Elizabeth Arden reported its biggest quarterly loss due to a steep fall in sales of celebrity perfumes, particularly the Justin Bieber and Taylor Swift brands, sending its shares plunging as much as 25 per cent. The company said fourth- quarter sales fell 28.4 per cent, the steepest in a decade, and warned that the weakness,... Continue Reading →
Nakheel has awarded a contract worth over Dhs146 million for the construction of 84 townhouses and a new retail centre at its high-end Jumeirah Islands community in Dubai. The developer has appointed UAE-based Metac General Contracting to build the new homes and eight retail blocks that will form part of a new, 608,000 sqft water... Continue Reading →
DEPARTMENT store chain John Lewis is to open two opticians, as part of its strategy to extend its range of services. The employee-owned firm said it will open the units at its Stratford City and Cardiff stores in the autumn offering the latest eye care technology as well as designer frames by Ray-Ban, Prada and... Continue Reading →
MADRID: Swedish fashion retailer H&M is launching a Spanish online store, adding to the competition faced in its home market by Spain's Zara chain, owned by Inditex. The site will include home decor section H&M Home, just as Zara offers Zara Home. H&M, which has been slower to launch online versus its rivals, has now... Continue Reading →
After having recently held its first catwalk show in the U.S., as part of an innovative bash ”Carnival” in New York, on Wall Street, French luxury giant Hermes will pursue next year its American focus, with seven expansions and openings, including a Manhattan perfume store near the World Trade Center and a new location in... Continue Reading →
Launching in India is the latest step in the clothing retailer’s international expansion plan. Gap plans to open its first stores in India in its latest international expansion. The San Francisco-based retailer, which also owns the Old Navy and Banana Republic chains, said Thursday it will launch a total of 40 franchise Gap GPS 0.16%... Continue Reading →
Truworths International Ltd. (TRU), a South African clothing retailer, maintained full-year profit and boosted sales even as rising unemployment hampered consumer spending. The shares gained the most in five years. Net income was little changed at 2.41 billion rand ($225 million) in the 52 weeks through June 29, the Cape Town-based company said in a... Continue Reading →
Burberry chief executive Christopher Bailey has sold £5.2m of shares in the luxury fashion company, four months after taking over from predecessor Angela Ahrendts. Bailey has offloaded 68,667 shares and nearly three quarters of two sets of performance related shares granted in 2011 and 2009 when he was the company's chief creative officer and which... Continue Reading →
Apple is reportedly set to open its first retail store in the Middle East in Dubai, United Arab Emirates. What’s more, the upcoming shop is also said to be the largest Apple retail store in the world. According to EDGARDaily.com (via MacRumors), the Cupertino-based company is building the landmark store in what is currently the... Continue Reading →
Move over M&S. Asda's George clothing brand has officially taken over Marks & Spencer as the UK's second largest clothing brand by volume. George held an 11.1 percent share of the market in the 24 weeks to July 6, compared with Marks & Spencer’s share of 10.9 percent, according to Kantar data seen by Retail... Continue Reading →
Lloydspharmacy parent company Celesio UK has opened its first bricks and mortar store for its independent living brand, Betterlife. Lloydspharmacy's parent company Celesio UK opened a first dedicated store for its Betterlife brand on Friday, offering customers an interactive shopping experience. The shop is adjoined to the existing Lloydspharmacy branch in New Wortley, Leeds, and... Continue Reading →
Supercenters are on the decline as shoppers seek out smaller, more convenient stores. Wal-mart said yesterday that sales at U.S. mega-stores have been falling. But there's still a bright spot in its business — the Neighborhood Market concept. Sales at the markets were up an impressive 5.6%. "I think convenience is where the consumers have... Continue Reading →
IKEA Saudi Arabia have announced plans to open a 30,000 square metre flagship store in the Bahraini capital of Manama. With the land already purchased and the first initial design phase finalised and submitted, the Swedish retail outlet will open in Bahrain in the next three years. Since its establishment in the region, IKEA has... Continue Reading →
Dubai mall operator Majid Al Futtaim has revealed plans for its newest shopping mall, City Centre Me’aisem. Located in the Me’aisem area of International Media Production Zone in Dubai, the first phase of the $74.8 million (AED275 million) mall will feature 60 international outlets on one million square feet of land, which the developers say... Continue Reading →
