Dubai's Emirates Airline looks set to become the brand sponsor of the oldest knockout football competition in the world, the FA Cup. As part of a reported $46 million (£30 million) three-year deal, the competition will be renamed the Emirates FA Cup. The FA failed to secure a sponsor for this year’s competition, after drinks... Continue Reading →
Nike turned 50 this year. To celebrate, a UK gym, My Fitness Boutique, has created this infographic to celebrate the shoe and apparel company's five decades in business. We've picked out some of the most interesting factlets from the infographic, and a few snippets from around the web, that many people may never have known about... Continue Reading →
Italian fashion retailer Stefanel is set to open another store in London after securing a location on Regent Street, after signing a ten-year lease with the Regent Street Partnership, which comprises The Crown Estate and Norges Bank Investment Management. The 2,600 square foot flagship spans across the basement and ground floors at 78 Regent Street... Continue Reading →
Mulberry spring/summer 2015 campaign image British leather goods maker Mulberry is celebrating the opening of its new Paris flagship store with an animated social video. The fashion label moved its Parisian boutique down the street from 207 to 275 Rue Saint-Honoré. While not a dramatic move, promoting the relocation on social media will help ensure... Continue Reading →
Tommy Hilfiger has opened a new anchor store in the heart of Berlin's Mitte neighbourhood, a hotspot for fashion and eclectic street style. The spacious store, designed by rpa:group, covers two floors with a sales area of 347 sq m. It offers the full range of Tommy Hilfiger collections, including men's sportswear, women's sportswear, men's... Continue Reading →
Stella McCartney opens Tokyo flagship store at Miyuki Dori in the heart of the iconic Aoyama district reflecting the world of Stella McCartney within an intimate, personal and architectural atmosphere carrying the brand’s luxury women ready-to-wear, accessories and kids collections. Covering 170 square meters and spread over 3 floors within a cantilevered woven mesh white cube... Continue Reading →
French Connection revealed earlier this month that revealing its retail sales will be significantly lower than expected, sending its stock to 39 pence each (-26 percent). The fashion chain, had previously forecast a 500,000 pounds profit for the coming year but it came in as the expected 3.5 million pounds loss. It is noteworthy that... Continue Reading →
Former Morrisons chief executive Dalton Philips doubled his pay last year to £2.1m and will receive a further £1.1m payoff despite being sacked after a slump in sales and profits at the supermarket chain. Philips, who left in January, was awarded a £1m annual bonus in cash on top of his £850,000 salary, £213,000 in pension... Continue Reading →
An overstatement of profits worth £63m (€88m) occurred at Tesco's Irish arm of its business News Read More: supplier payments tesco 27 April 2015 | 0 It has been revealed that an overstatement of profits worth £63m (€88m) at Tesco occurred in the retailer’s Irish arm of its business. Last September Tesco made the shock announcement that... Continue Reading →
Luke Fitzgerald and Vogue Williams present Re.Store, a dynamic new Irish food, coffee and convenience concept News Read More: forecourt Topaz 24 April 2015 | 0 Re.Store, a new Irish food, coffee and convenience concept has joined forces with Ireland’s leading fuel retailer, Topaz, to provide a new in-store experience. The concept has launched in over 26... Continue Reading →
Marka, a UAE-based retail and hospitality firm, has announced that it has acquired a majority stake in Cheeky Monkeys Playland & Sweet Surprises, an edutainment concept designed as a destination where children learn as they play. Marka said in a statement that it plans to open an additional eight Cheeky Monkey outlets across the GCC... Continue Reading →
By Sean Poulter for the Daily Mail and Mark Duell for MailOnline 23:44 21 Apr 2015, updated 17:15 22 Apr 2015 Firm's underlying profits for the last financial year down 68% to £960m Caps disastrous year after accounting scandal and ferocious price wars One of largest downturns in history represents 'official end of Tesco era' Shares down... Continue Reading →
AP Angela Ahrendts, Apple's senior vice president of retail, recently sent a video message to Apple employees to discuss details regarding the launch of the Apple Watch and the new MacBook. French Apple blog Mac4ever obtained the video and posted it online. The main point of the memo seemed to be clarifying the Apple Watch's retail availability... Continue Reading →
PARIS (Reuters) - Kering's Gucci posted a bigger than expected drop in first-quarter sales on Tuesday, which it blamed on a transition period as its flagship brand works to regain momentum under a new creative and management duo. Gucci, which accounts for nearly 60 percent of Kering's operating profit, saw comparable sales fall nearly 8... Continue Reading →
REPORT Mango closed the 2014 financial year with a consolidated group turnover for the Mango MNG Holding of 2.017 billion euros (2.154 billion dollars), representing a 9.3 percent increase on 2013, and an EBITDA of 223 million euros (238.2 million dollars). With the strong global presence of the brand, 82 percent of turnover was driven by... Continue Reading →
Baltimore -- Pandora Jewelry, in collaboration with Walt Disney Parks and Resorts, has opened dedicated shops within two Disney merchandise locations: Uptown Jewelers in Magic Kingdom Park at Walt Disney World Resort in Florida and La Mascarade d'Orleans in Disneyland park in California. Both locations carry Pandora’s newly released spring 2015 Disney jewelry collection and the... Continue Reading →
