Discount retail is digging in as B&M buys 12 B&Q stores

Discount retail is digging in as B&M buys 12 B&Q stores B&M Bargains, the cut-price variety retailer chaired by the former Tesco boss Sir Terry Leahy, is understood to have snapped up 12 of the 14 sites that have so far been sold by the Kingfisher-owned B&Q, Britain’s biggest DIY retailer. B&Q has previously revealed... Continue Reading →

Tommy Hilfiger launches furniture collection

    U.S. fashion house of Tommy Hilfiger, which is owned by PVH Corp., recently announced the addition of furniture to the Tommy Hilfiger Home collections. Available in the United States and Latin America as of fall 2015, the furniture collection will be offered in two collections and available through key department stores, specialty stores,... Continue Reading →

Latest global ranking of luxury brands by value

   Louis Vuitton and Chanel were the only big luxury brands to increase in value last year as the industry grappled with slowing sales in China and Russia, research company Millward Brown said Wednesday in the 2015 BrandZ study. Vuitton gained 6 percent to $27.4 billion, placing LVMH Moet Hennessy Louis Vuitton SE’s biggest brand... Continue Reading →

Topshop rated Britain’s worst fashion shop by Which?

   Arcadia’s fashion chains Topshop and Topman have been ranked Britain’s worst fashion shops, closely followed by H&M and BHS, in the annual retailer survey by consumer watchdog Which?. The annual survey of 100 well-known high street names, surveyed 9,409 members of the public to rate stores based on their prices, store environment, customer service... Continue Reading →

Chanel to begin selling eyewear online

New York - Earlier this year, Chanel announced that they would begin e-commerce operations in 2016. It was news that was met with applause by the fashion industry, and as it was announced on April 1 (April Fool's Day), many were hesitant to believe the news was even true. Before the legendary French fashion house... Continue Reading →

Mr Price: Group’s dividend beats estimates

RETAILER NEWS IOL Business - May 25th, 09:23    Mr Price Group extended gains after the clothing, furniture and linen retailer declared a dividend that beat estimates and said profit had climbed 21 percent.   The retailer had increased the dividend by 20 percent to R5.80 a share, the Durban-based company said in a statement... Continue Reading →

Tesco execs will have to hand back bonuses in future over misstated results Tesco’s outgoing chief executive Philip Clarke will remain in situ until October when Unilever’s Dave Lewis is to take over   Tesco’s former chief executive Philip Clarke was paid £1.2m for loss of office News Read More: tesco 25 May 2015 | 0... Continue Reading →

New Look Chairman Mason Quits After £2bn Deal New Look Chairman Mason Quits After £2bn Deal Paul Mason, the retail veteran who chairs New Look, is to step down from his role at the fashion retailer following its £2bn takeover by a South African investment vehicle. Sky News understands that Mr Mason, a former chief... Continue Reading →

Whitbread announces new CEO

Costa coffee group Whitbread has hired Alison Brittain, former head of Lloyds Banking Group’s retail division, to replace outgoing chief executive Andy Harrison. Brittain, who is also a non-executive director at M&S, will join Whitbread next January. “We ran an extensive search and selection process and Alison was the standout candidate from a very strong field,” said Whitbread... Continue Reading →

Nordstrom rolls out text shopping initiative

As m-commerce booms, retailers have been honing in on ways to engage with consumers through smart devices, for example via photo sharing app Snapchat. Now Nordstrom, the American retailer, has  launched ‘TextStyle’ across all of of its 116 US store, a way for customers to make curated purchases from sales advisors and personal stylists using... Continue Reading →

Mothercare planning to close South Africa stores

Mothercare halves losses as chief executive Newton-Jones's turnaround plan takes effect Mothercare Mothercare said it halved its losses for the full year as a result of new chief executive Mark Newton-Jones's turnaround plan. The pregnancy and children's product retailer reported a loss of £13.1m ($20.54m, €18.44m), less than half of last year's £26.3m. Newton-Jones joined... Continue Reading →

Mr Price eyes earnings rise

MR PRICE Group is likely to buck the retail sector gloom when the group’s full-year results are released on Friday. The firm is expecting headline earnings per share of between 902.8c and 933.4c from 765.1c last year. Rising living costs and household indebtedness are weighing on spending with constrained consumers increasingly searching for value. Mr... Continue Reading →

The Cotton On Group looks set to expand to Namibia 19 May 2015 08:47Marketing News                   Australian retailer The Cotton On Group, continues to be one of the fastest growing fashion retailers globally, expanding its African footprint by opening its first store in Namibia on Friday, 29... Continue Reading →

