Work has begun on a new £12m retail park in Nottingham, which is expected to create hundreds of jobs. The Eastside Retail Park, which will be located on Daleside Road on the outskirts of Sneinton, is expected to create 200 jobs from the construction phase through to completion, alongside additional investment for the city.Peter Gadsby, chairman... Continue Reading →
Private equity firm Abraaj Group has bought a minority stake in Hepsiburada.com, one of the largest online retailers in Turkey, from the Dogan family, the Dubai-based firm said on Monday.No purchase price or stake size was given in the statement, which said that Abraaj would also invest in Evmanya and Altincicadde, furniture and home accessory... Continue Reading →
Dubai is set to become home to the Middle East’s first tropical Rainforest, as the emirate continues its drive to attract tourism from all over the world.The tropical ecosystem, which was announced by leading luxury developer Damac Properties, will be housed within the company’s Akoya Oxygen master development community as one of the premium attractions... Continue Reading →
It's a fickle business to invest in, the rag trade, and the fortunes of three of the UK's favourite fashion stocks show how differently things can turn out.On the one hand, we have high-street supremo NEXT (LSE: NXT) and upmarket designer Burberry (LSE: BRBY)(NASDAQOTH: BURBY.US) both hitting new 52-week highs, and on the other there's online retailer ASOS(LSE: ASC)(NASDAQOTH: ASOMF.US)... Continue Reading →
Essen, Germany – Global discount supermarket retailer Aldi Inc. is thinking big when it comes to Texas. According to the Dallas Morning News, Aldi sees potential for as many as 450 stores in the Lone Star State.This would be part of a larger expansion program, announced in November, that would grow Aldi’s total U.S. store count by 650... Continue Reading →
The Mall of America in Minnesota. Al-Shabaab has called for attacks on shopping malls in the UK, US and Canada. US and British security services are assessing the credibility of new threats against western shopping centres issued by Somali-based Islamist terrorists. A propaganda video released by militant group al-Shabaab on Saturday called for strikes on... Continue Reading →
EDCON Holdings says it is considering a sale of noncore stores as it struggles under the weight of crippling debt and low apparel retail sales growth.This comes as total debt of R19.8bn in the nine months to December 2013 had risen to R21.7bn in the same period last year, the group said during its quarterly... Continue Reading →
Sales at Primark are set to come in 16 per cent higher than last year according to a pre close period trading update from parent company Associated British Foods plc. ABF said on Monday morning that sales at the fast fashion retailer were expected to rise thanks to an 11 per cent increase in retail... Continue Reading →
SuperValu has announced that it recorded retail sales of €2.58 billion in 2014. The Musgrave Group says this represents a new milestone for the brand, following the addition of 24 former Superquinn stores to the business in February 2014. As a result, SuperValu now holds 24.9% market share and serves over 2.6 million customers every... Continue Reading →
Shoe retailer Dune says it will open three new stores in Saud Arabia within the next year, as part of continued expansion in the Middle East. Dune’s international franchise director Ben Jobling told Arabian Business that the company has identified three locations for new stores in Riyadh and Jeddah after identifying a growing and “increasingly... Continue Reading →
Dubai: After enduring a less than impressive sales performance in the fourth quarter of last year, many of Dubai’s retailers are starting to feel the extra burden imposed on them by higher rentals in Dubai’s malls. At some of the leading shopping destinations, rental increases have shot up by an average 25-30 per cent on... Continue Reading →
Edcon on the brink after poor quarterlies EDCON’s dismal results for the third quarter to December reinforce analysts’ views that the once high-flying clothing retailer has little future in its present form. The heavily indebted group, the largest nonfood retailer in the country, which was bought in 2007 by Bain Capital for R25-billion in South... Continue Reading →