Open Gallery 1House of Fraser: Sunflower dress, €77 (Dickins & Jones) British department store House of Fraser said it would open its first shops in China next year and start trading there online, as strong demand in Britain helped annual profits rise 7 percent. The company, sold a year ago to China's Sanpower Group, said on... Continue Reading →
Pep&Co, the new budget fashion chain founded by former Asda chief executive Andy Bond and former Sainsbury’s Tu boss Adrian Mountford, has announced plans to create 500 new jobs across England, Wales and Scotland by the end of August. The news comes as the fashion retailer confirms that it plans to open an initial 50... Continue Reading →
Primark has increased half-yearly sales by 15% since last year, boosting retail profits for Associated British Foods, which owns the budget fashion chain.Operating profits for Primark were £322m in the six months to February, up from £298m in the same period last year.AB Foods credited a strong Christmas trading period for Primark.But the group's profits... Continue Reading →
Spur Ethopia: Neway, Teodros, Pierre, Ronel, Derick, Yonas and Mulugeta.Pierre van Tonder, CEO Spur Corporation in South Africa, explains why Ethiopia is such an attractive investment opportunity: "Ethiopia is a dynamic, productive country with one of the highest GDP growth rates in Africa. It holds many opportunities for entrepreneurs like our new partners. Spur International... Continue Reading →
CBRE reports prime Zone A retail rents on Dublin’s Grafton Street increased to €5,500 per square metre per annum in Q1 2015, while rents elsewhere remained stable over the quarterNewsRead More: CBRE high street vacancy rate20 April 2015 | 0High street vacancy rates have improved in the majority of Irish cities and towns monitored by commercial property... Continue Reading →
Private equity firm finalizes deal to buy Wet SealDive Brief:Philadelphia-based private equity firm Versa Capital Management has closed a deal to buy teen apparel retailer Wet Seal, which has gone private and filed for Chapter 11 bankruptcy protection in January. The troubled retailer will continue operating 173 stores and maintain its headquarters in Foothill Ranch in Orange County, California. The... Continue Reading →
The pound shop is selling items for a quid online, so you don't even have to go into a shop to find a bargain. But there are some rulesA new online pound shop has launched – with a catch.Bargain hunters visiting the new Poundworld Plus website will need to spend a minimum of £20.Then there is the... Continue Reading →
First Muji, then Uniqlo, then Reiss - Toronto is quickly becoming home to a who's who of some of the world's coolest retailers. Lovers of the avant-garde, this new one is for you: COS, an upscale sister line to H&M, has announced it's finally opening locations in Canada, a year after it first announced it was heading to the U.S.The... Continue Reading →
RIYADH, April 20 (Reuters) - Saudi Arabia has put security forces on alert for a possible militant attack on a shopping mall or energy installation, Interior Ministry spokesman Mansour Turki said on Monday. "There was information about a possible act targeting a mall or Aramco installations. We passed this information to the security forces to be... Continue Reading →
Poundland 'bargains' up to 50% more expensive than items sold in big supermarkets new research showsBy Jennifer Newton for MailOnline11:47 19 Apr 2015, updated 19:18 19 Apr 2015Certain products at retailer are more expensive per unit than supermarketsComes as Poundland announced sales exceed £1bn for first time last yearCompany's success has been put down to... Continue Reading →
The supermarket group's boss, Dave Lewis - who replaces axed chief Philip Clarke last year - has vowed to turn the company's fortunes aroundTroubled retail giant Tesco is set to announce record losses of up to £5billion this week – the worst performance in its 97-year history.Clive Black of stockbrokers Shore Capital said Wednesday’s announcement will be... Continue Reading →
H&M unveils Conscious Capsule Lounge pop-up at Oxford CircusFormRoom has worked with H&M to transform the Lounge on the store's fourth floor at its Oxford Circus store into a Conscious Capsule Space. For the re-activation of its conscious message globally, H&M wanted to create a space in its flagship store in the UK.The team wanted to keep... Continue Reading →
Getty Images EntertainmentAAPLApr 16 05:00PM126.17-0.61-0.48%Apple retail chief Angela Ahrendts on Thursday sent a memo to Apple employees that explained the shipping delays for the Apple Watch, and she hinted that the company would return to iPhone-style launches with lines outside its stores.The French Apple news site iGen.fr obtained the memo, which goes into detail on the... Continue Reading →
Morrisons is to cut more than 700 head office jobs in a sweeping clearout by its new boss that will reduce staff at the grocer’s Bradford site by nearly a third.David Potts, a month into his role as chief executive, has already axed half of his top management team and is now turning his attention to... Continue Reading →
Mothercare plans to cut up to 140 shopfloor managers as part of an overhaul of the loss-making UK chain. The company said 620 middle managers had been put at risk of redundancy, with 120-140 jobs expected to go as new roles are created. Mothercare employs about 5,000 people in its UK shops.The move would save £1.3m and help reduce Mothercare’s... Continue Reading →
Debenhams continues to benefit from growing online salesDebenhams has posted positive results for the first half of its financial year, beating analysts' expectations.The company's share price rose 6.6%, reaching a 15-month high, after the retailer reported profit before tax rose 4.3% to £88.9m for the 26 weeks to 28 February.Debenhams said its focus on online delivery... Continue Reading →
