Elizabeth Arden posts biggest ever loss

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 awards Dhs146 million construction contract for new homes and retail centre at Jumeirah Islands

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 →

John Lewis is to open two opticians,

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 →

Hermes to expand in the U.S. in 2015

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 →

Lloydspharmacy opens first store for Betterlife brand

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 →

IKEA to open its first store in Bahrain

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 →

American Apparel adds Laura Lee to BoD

"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 →

Macy’s shares drop as sales forecast is cut

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 →

IKEA may open first India store in 2017

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 →

Harrods has unveiled what it describes as the world’s most luxurious shoe destination

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 →

H&M launches Newborn line

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 →

MIchael Kors expands further in India

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 →

Wet Seal launches Wet Seal + Plus banner Aug. 16

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 →

Valentino’s largest global store opens in New York

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 →

Harvey Norman unveil state-of-the-art showroom in flagship Dublin store

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 →

Prada opens its first flagship store in Amsterdam

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 moves into Austria and Slovenia

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 →

Givenchy opens new store in Seoul, South Korea

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 →

Ghana is next stop in TFG’s African plans

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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