Alshaya partners with Princess Nora Bint AbdulRahman University to expand training and employment opportunities for Saudi women in retail Kuwait, 22 February 2015: M.H. Alshaya Co., the leading international retail franchise operator, and the Princess Nora Bint Abdul Rahman University in Riyadh have signed a memorandum of understanding (MOU) to build a strategic partnership and... Continue Reading →
MTN could outsource management of its retail stores and field staff, with an industry insider suggesting a deal with Brightstar is on the cards. By Lloyd Gedye. MTN could outsource management of its retail stores and field staff, with an industry insider suggesting a deal with Brightstar is on the cards. The industry insider said... Continue Reading →
The Scottish designer has landed on London's luxurious Mount Street alongside his London Fashion Week peers BY Olivia Lidbury | 19 February 2015 The boutiques lining Mount Street in Mayfair already read like a who's who of the most exciting London Fashion Week designers: Roksanda, Roland Mouret, Nicholas Kirkwood are there - and now Christopher... Continue Reading →
US fashion designer Michael Kors is opening a shop in Belfast's Victoria Square Shopping Centre - just as record-low inflation leaves consumers with more cash to spend. Not since Elvis was in the charts has our disposable income stretched so far, and with the improved spending power comes the prospect of indulging one of our... Continue Reading →
Asda is to invest £600m opening 17 new supermarkets and revamping 62 more, despite undergoing a tough 12 months of flatlining sales and profits. This year’s expansion plans are in sharp contrast to Asda’s major rival Tesco, which is shutting stores and selling off development sites. Sainsbury’s and Morrisons have also reined in expansion. Asda... Continue Reading →
The latest One Direction pop-up store is coming to Dubai for just nine days. The shop, 1D World, will be open at Dubai Mall near the Dubai Aquarium and Underwater zoo, ground floor, between Friday February 20 and Saturday February 28. Fans will get the chance to win one of five pairs of Diamond standing... Continue Reading →
New York - Kenneth Cole Productions Inc. has appointed apparel industry veteran Marc Schneider as CEO, effective Feb. 23. Schneider will assume responsibility for the company's retail, outlet, e-commerce, international, licensing and wholesale businesses. He takes over from founder Kenneth Cole, who has served as interim CEO since February 2011. “Over the last year we... Continue Reading →
Posted on February 18, 2015 by Buster Hein—3 comments Apple’s architectural firm, Foster + Partners, released pictures of the gorgeous new West Lake store in Hangzhou that was recently completed. The new Apple Store was covered by an incredible mural during construction, but the finished all-glass facade is even more stunning. The firm says West... Continue Reading →
New York -- Jonathan Ive, senior VP of design at Apple, is working on a redesign of Apple stores to make them feel more like a “natural” environment for the forthcoming Apple Watch, according to an article in The New Yorker. “Ive has begun to work with (Angela) Ahrendts, Apple’s senior VP of retail, on... Continue Reading →
Mr Allan replaces Sir Richard Broadbent, who announced he would step down after Tesco uncovered a £263m accounting scandal last September. The Tesco board voted unanimously in favour of Mr Allan in what is thought to have been a straight fight with Archie Norman, the chairman of ITV and former boss of Tesco’s rival Asda.... Continue Reading →
Telkom says it will close ‘some’ of its 95 Telkom Direct Stores as part of a restructuring plan announced on Monday (16 February). The company aims to “unlock further cost efficiencies” within four areas of the business, namely, certain Telkom’s Direct Stores, Call Centres, IT Legacy Systems and internal printing and Supply Chain and Properties.... Continue Reading →
aladdin cityDubai MunicipalityThe towers will reach heights of 34, 26 and 25 storeys Dubai has given the green light to yet another outrageous building project - a 4,000-acre complex of towers inspired by characters from Arabian Nights, including Aladdin and Sinbad the Sailor. “Aladdin City” will feature six towers, some designed to resemble Aladdin’s magic... Continue Reading →
Watched by her adoring family, Victoria Beckham brought a sexy vision of fall/winter to an intimate New York runway Show Sunday and confided that she plans to open a second store in Asia. The one-time pop star, mother of four and wife of retired English football superstar David Beckham, has won plaudits in the fashion... Continue Reading →
