Amazon to open first physical store in Manhatt

Jeff Bezos, the CEO of Amazon.com, will open the company's first physical store at 7 West 34th Street. Photo: Getty Images, Google Map Amazon.com is going back to the future with a plan to open a brick-and-mortar store in Midtown. The online-shopping giant known for shipping books and DVDs and just about everything else wants... Continue Reading →

Gap chief executive to resign in February

The chief executive officer of US retail clothing chain Gap is stepping down, the company said on Wednesday. Glenn Murphy will resign as its chairman and chief executive in February after being in the role for over seven years. He will be replaced by its current digital leader Art Peck, who has been with the... Continue Reading →

Lululemon gets manly with men-only stores

While activewear brands like Nike and Under Armour have recently amplified their offerings to women, Lululemon is turning to men to boost its growth. The retailer has offered apparel for men for a while and is increasing its number of men-only stores, but is still fighting a general assumption that Lululemon is a women’s brand.... Continue Reading →

Analysts predict more store closings for JC Penney

J.C. Penney appears to be in the midst of a surprising turnaround after a couple of years of falling sales and increased customer disgruntlement. Analysts say that the upcoming holiday season will likely require significant discounting to attract shoppers, which will present a challenge for the retailer. This discounting could presage store closings to bring... Continue Reading →

H&M win awards at World Retail Congress

At the recently held World Retail Congress, Swedish apparel retailer H&M and Japanese garment marketer Fast Retailing bagged the ‘International Retailer of the Year’ award and ‘Retailer of the Year’ award, respectively. Finalists in the fray for the ‘International Retailer of the Year’ award were the likes of Aldi, Burberry, Costco, Fast Retailing, Ikea, Inditex,... Continue Reading →

Zara opens online store in South Korea

Zara recently opened an online store in South Korea, which offers online shoppers the same full range of merchandise as that found in high street stores. The company said items sold online are priced the same as those found in Zara's stores, and customers can choose home delivery or have their purchases sent to a... Continue Reading →

Top 10 Employers in South Africa, 2015

In the first instalment of a two-part series which will be concluded tomorrow with a broader look at the top employers across the entire continent, we begin today with a look at the leading protagonists in Africa’s largest economy. The Top Employers South Africa 2015 even brought together 700 business executives at Gallagher Estate with... Continue Reading →

Truworths intends to buy Earthchild

Truworths International (TRU) has proposed to buy clothing company Earthchild Clothing for an undisclosed cash amount‚ Truworths said in a statement on Tuesday, 7 October 2014. The company said it had signed a letter of intent with the shareholders of Earthchild Clothing to acquire 100% of their shares in Earthchild. Earthchild is a retailer of... Continue Reading →

Tesco: At last, some retail experience

To what is likely to be at least a partial sigh of relief among investors, Tesco announced today two new members of its board. One, at least, has retail experience (though of a most particular type). Before coming on to the new names (Richard Cousins, chief executive of Compass, and Mikael Ohlsson, the former chief... Continue Reading →

Heidelberg Mall gears for October launch

The much anticipated opening of the R600 million Heidelberg Mall is on scheduled for this month launch to shoppers, all under one roof. The 35,000sqm mall has been developed by shopping centre developers and investors, Flanagan & Gerard Developments, together with local partners Dissilio Investments. It will officially open on 23 October 2014, bringing convenient... Continue Reading →

Staples closing 15 stores in Canada

Staples Canada is closing 15 of its 331 stores as it moves toward focusing more on e-commerce. Two major factors are having an impact on office supply brick-and-mortar stores, including Staples: a decrease need for office supplies and more opportunities to buy them online, experts say. The closings are part of the cost-cutting and move-to-e-commerce... 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 →

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