Apple Hiring for Future Retail Store in United Arab Emirates Apple today posted retail job listings for a future store to be located in the United Arab Emirates, indicating that the company may be soon opening its first store in the Middle East. The postings were initially spotted by ifoAppleStore and show typical openings for... Continue Reading →
"Laura brings a deep understanding of the internet space and digital launch initiatives, combined with a strong background in major brand building and key partnership development, to the American Apparel board," said Colleen Brown, nominating and governance board chair. "She was recently recognized as a Next TV Digital Leader and honored by two separate organizations... Continue Reading →
Foschini Group (TFG), a Cape Town-based firm, says it will open five branches in Ghana by next march of part of a bigger plan to increase the number of stores in Africa. The Foschini group currently has 120 stores outside of South Africa. The Foschini group is known it be the biggest seller of sporting... Continue Reading →
US retail giant Macy’s cut its full-year same-store sales forecast, after second-quarter sales failed to make up for weakness in the first quarter when harsh winter weather kept shoppers away. Macy’s earnings for the quarter, ended August 2nd, also missed the average analyst estimate as the company discounted heavily to win business, squeezing gross margins.... Continue Reading →
NEW DELHI: IKEA may take another three years to open its first store in India, because the world's largest furniture retailer is yet to sign up real estate for its usually sprawling facilities. And, the Swedish company will adopt a cluster approach when it rolls out the stores by opening multiple outlets in places like... Continue Reading →
Today marks the launch of the first airport personal shopping lounge at London Heathrow. The service is available for all passengers flying through the airport – irrespective of class of travel – allowing them to enjoy tailored appointments with an accredited stylist in a private consultation suite. The best part of all? It’s completely free... Continue Reading →
London department store, Harrods has unveiled what it describes as the world's most luxurious shoe destination. Spanning almost 3,900 sq m, Harrods Shoe Heaven features 17 plush boutiques, presenting collections from more than 50 leading designers and brands, including Chanel, Dior, Christian Louboutin and Manolo Blahnik. Located on the fifth floor of the Knightsbridge store,... Continue Reading →
Swedish fast-fashion retailer H&M is set to launch a sustainable babywear collection, crafted for the smallest infants. The collection, named 'Newborn Exclusive,' consists of clothing and accessories needed for the first few months of an infant's life, such as blankets, socks and diaper bags in the lights colors. Sizing for the line is set to... Continue Reading →
American Apparel, Inc. (NYSE MKT: APP) today announced the appointment of Laura A. Lee to the company’s board of directors. “Laura brings a deep understanding of the internet space and digital launch initiatives, combined with a strong background in major brand building and key partnership development, to the American Apparel board,” said Colleen Brown, nominating... Continue Reading →
Michael Kors has already opened four stores within a year after its entry into India, and its retail networks presently counts stores in New Delhi, Mumbai, Kolkata and Bangalore. Michael Kors stores and operated by local partner Genesis Luxury. Given the positive feedback of the Indian market, Michael Kors aims to open additional stores later... Continue Reading →
Foothill Ranch, Calif. – The Wet Seal Inc. is launching its new Wet Seal + Plus banner with 30 new stores opening Aug. 16. The stores are opening in California, Illinois, Kansas, Kentucky, Massachusetts, Maryland, Missouri, New Jersey, New York, Puerto Rico, Rhode Island, South Carolina, Texas and Virginia. Wet Seal initially announced it would... Continue Reading →
Cotton On says SA is its fastest growing market AUSTRALIAN retailer Cotton On Group this week said South Africa was its fastest growing market of the 17 countries in which the company operates. SA has attracted a range of global brands such as Zara, Gap, Topshop and River Island, many of which see the country... Continue Reading →
PARIS, France - Sephora, the top seller of Dior lip gloss and Lancome face creams, is under attack in continental Europe from far less glamorous competitors: pharmacies. New data shows specialist beauty retailers such as Sephora, one of the fastest growing companies at world No. 1 luxury group LVMH, are losing market share to pharmacies... Continue Reading →
Spar South Africa has entered into an agreement to buy an 80pc stake in BWG group for €55m. BWG owns Spar in Ireland and services more than 1,100 stores with annual revenues of €1.2bn. Its brands here include Spar, EuroSpar, Mace, ValueCentre and XL and it has 35pc of the Irish convenience store market. Spar... Continue Reading →