Up to 10,000 jobs could go at Tesco as boss Dave Lewis wields the axe in an attempt to turnaround Britain’s biggest retailer. The scale of the job losses highlights the challenge facing the company as it tries to recover from a slump in sales and profits. The Telegraph understands that up to 6,000 jobs... Continue Reading →
First it was fashion and now it's homewares for the fashion conscious with the opening of Zara Home at the Highpoint shopping centre in Melbourne. It's the first homewares store by the Spanish group Inditex – the owner of the Zara label – in Australia but more are planned. There are suggestions the Macquarie Centre... Continue Reading →
Prada recently opened a new store on Queen Street in Auckland, establishing a presence in the city’s prestigious shopping district. The new space, designed by architect Roberto Baciocchi, covers a total area of 350 square metres, spread over two floors, and houses the women’s and men’s ready-to-wear, leather goods, accessories and footwear collections. The external... Continue Reading →
Dubai: Majid Al Futtaim Fashion has signed an agreement with Lululemon Athletica to open stores under the brand in five countries in the Middle East, with the first due to open in Dubai in the fall, according to a statement on Sunday. The agreement covers a five-year term, with an exclusive licence for stores and... Continue Reading →
Bahrain's Dragon City, a major retail project infused with Chinese architectural and cultural aspects, is set to be inaugurated in September, it was announced on Sunday. ZG Keung, the vice-president of China Max Company, said in comments published by Bahrain News Agency that construction of the Dragon City project will be completed in June, with... Continue Reading →
India’s retail market expected to double in next 5 years: report Mumbai: India’s retail market is expected to double to $1 trillion by 2020 from $600 billion in 2015 driven by income growth, urbanization and attitudinal shifts, a new report said. While the overall retail market will grow at 12% per annum, modern trade will... Continue Reading →
According to several sources, many people on Thursday lost their jobs at Yahoo. Management is describing the firings as part of an organizational realignment, or restructuring, and not as a general layoff. It is unclear how many people are being fired. The cuts are across multiple groups. A source close to Yahoo employees tells us,... Continue Reading →
Chief Executive of SuperGroup, Julian Dunkerton is to step down from his current role and will instead become “Founder and Product and Brand Director” of the company. With immediate effect, SuperGroup, makers of ‘urban’ clothing label Superdry will be led by Euan Sutherland. Dunkerton, who began his career selling clothes out of bin bags in... Continue Reading →
MOSCOW (Reuters) - Azerbaijan's PNN Group will open two stores selling SuperGroup's Superdry clothing label in Russia in the coming months, despite gloomy expectations for consumer sentiment due to a slump in the rouble and a foundering economy. SuperGroup said two franchised stores would open at the end of April and further expansion would depend... Continue Reading →
The elusive Maclaren buggy Shoppers who thought they’d bagged a bargain buggy from John Lewis have been left disappointed - after the discount turned out to be a mistake. On Saturday, the John Lewis website showed the Maclaren Quest Sport 2013 Buggy Black/Champagne at the knocked-down price of £40. It was originally priced at £145,... Continue Reading →
Dubai Mall is 'centre of world retail' UAE locals and expats enjoy at Dubai Mall. Photo by Patrick Castillo Surpassing annual footfall figures achieved by the world’s most popular tourist destinations and key international airports, The Dubai Mall is once again the ‘world’s most-visited lifestyle destination’ welcoming over 80 million visitors in 2014. For the... Continue Reading →
Plano, Texas -- J.C. Penney Co. said it plans to expand its in-store Disney shop concept, currently featured in 565 stores, to an additional 116 stores this year. The retailer also announced a collaboration with the upcoming Disney live-action "Cinderella" movie, including the sale of apparel, dolls and a "deluxe" ball gown with "make-believe 'glass'"... Continue Reading →
