Works begins on new £12m retail park in Nottingham

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 →

Dubai’s Abraaj buys stake in Turkish online retailer

Private equity firm Abraaj Group has bought a minority stake in, 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 to house Middle East’s first Rainforest

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 →

NEXT plc And Burberry Group plc Continue To Soar 

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 →

Aldi sees opportunity for 450 Texas stores

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 →

EDCON’s dismal results for the third quarter

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 to expand training and employment opportunities for Saudi women in retail

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 retail operations

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 →

Dubai’s ‘Aladdin City’ is coming next year

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 →

Tesco to cut up to 10,000 jobs

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 →

Prada opens new store in Auckland

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 →

Lululemon store coming to Dubai

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 →

Marissa Mayer is firing people at Yahoo

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 →

Superdry clothing stores to open in Russia

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 →

LloydsPharmacy opens first UK franchise store

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

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 →

Amazon wants to buy some of RadioShack’s stores

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 →

Forever 21 to open on Fifth Avenue

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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