Located within the former Takashimaya department store at 693 Fifth Avenue, the new Valentino flagship store in New York city covers 20,000 sqf and is spread over three floors. While the first two floors showcase accessories and women’s clothing, the third floor features men’s clothing and accessories. The store features the Valentino Garavani accessories line... Continue Reading →
There was bad news for Tesco's incoming boss Dave Lewis from Unilever on Thursday as Standard & Poor's cut the supermarket's credit rating in the wake of last month's profit warning, sending its shares down to a new 10-year low. S&P cut its rating on the company by one notch with its analysts pointing to... Continue Reading →
Adidas is planning its biggest-ever advertising campaign next year as it fights back against rival Nike. The world's second-largest sportswear maker has admitted that it needs to invest more in its brands to catch up with market leader Nike, after losing ground in developed markets. Herbert Hainer, the chief executive of the German company, promised... Continue Reading →
Women’s fashion retailer Karen Millen has opened a new US flagship shop on New York’s Fifth Avenue. The 5,000 sq ft store forms part of the retailer’s US growth strategy which includes the opening of further stores over the next three years and the extension of its partnership with Bloomingdales from 15 to 20 locations.... Continue Reading →
Harvey Norman unveil state-of-the-art showroom in flagship Dublin store Launch: The Harvey Norman flagship Dublin store in Swords Ireland’s leading retailer of computers, electrical, furniture and bedding, Harvey Norman, this week officially launched its newly renovated technology showroom in Airside Retail Park, Swords. Following a hefty investment of over half a million, Harvey Norman has... Continue Reading →
Coach Inc. reported today net sales of $1.14 billion for its fourth fiscal quarter ended June 28, 2014, compared with $1.22 billion reported in the same period last year, a decrease of 7%. On a constant currency basis, total sales declined 6% for the period. Net profits fell by 24.4% to 781 million dollars (584... Continue Reading →
Nine West is advertising a pair of its leopard-print pumps as a perfect accessory for "starter husband hunting." The ad is part of a new headline-grabbing marketing campaign that also suggests a leather tote bag for the "anticipatory walk of shame" and booties with 4-inch heels to help "Mommy" wipe away "happy-sad tears" as she... Continue Reading →
LONDON, United Kingdom - boohoo.com, the British own brand online fashion retailer that floated in March, has extended its international presence with the launch of a German language website, it said on Tuesday. The new site, which will be supported by a marketing campaign in Germany, will see the firm compete in another market with... Continue Reading →
A long-awaited £400 million pound city centre development project is set to take a major leap forward tomorrow. Plans for the first building on the Arena Central site are set to get the green light from the city council’s planning committee. Previous attempts to redevelop the former ATV studio land, facing Centenary Square, stalled during... Continue Reading →
Located on Hooftstraat, Amsterdam’s prestigious shopping avenue, the new Prada flagship store covers 550 sqm on two floors. The new Prada mono-brand store in Amsterdam features both men’s and women’s ready to wear, shoes, handags The main entrance leads to an area where leather goods and women’s accessories are showcased in unique display niches, on... Continue Reading →
Gap Inc had already chosen the company Gottex Brands to develop its Gap franchise store business in Israel and Hungary. Now, the American company has put its faith in the Israeli group in expanding into the Austrian market. It will open its first store in Vienna in October in the Danube Mall. Another new market... Continue Reading →
French luxury house of Givenchy opened this week a new mono-brand store in Seoul, South Korea. The new Givenchy store is situated within the prestigious Galleria Mall (East Hall) in Gangnam-Gu and is dedicated entirely to women’s wear and accessories, including shoes and handbags. This is the 16th mono-brand point of sales of Givenchy in... Continue Reading →
With a raft of new developments underway and economists warning about possible risks, we take a look at the construction projects the country is embarking upon. Read more: http://www.thenational.ae/business/property/in-pictures-megaprojects-coming-to-the-uae#1#ixzz39XqEIkX5
The Foschini Group’s (TFG’s) Africa agenda is on track, with five store openings in Ghana on the cards for October, as it eyes the continents other high-growth markets such as Kenya, Angola, and Mozambique. The retail group — whose brands include Markham, Totalsports and American Swiss — has 132 shops in countries like Zambia, Botswana... Continue Reading →
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