More luxury brands enter South Africa

”Diamond Walk”, the new development within the Sandton City complex in Johannesburg has attracted new luxury store openings by major international brands. Prada, Dolce&Gabbana, Burberry, Giorgio Armani and Louis Vuitton have already opened their stores on the Diamond Walk at Sandton. Future store openings include: Ermenegildo Zegna, Billionaire Italian Couture, Jimmy Choo and Tod’s. Sandton City’s Diamond... Continue Reading →

Krispy Kreme Opening 31 Shops in South Africa 

Krispy Kreme to Expand its Presence to Africa By Opening 31 Shops in South Africa Over the Next Five Years WINSTON-SALEM, N.C.--(BUSINESS WIRE)-- Krispy Kreme (KKD) today announced it has signed a development agreement with KK Doughnuts SA (Pty) Ltd., to open 31 Krispy Kreme shops in South Africa over the next five years. This... Continue Reading →

Thorntons’ boss quits after supermarket sales fall

The chief executive of Thorntonshas resigned after a difficult few months in which the chocolate maker issued a pre-Christmas profit warning and suffered a fall in orders from supermarkets. Jonathan Hart will leave the company at the end of its financial year on 27 June. Barry Bloomer, Thorntons’ chief operating officer, will run the company while... Continue Reading →

Prada Opens Store In Johannesburg

The Prada fashion house has opened its first store in South Africa. The brand now occupies an 8,611-square-foot retail space in the new luxury wing of the Sandton City mall in Johannesburg, which is called the Diamond Walk. "The new opening in Johannesburg, one of the most interesting cities in Africa from a cultural and commercial point... Continue Reading →

New Look Changes Hands In Brait Buyout

   A South African billionaire has become one of the biggest players on the British high street by taking control of New Look in a deal valuing the fashion retailer at £1.9bn. As Sky News exclusively revealed on Thursday night, Brait, the private equity vehicle of Christo Wiese, said it had reached an agreement with New Look's... Continue Reading →

Original Sofa Co opens Harrods concession 

Original Sofa Co opens Harrods concession following £110,000 investment Furniture makers the Original Sofa Co have opened a new concession in luxury department store Harrods thanks to a £110,000 investment. The Team Valley-based firm was approached by Harrods on the back of success at its newly opened Sloane Square showroom in London. A second investment from... Continue Reading →

Revealed: World's biggest hotel to open in Saudi Arabia Abraj Kudai is to become the world's largest hotel located in Makkah, Saudi Arabia and upon completion, will offer 10,000 rooms in 12 separate towers. Designed by Dar Al Handasah, the project has a total built area of 1.4 million metre square and will be set... Continue Reading →

Marks & Spencer returns to Belgium

   It was a "memorable day" for Marks & Spencer, according to chief executive officer Marc Bolland. After a fifteen year absence, the department store group has return to Belgium with the opening of its newest store on the Guldenvlieslaan street in Brussels. The 5,000 square meter store is part of the previously presented 'Bricks... Continue Reading →

German Retailer Tchibo Introduces New Shopping Concept to Region With First Branch Opening in Dubai Mall

German Retailer Tchibo Introduces New Shopping Concept to Region With First Branch Opening in Dubai Mall DUBAI, UAE, May 11, 2015/PRNewswire/ -- New Tchibo Shop mixes coffee and non-food items with new stock showcased on a weekly/periodic basis  German Retailer Tchibo announced the grand opening of a first-of-its-kind Tchibo Shop & Tchibo Coffee in Dubai Mall.... Continue Reading →

SA online shopping only 1% of retail sales

Online shopping in South Africa was birthed in 1996, but e-commerce is only forecast to reach 1% of total local retail sales in 2016. This is according to the managing director of research company World Wide Worx, Arthur Goldstuck, who was speaking at an event hosted by digital marketing initiative Heavy Chef in Johannesburg on... Continue Reading →

“2014 Chanel’s best year to date”

"2014 is Chanel’s best year ever ... We have grown well, I would say with a significant growth. We are very satisfied," said Bruno Pavlovski, the number of Chanel’s fashion division.  According to market sources, the French fashion house would have registered revenues of 5.6 billion euros for the past fiscal year, well ahead of... Continue Reading →

Tesco loses two more directors

Tesco is to lose two more non-executive directors, including the head of the retailer’s audit committee, Ken Hanna, in the latest move in the board overhaul that began after last year’s £263m accounting scandal. The long-anticipated exit of Hanna, who became chairman of Tesco’s audit committee in October 2012 and has sat on Tesco’s board since... Continue Reading →

Blog at

Up ↑