The Westgate Oxford Alliance, a joint venture between Land Securities and The Crown Estate, has announced that it is to start work on its £440 million Westgate Oxford shopping centre development. Construction work is set to start in this Spring and preparatory is due to begin imminently. The new 800,000 square foot retail and leisure... Continue Reading →
Madewell goes global! J. Crew's hipster sister label is FINALLY set to become available to Brits The label will be available on Net-a-porter.com from February 25 Madewell, the denim-focused younger sister of J. Crew, is to become available in the UK for the first time thanks to a new partnership with Net-a-porter.com. The fashion label,... Continue Reading →
Thai billionaire Dhanin Chearavanont keen on Tesco Lotus deal One of the richest men in Thailand has approached Tesco about a multi-billion pound deal to buy its business in the country. Dhanin Chearavanont is understood to have approached Tesco in December about a deal and, although he was rejected, the tycoon is considering another bid.... Continue Reading →
DUBAI // Sheikh Mohammed bin Zayed on Monday detailed the leadership’s vision and plans for a future without oil. Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, said the nation’s unity and diversification of economy would ensure a sound future for generations to come. He said investments in... Continue Reading →
Poundland Budget retailer Poundland has said it wants to buy 99p Stores for £55m, subject to approval by competition authorities. The two firms have signed a conditional deal for £47.5m in cash and £7.5m in stock. The sale, should it go through, includes 99p Stores' network of 251 shops, which trade as 99p Stores and... Continue Reading →
LloydsPharmacy opens first UK franchise store LloydsPharmacy has opened its first ever UK franchise store in Gloucester. As well as adopting the LloydsPharmacy identity, the store has been refurbished in line with LloydsPharmacy owner Celesio’s European pharmacy network design. Celesio has already transformed more than 300 pharmacies in its UK network and the Gloucester store... Continue Reading →
City Airport £200m expansion gets go-ahead but campaigners say it will create 'ghettos and misery' A £200million expansion of London City airport was today hailed as a “vital boost to London’s aviation capacity” as it was given planning approval. Newham Council last night gave the green light to an extended terminal, a new taxi-way and... Continue Reading →
Argos and Sainbury's have teamed up to open 10 new Argos digital stores within existing Sainsbury's supermarkets. This will bring extra choice and convenience to Sainsbury's and Argos customers who will have access to the combined ranges in the convenience of a supermarket. These new format Argos digital stores will provide customers with a choice... Continue Reading →
It seems as if British high street retailer Topshop may not be big in Japan after all. The fashion chain has reportedly closed all five of its stores in Japan, with local store operators claiming that the store's future within the country remains unclear. According to a report from Nikkei Asian Review, Topshop shut down... Continue Reading →
Amazon is considering buying some RadioShack stores, according to Bloomberg. It would mean the e-commerce giant would finally have a presence in the physical retail market, having previously stopped at simply pondering a flagship store in Manhattan. So far Amazon has only built pop-up shops and Kindle vending machines. Amazon has discussed acquiring some RadioShack... Continue Reading →
Amazon@Purdue Amazon has opened its first physical store - not in downtown Manhattan but on the campus of Purdue University in West Lafayette, Indiana. The e-tailer calls it a “customer order pickup and drop-off location”, which will allow Purdue students to collect orders of textbooks as well as other goods, and make returns. The “store”... Continue Reading →
The boroughs of Queens and Brooklyn are each getting an Apple retail store, a first for each. A new store is also being planned for the Upper East Side of Manhattan on 74th Street. The new store at Queens Center Mall should open for business before the end of year. The opening of the Upper... Continue Reading →
New York -- Forever 21 will open a five-level store on Fifth Avenue in Manhattan, taking over the space that formerly housed an H&M. The new Forever 21, which is located on Fifth between 51st and 52nd Streets, is scheduled to open on Feb. 7.
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