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 →
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 →
Truworths International Ltd. (TRU) agreed to buy the South African clothes-retail business of Naartjie, boosting its childrenswear offering with a second acquisition in as many months. The purchase for an undisclosed cash amount will add a network of 26 South African stores to Truworths’ 600 across the country, the Cape Town-based company said in a... Continue Reading →
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 →
Sephora store opens in Sydney on 5 Dec Source: The Sydney Morning Herald Online Cosmetics giant Sephora will open its first Australian store on 5 December in Pitt Street Mall, and will increase pressure on nearby department stores. Located in the former Esprit site, it will offer the largest range of cosmetic and beauty products... Continue Reading →
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 →
A glittering golden spider’s web fills the window of Selfridges in Oxford Street, London. Hanging from its skeins are shoes with impossibly high heels, jewel-encrusted bags and a pair of designer sunglasses. At the base is a spinning wheel, its drive wheel slowly turning under the warm glow of the lights. Next to it sits... Continue Reading →
New Albany, Ohio - Abercrombie & Fitch Co. has entered into a franchise agreement with Grupo AXO to establish a retail store presence in Mexico. The franchise arrangement, the first in the company`s history, will encompass both the Abercrombie & Fitch and Hollister brands. The first Hollister store is set to open in late spring... Continue Reading →
Amazon has signed a deal to lease 470,000 square feet in Manhattan for 17 years, a real estate trust confirmed today. Rumors are that the location will serve as the retail giant's first brick-and-mortar location, which will include a small warehouse for same-day delivery in New York. Amazon says it will use the space as... Continue Reading →
Gap Inc. (GPS) incoming Chief Executive Officer Art Peck is overhauling management at the ailing Banana Republic and Gap brands. Jeff Kirwan, 48, will replace Stephen Sunnucks as global president for the Gap chain in December, and Andi Owen, 49, will succeed Jack Calhoun on Jan. 5 as global president for Banana Republic, the retailer’s... Continue Reading →
The Walt Disney Company is in talks about building a theme park in Egypt, its first venture in the Middle East, according to reports in the country. The state-run news agency MENA has reported that a member of Egyptian government said the park would be similar to the venue in Paris. “There are discussions going... Continue Reading →
York’s Upper Fifth Avenue is now the world’s most expensive place to lease retail. Fifth Avenue has surpassed Hong Kong’s Causeway Bay, according to Bloomberg News. Last year, Fifth Avenue came in a distant second behind Hong Kong. Rents on the corridor rose 13.3 percent to a record of $3,500 per square foot in the... Continue Reading →
Inditex – the company behind Zara – have soared by 42% to a record €553m (£442m). While other chains in the fashion sector struggle, Inditex – which also owns Massimo Dutti, Pull & Bear and Stradivarius – appears to be recession-proof, even in Spain where consumer spending has slumped in recent years. The company reported... Continue Reading →
Waitrose has reopened its Salisbury branch as a new concept 'Food & Home' shop. Employing 550 staff, the 55,000 square foot store includes a dedicated collection point where customers can collect online orders from Waitrose, John Lewis, and Waitrose Entertaining. There is also a soft-seating area showing Waitrose TV where customers can use fitting rooms... Continue Reading →
Hennes & Mauritz is set to enter eight online markets in 2015 and open its first bricks-and-mortar stores in a further four countries. The clothing retailer revealed that it will commence ecommerce operations in Belgium, Bulgaria, Czech Republic, Hungary, Poland, Portugal, Romania, and Slovakia during 2015. H&M also plans to open its first physical stores... Continue Reading →
Marks & Spencer has poached Helen Weir from the John Lewis Partnership to become its new finance director. M&S has been hunting for a new finance director since Alan Stewart quit in July
giant that owns the Zara group, says it plans to open more Irish stores when it finds suitable outlets. The group, which has global sales of about €17 billion, recently filed accounts for a number of its Irish operations, including Zara, youth fashion outlets Bershka and Stradivarius, Pull & Bear and the mid-market Massimo Dutti.... Continue Reading →
MR PRICE on Monday reported a 23% jump in first-half earnings as its focus on budget-conscious shoppers and cash sales helped it ride out weak retail and consumer credit markets. Mr Price, which sells clothing, household goods and sporting equipment, has been on a push to boost its cash sales and insulate itself from souring... Continue Reading →
The vacancy rate in UK town centres rose to 10.3 per cent in October, the first rise in shop vacancy rates since the first quarter of 2013, according to the latest statistics from the British Retail Consortium and Springboard. While shops stood empty, footfall also faced a year-on-year decline, coming in 0.8 per cent lower... Continue Reading →
growing discount chain B&M is in talks over a multimillion pound bid to take on dozens of Homebase DIY stores in a move that would underline the changing landscape of UK retailing. Sky News understands that B&M, which listed on the London Stock Exchange earlier this year, has approached Home Retail Group (HRG) about buying... Continue Reading →
Qatari retail chain, Al Meera, is on track to open all of its eight new malls by the end of this year. The company announced the update at the launch of its new branch in Legtaifiya. The eight new malls will be located in Al Wakra, Al Thumama, Al Wajba, Muaither, Al Azizia, Zakhira and... Continue Reading →
Located at Neuer Wall 69, the new GIORGIO ARMANI store in Hamburg offers a selection of accessories, ready-to-wear collections for both men and women, as well as a Made to Measure service. To celebrate the occasion, a cocktail party was held and the new Luxury White capsule collection was introduced. The store features men’s and... Continue Reading →
Spanning 22,000 square feet, the newly renovated GUCCI store on North Rodeo Drive is one of three Gucci locations in Los Angeles. Designed by the label’s creative director Frida Giannini, the new store houses the brand’s entire breadth of menswear, womens-wear, children’s clothing, handbags, accessories, shoes, sunglasses, fragrance, timepieces and more. The new beauty line... Continue Reading →
giant Dunnes Stores fell 13pc to £13.8m (€17.6m) last year after a slump in revenues. Accounts just lodged by Dunnes Stores (Bangor) in the UK show the firm sustained the drop in profits as revenues decreased 11pc to £140.52m in the 12 months to the end of February 1 this year. The firm paid dividends... Continue Reading →
Manhattan Beach, Calif. -- Skechers is celebrating the opening of its 1,000th retail store. The company, which operates in more than 75 countries, hit the milestone mark with the opening of a new store in Mexico City on Wednesday, preceded by an additional store opening in Mexico earlier this week and two in California last... Continue Reading →
The brand new store which is the first Polo Ralph Lauren Flagship Store in Asia is located at the newly refurbished Shaw Centre along Scotts Road in Singapore.