One of America's most internationally known designers is taking his talents and designs to South America, Sao Paulo, Brazil to be precise. On Tuesday, April 14th, 2015, Ralph Lauren will open a 9,100 square foot store in one of the largest tourist destinations in the world. The store will feature Ralph Lauren men's wear and... Continue Reading →
schuh launches new concept store at Bluewaterschuh has unveiled its new interior retail concept, twentyFIFTEEN, at its Bluewater store in Kent. The redesign has been masterminded by MRA Architecture & Interior Design.The design team also took influence from the work of contemporary artists Aakash Nihalani and Will Dorner to develop a concept based on improved sightlines,... Continue Reading →
This is how Aldi is killing Waitrose in Britain's supermarket price warAldi has been called the world's best grocery chain. The German company has more than 8,000 stores around the world and is rapidly expanding. Aldi attracted over half a million new customers this year and hurdled over Waitrose to become the sixth biggest supermarket in the UK.One reason... Continue Reading →
Anyone with a Nectar card shopping at Sainsbury’s this weekend is going to be disappointed. On Saturday the retail giant halved the number of Nectar points its customers will earn from now on in-store.As of Saturday, instead of getting two points for every £1 you spend at Sainsbury’s you will now only get one. And... Continue Reading →
Mandate has said that a group of 100 shop stewards will meet within the next fortnight to set a date for further industrial actionNewsDunnes Stores workers who belong to Mandate trade union are to set a date for further industrial action within the next two weeks.The move follows a meeting of the union’s National Disputes... Continue Reading →
NewsThe latest supermarket share figures from Kantar Worldpanel in Ireland, published today for the 12 weeks ending 29 March, show a change at the top with SuperValu becoming Ireland’s largest grocery retailer.David Berry, director at Kantar Worldpanel, said: “One of the key rules in driving sales growth is that you need to broaden your appeal... Continue Reading →
British department store brand House of Fraser will officially enter the Chinese market and its first batch of stores will be located in Nanjing, Xuzhou, and Chongqing.In April 2014, HOF was acquired by Nanjing Cenbest, a subsidiary of China Sanpower Group. With the transaction, Cenbest gained a 89% stake in this U.K. department store brand... Continue Reading →
Michael Kors has recently opened a new store in Moscow, defying the current financial crisis of the country. The new Michael Kors store opened in the heart of Moscow on Stoleshnikov Lane. The store which covers 200 sqm features ready to wear, accessories, jewelry, shoes and fragrances. Michael Kors stores in Russia are operated in franchising by BNS... Continue Reading →
The company behind the Eastern Cape's largest regional shopping centre promises a mix of big fashion, food and fun when it opens its doors on 21 May 2015.Introducing her new team of 23 dedicated staff members, Baywest Mall general manager Sonja de Necker last week said 96% of the 90000m² mall had been let, of... Continue Reading →
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Lifestyle clothing brand Quiksilver has promoted Pierre Agnes to the position of chief executive.Previously president of Quiksilver, Agnes has succeeded Andy Mooney who has now left the business. Bob McKnight, founder and chairman of Quiksilver, said: “On behalf of the board, I want to thank Andy Mooney for his leadership in driving the organizational changes that... Continue Reading →
US clothing brand Gant has expanded its UK presence with the opening of a new store at London’s St Pancras station.The 1,860 square foot shop will sell the brand’s collections for both men and women as it looks to benefit from the one million commuters who pass through the station each week. Fergus Patterson, managing director... Continue Reading →
Intelligent door sensors, LED fridge lighting and a new heat reclaim system are all set to help Marks & Spencer Newcastle's energy efficiency by 20% – as well as enhancing the customer experience.Marks & Spencer (M&S) has unveiled its new-look eco-friendly store in Newcastle, which provides a number of green features.The Northumberland Street store has... Continue Reading →
(Reuters) - British toy store Hamleys opened its largest shop in the world on Tuesday in central Moscow despite an economic downturn in Russia that is forcing buyers to cut back on spending.Launched amid fanfare after seven years of renovation work in what was the Soviet-era department store Detsky Mir (Children's World), the new shop covers 6.750... Continue Reading →
Salvatore Ferragamo has opened first monobrand store in Denmark, inside the prestigious Department Store ILLUM, in Copenhagen, on Østergade, marking the launch of the Florentine brand’s direct presence in Scandinavia. The new Salvatore Ferragamo store, which extends over a total surface area of about 180 sqm, and has two display windows overlooking the street, offers Men’s... Continue Reading →
Amazon unveiled its new Dash Button Tuesday that lets users order everyday household items with the press of a button. Available to Amazon Prime members on an invitation-only basis at launch, the adhesive buttons are connected to users' WiFi—once pressed, an order is automatically sent to Amazon and shipped. Amazon only responds to the first press of the button... Continue Reading →
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