health Services, a specialty pharmacy serving patients with complex or chronic diseases. The transaction is subject... Continue Reading →
John Lewis will open a pop-up urban garden tea house in Glasgow's Royal Exchange Square from Thursday 24 July to Sunday 3 August to coincide with the XX Commonwealth Games. The space, called Tea on the Green, will serve complimentary afternoon tea, with the option for customers to book in advance online. Situated in the... Continue Reading →
AFRICA’s largest supermarket, Shoprite, on Monday catalysed a strong rebound among listed retail shares, recently hit by a wave of selling pressure on views they are too expensive. The JSE’s biggest retailer leapt nearly 4% to an intraday high of R164.45 after it said in an operating update that total turnover for the year ended... Continue Reading →
J Sainsbury is to convert part of one of its supermarkets into a Netto store as the company relaunches the discount chain in the UK. This means the Netto venture, which is a partnership with Dansk Supermarked, will help Sainsbury’s tackle two challenges in the grocery industry – the rise of the discounters and declining... Continue Reading →
CEO MIDDLE EAST AWARDS 2014 When CEOs speak, they speak to only one magazine – CEO Middle East. In the past seven years, the publication has become the leading voice of business leaders. From Sir Richard Branson to Donald Trump, and from Mohammed Alabbar to Prince Alwaleed, CEOs from across the world have chosen the... Continue Reading →
The Organic Pharmacy, the London based organic beauty and wellness company expands in the U.S. with a new stand alone location in SoHo, New York at 353 Bleecker Street. This is the seventh stand alone The Organic Pharmacy store, with dedicated treatment facilities and counter stocking full range of products. The Organic Pharmacy produces a... Continue Reading →
New York -- Another online retailer has made the leap to the physical space. Beauty subscription company Birchbox has opened its first brick-and-mortar store, in Manhattan’s SoHo neighborhood. The two-level store brings the company’s digital experience to life, with a big emphasis on new products, customer reviews and expert advice. It also offers hair, nails... Continue Reading →
Woolworths Holdings Ltd. moved closer to creating a southern hemisphere retail giant after overcoming objections from some David Jones Ltd. shareholders to a A$2.15 billion ($2 billion) takeover. About 90 percent of shareholders who cast votes at a David Jones meeting in Sydney today supported the offer, above the 75 percent required for the deal... Continue Reading →
The unveiling of Dubai Holding's proposals for The Mall of the World will form part of a strengthening mall development pipeline that is critical to unlocking Dubai's vision, according to Cluttons. Dubai Holding last week unveiled the details behind its Mall of the World project, which is set to also include the world's largest indoor... Continue Reading →
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