J. Crew COO jumps ship for Avon

Avon Products Inc. AVP, +1.17% said Wednesday it hired James Scully away from J. Crew Group Inc. to be its new chief financial officer. Scully has been J. Crew’s chief operating officer for nearly two years and with the retailer for a decade. His exit follows the departure of Stuart Haselden, its chief financial officer,... Continue Reading →

Argos to open 10 ‘digital stores’ inside Sainsbury’s branches

Argos has announced plans to create digital stores inside existing branches of Sainsbury's in a drive to reach more customers. The general merchandise retailer will trial 10 stores, ranging from 1,000 to over 5,000 square feet, where customers will be able to purchase non-grocery items. Customers will be given a choice of 20,000 products which... Continue Reading →

Sears laying off 115 corporate employees

Sears Holdings Corp. Wednesday announced layoffs of 115 corporate employees, including 100 at its Hoffman Estates, IL headquarters. The cuts, effective immediately, are in various departments throughout the retailer’s corporate organization, the company said. The move is another in a series of measures to cut costs and restructure as the retailer tries to offset continuing... Continue Reading →

Tommy Hilfiger launches innovative digital sales showroom

Tommy Hilfiger, owned by Phillips-Van Heusen (PVH) Corporation, one of the leading American garment companies, has launched an innovative digital sales showroom, located at its global headquarters in Amsterdam, the Netherlands. The digital showroom revolutionizes the sales experience for retailers by offering them a more engaging and seamless buying approach. The interactive system blends collection... Continue Reading →

Carven to open in Los Angeles second U.S. store

French luxury maison Carven is adding to its recently opened Manhattan store, a second store in the U.S. in Los Angeles. The new store will feature both men’s and women’s collections, ready to wear and accessories. Carven is currently undergoing a change of its creative management team. Carven appointed today Barnabe Hardy (formerly an assistant... Continue Reading →

Sir Philip Green considers BHS takeover offers

Sir Philip Green is considering selling the department store chain BHS after receiving "several approaches". BHS is part of the Arcadia Group, controlled by Sir Philip, which includes TopShop, Burton and Evans. Founded in 1928 in London's Brixton, BHS has 180 stores and employs almost 12,000 staff. But the chain has been struggling. In 2013... Continue Reading →

MAF appoints new shopping malls unit chief

the Dubai-based shopping mall, retail and leisure company, has announced the appointment of Michael Cesarz as CEO of its shopping malls business unit. Cesarz is the second senior appointment made by Majid Al Futtaim recently following the appointment of Rajiv Suri as the new CEO of its retail arm, Majid Al Futtaim - Fashion. Ghaith... Continue Reading →

Selfridges launches Bright Old Things campaign

In a twist on its annual Bright Young Things scheme, Selfridges has introduced Bright Old Things – readjusting the lens with which we view creative talent and removing age restrictions. With the ages of the participating artists, designers, musicians and entrepreneurs ranging from late 40s to mid 80s, Selfridges acknowledges that ‘old’ is as subjective... Continue Reading →

Shoprite first-half turnover rises 12.5%

SHOPRITE increased its turnover for the six months ended December 2014 by about 12.5% from the previous comparable period to R57.5bn, the supermarket group said in an operational update on Wednesday. Growth on a like-for-like basis was 5.1% and the South African supermarket operation increased sales by 12%. The food division benefited from strong sales... Continue Reading →

Ocado sales rise almost 15% for December

Online-only grocer Ocado on Wednesday revealed gross retail sales had improved 14.8 per cent year-on-year for December, as the company managed to maintain the sales growth it achieved in the final quarter of its 2013-2014. In the seven days leading up to Christmas Ocado processed nearly 40 per cent more items for Ocado.com and Morrisons.com... Continue Reading →

Macy’s restructuring: 14 store closures, thousands of layoffs, perhaps an off-price focus

Cincinnati -- In response to changes in “where the customer is headed,” Macy’s chief announced on Thursday a sweeping reorganization plan that will close 14 under-performing stores, lay off thousands of workers and, most far-reaching, ready the retailer to respond to an omnichannel shopping environment. According to a statement by Terry Lundgren, Macy’s chairman and... Continue Reading →

Taiwan’s first outlet mall to open this year

Among the first stores to be opened are many brand names including Tod's, Salvatore Ferragamo, Giorgio Armani, Loewe, Hugo Boss, Versace, Polo Ralph Lauren, Marc Jacobs, Michael Hors, Coach, Mothercare, Jimmy Choo and Zegna. The mall is located at the A18 HSR Taoyuan Station on the Taoyuan International Airport MRT. The line is scheduled to... Continue Reading →

JC Penney Shares Explode

The department store had a good holiday season. Shares of JC Penney are exploding in after-hours trade after the retailer reported holiday same-store sales that jumped 3.7% from the same period last year. In after-hours trade, shares were up as much as 15%, to $7.24. On Tuesday, the stock closed at $6.24. JC Penney defined... Continue Reading →

Truworths focuses on children’s clothing market

Retailer Truworths is set to become the dominant player in the money-spinning children’s-wear market after agreeing to buy iconic specialists Naartjie and Earthchild. The acquisition of the two specialist retailers — both based in Cape Town — for an undisclosed cash amount, is being finalised and is awaiting the conclusion of agreements and regulatory approval.... Continue Reading →

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