chicken chase is just getting started. South African restaurant chain Nando's Peri-Peri is expanding to Chicago, with plans to open one establishment in the New City project at Halsted Street and Clybourn Avenue and another one at 945 W. Randolph St. in the West Loop, according to people familiar with the company's plans. Nando's sells... Continue Reading →
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 →
Armani Group inaugurated this week a new flagship store concept in Istanbul, a mega-store on six floors, housing the Giorgio Armani, Emporio Armani, EA7, Armani Jeans and Armani Junior labels. Giorgio Armani said: ‘I am very proud of this opening because it represents an important step in my brand’s expansion strategy, which is focusing on... Continue Reading →
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 →
Qatar has opened its first shopping complex run and managed by women for women in Doha. The new complex, located at Al Shafi Commercial Street, has a total of 34 outlets, retailing in household items, beauty products, garments and perfumes, as well as food outlets, according The Peninsula newspaper. The new mall, which has been... Continue Reading →
Kurt Geiger plans London flagship in wake of sales growth UK luxury footwear and accessories brand Kurt Geiger will open a London flagship, continuing their recent expansion after solid sales growth in Q3. Bucking the tough retail climate in the UK, with bellwether retailers such as Next, SuperGroup and Marks and Spencer all announcing low... Continue Reading →
Sears has been shuttering stores amid a decades-long decline in its business. To offset losses in the retail department, the company is planning to ramp up e-commerce and make the most of its extensive real estate properties. Sears has been leasing store space to other retailers and is considering "spinning off hundreds of its properties... Continue Reading →
Zara is to expand its presence at the Bullring shopping centre in Birmingham by adding a new 20,000 square foot menswear store on the Upper Level. The new store will open in time for Christmas. The existing Zara store on the Upper Level will be transformed into a women and children’s store across its three... Continue Reading →
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 →
Many American retailers, facing slumping sales, discount pressures, and market saturation at home, are turning to expansions in Latin America, Europe, and Asia to build up their business. Technology is making that more possible than ever, especially when it comes to swift and easy communications. But there are many challenges that can take companies by... Continue Reading →
discounters Aldi and Lidl as it opens the first of 15 stores with Netto in Moor Allerton, Leeds. If the venture proves to be a success, the partnership will roll the format our across the UK. The deal marks Netto's return to the UK after it withdrew in 2010. The discount sector is the grocery... Continue Reading →
2014, named Jean-Christophe Garbino to succeed current CEO Michael Mark effective March 2015. Mark‚ who has been CEO of the group for 23 years‚ has decided not to renew his contract‚ which expires in 2015. Truworths said that Garbino was CEO of prominent French fashion retail group Kiabi and had been in its employ since... Continue Reading →
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 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 →
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 →
British high street footwear brand Clarks is set to double the number of stores it has in Africa over the next year. Clarks will open standalone outlets in Ghana, Tanzania, Uganda, Ethiopia, Namibia and Botswana. The shoe maker will also increase its presence in countries it already has stores, such as Kenya, South Africa, Egypt,... Continue Reading →
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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 →
after saying Chief Executive Officer Ken Hicks is retiring and will be succeeded by Richard Johnson, the sneaker chain’s chief operating officer. Hicks, 61, who joined Foot Locker in 2009 from J.C. Penney Co., plans to step down on Dec. 1 and will continue as executive chairman through the annual shareholder meeting in May, the... Continue Reading →
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 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 →
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 →
Christmas ad of 2014 is officially on and first out of the blocks - ahead of the reliably heartstring-pulling John Lewis - is fashion power house Burberry. The star of its festive campaign, titled 'From London with Love' is not a melancholic snowman or an unrecogniseable tot but Romeo Beckham, the dimple-cheeked and offspring of... Continue Reading →
Wal-Mart: US retail giant to close 30 stores in Japan Wal-Mart shopping carts Wal-Mart is closing 7% of its stores in Japan The world's largest retailer Wal-Mart is closing 30 stores in Japan, the company has announced. The US retail chain said it would shut 30 underperforming stores to improve profitability of its business in... Continue Reading →
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