Miu Miu opens 2 new stores in China

Miu Miu continues its expansion in mainland China with two new stores located within Shin Kong Place, the most busy and prestigious shopping destination in the city. Both stores have been designed by the architect Roberto Baciocchi and are located on the fourth floor of the mall. The first, dedicated to ready-to-wear, covers an area... Continue Reading →

Fortnum & Mason opens first airport store at Heathrow Terminal 5

UK. Luxury food retailer Fortnum & Mason has opened its first ever airport store at London Heathrow Terminal 5. As reported, the 1,000sq ft store forms part of a new luxury area at the terminal due to be fully open by Christmas. The new store caps a period of remarkable expansion for Fortnum & Mason.... Continue Reading →

Steinhoff to buy Pepkor for $5.7bn

South Africa-based Steinhoff, a furniture and household goods manufacturer and retailer, looks to increase its footprint in the discount market by purchasing a controlling stake in Pepkor for 62.8bn rand ($5.69bn). Pepkor is a South African operator of retail stores in 16 countries. It was founded in 1965 and posted revenue of 38.2bn rand in... Continue Reading →

Zappos opens first brick-and-mortar store

Amazon-owned Zappos has opened a 20,000 sq-ft store near its Las Vegas headquarters. The e-retailer’s first-ever physical store is a pop-up developed with logistics company OrderWithMe that will be open 24-7 from Nov. 21 to Dec. 31, and that features entertainment and food and drinks. At the “Zappos.com Pop-Up Shop Showroom Store,” shoppers can scan... Continue Reading →

Graziashop.com launches online

International fashion weekly magazine Grazia on Tuesday launched its global e-commerce platform, bridging the gap between shopping and editorial for its 432,000 readers. The Silvio Berlusconi-owned Mondadori Group on Monday announced that through its Grazia International Network, the magazine would add e-commerce fashion to its media platform, which already included print, web, social networks and... Continue Reading →

Aldi to create 35,000 jobs by 2022

Aldi plans to create 35,000 new jobs in the UK over the next eight years by more than doubling in size. The German discount retailer said it would create the new jobs as David Cameron, the Prime Minister, and George Osborne, the Chancellor, visited its UK headquarters in the Midlands. Aldi has already announced plans... Continue Reading →

Insights: Top 10 retail predictions for 2015

Framingham, Mass. -- By 2017, three times as many retailers as now will explicitly underpin their customer and operations strategies on 3rd platform technologies. That’s one of IDC Retail Insights’ top 10 worldwide retail predictions for 2015. IDC revealed the predictions during a Web conference, IDC FutureScape: Worldwide Retail Agenda 2015 Predictions. The top 10... Continue Reading →

Truworths slides following trading update

Truworths slides following trading update SHARES in Truworths International fell more than 6% in early trade on Thursday in the wake of the release of its latest trading update. The fashion retailer said it expected sales in the 18 weeks to November to increase 4.7% to R3.7bn from the year-earlier period, with cash and credit... Continue Reading →

River Island to pull out of Russia

River Island is to close its Russian stores after its joint venture partner, Maratex, decided to cease trading. A River Island spokeswoman said it would gradually shut its 10 stores over the coming months, but plans to continue its online operation. She told Drapers: “Earlier this year, Maratex, a 50% owner of the River Island... Continue Reading →

Foschini sees improved earnings

THE Foschini Group, which has moved decisively into the more upmarket segment as it aims for a 50-50 split between credit and cash sales, is expected to report its half-year results on Thursday. Debt from store cards, microloans and unsecured credit has crimped disposable income, particularly of those in the lower-middle income segment. There is... Continue Reading →

The White Company debuts stylish new store concept

concept that delivers a lifestyle-led experience modeled on a journey through the home. The 4,000 sq.ft. store, in Norwich (United Kingdom), builds on the British home goods retailer’s heritage to create an aspirational, curated retail experience. A feeling of accessible luxury permeates the welcoming space. Designed by Dalziel and Pow, London, the space It is... Continue Reading →

Ninth Woolworths store opens doors in Namibia

By 2020 nearly half of all Africans will live in cities and‚ as disposable incomes rise‚ consumer spending will grow to about $1-trillion‚ spurring local retailers to expand their presence in Africa. The 2‚400m² Woolworths store located at The Grove mall in Windhoek offers clothing‚ general merchandise and beauty products. The store has the largest... Continue Reading →

Record operating profits for Selfridges

Record operating profits for Selfridges International online business boosts revenues Operating profits increased 12.3% to a record £150m for the year ending December 2013 as sales increased 10.4% to £1.2bn. The company said it saw growth in all its retail channels. Its online business - in particular, its international delivery arm - performed particularly well... Continue Reading →

Bulgari set for India return

wealthy Indians, said people familiar with the brand’s plans who declined to be named. The brand’s launch comes after it received approval from the Foreign Investment Promotion Board (FIPB) in July to set up single-brand retail stores through a joint venture with New Delhi-based Luxco India Retail Pvt. Ltd. Bulgari, known for its jewellery designs,... Continue Reading →

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