IKEA to test new retail format in Britain

LONDON (Reuters) - IKEA Group plans to trial a new small-format store in Britain as it seeks to extend its reach across the country, the world's largest furniture retailer said on Wednesday. The privately owned Swedish company, known for its flat-pack, self-assembly furniture, intends to trial "order and collection points", starting in Norwich, eastern England,... Continue Reading →

Superdrug records £12.4m operating profit increase for 2014

This week Superdrug filed accounts at Companies House for the 52 weeks ended 27 December 2014.     The accounts show an operating profit for 2014 of £38.2m, up on the £25.8m operating profit of 2013, and the operating loss of £6.4m in 2012. A key focus area for the business was health, which saw... Continue Reading →

Ahold and Delhaize announce $29bn merger

Dutch-based supermarkets operator Ahold has reached a deal to buy Belgian peer Delhaize, the companies announced today, in a move that will create one of the largest supermarket players in the US. In a joint statement, the two companies said Ahold would have a 61% stake in the new company, which will have $60.6bn in... Continue Reading →

Apple caves to Taylor Swift and decides to pay artists during its 3-month Apple Music customer trial period

Less than a day after Taylor Swift called Apple's decision not to pay musicians any royalties during its three-month free trial period of Apple Music "shocking, disappointing, and completely unlike this historically progressive and generous company" on Tumblr, the company has changed its position. Apple senior vice president Eddy Cue announced on Twitter that the... Continue Reading →

Applegreen IPO raises €91.7m

The sale of shares in Irish service station operator Applegreen has raised €91.7 million in an initial public offering (IPO).    Shares in Applegreen began trading on Friday in a move which has snared €70 million for the company and €21.7 million for its selling shareholders, The Irish Times reports. Approximately 24.1 million ordinary shares... Continue Reading →

Well confirms Co-op branch closures

A Co-operative Pharmacy branch in Nantwich is the first to be closed as part of Well's five-year strategy. Well said it was investing in its pharmacies near to the branch on Nantwich High Street.  Well’s five-year strategy will involve “occasional closures” of Co-operative pharmacies, the business has said as it announced it would shut a... Continue Reading →

Burberry expands Regent Street store

Burberry has expanded its global flagship store in London’s Regent Street to include an area dedicated to gifting. The new space also accommodates an all-day café that offers an entirely British menu.    The gifting area houses a seasonally updated collection of gifts, together with an assortment of homewares including throws, blankets, cushion covers, candles... Continue Reading →

Target to sell pharmacy business to CVS

Woonsocket, R.I., and Minneapolis — Target plans to sell its pharmacy business to CVS Health for $1.9 billion and rebrand its nearly 1,700 prescription departments as CVS/pharmacy in a blockbuster deal that stunned the healthcare world.    In addition to the pharmacies, CVS Health also will acquire Target’s 80 clinic locations and rebrand them as... Continue Reading →

H&M to open at Sandton City

Swedish clothing brand H&M will be the next international label to open at Sandton City. Hennes & Mauritz (H&M) is known for its fast fashion for men, women, teenagers and children... Founded in 1947 in Västerås, Sweden, H&M is now the second-largest global clothing retailer (behind Spanish company Inditex, parent company of Zara), with more... Continue Reading →

10 amazing projects coming up in Dubai

10 amazing projects coming up in DubaiMajority of these attractions are set for completion before Dubai hosts Expo 2020 Work has already commenced on major tourist and leisure attractions across Dubai with developers continuing to announce new destinations. The latest announcement is of the Dh10-billion Al Mamzar Beachfront project, with a possible unveiling of a... Continue Reading →

Apple announces retailers signed with Apple Pay

At the Worldwide Developers Conference on Monday, Apple confirmed it. From July, Brits will be able to use Apple Pay to buy goods from retailers including Marks & Spencer, Dune, Lidl, Starbucks, Ocado, Pret, Boots, JD Sports, New Look, Liberty, Waitrose, Spar and Costa. Available across 250,000 locations, and supported by over 70% of the... Continue Reading →

H&M are coming to South Africa!

You can finally buy H&M clothes without a plane ticket or a friend bringing them back from London. Despite living at the tip of Africa, we are still able to look internationally fabulous, not just thanks to our wonderful local designers, but also since big brands are being imported and available for our shopping pleasure.... Continue Reading →

Mike Ashley launches new discount chain

Sportswear tycoon Mike Ashley has launched a new discount store in an attempt to gobble up a bigger share of the UK high street. The plan has been coined ‘Son of Woolworths’ and opened just days ago, according to The Mail on Sunday. This is Ashley’s first foray into a market outside the sports and... Continue Reading →

IKEA Plans Major Expansion of Two Moscow Malls

Swedish furniture giant IKEA plans to expand the area of two shopping centers it operates in the Moscow region nearly 30 percent by 2018 thanks to high tenant demand, newspaper Kommersant reported Friday, citing an IKEA executive. "We are already holding talks with the Moscow and Moscow region governors' administrations in order to expand [the... Continue Reading →

Solar-powered Costa Coffee shop is a UK first

The innovative 'zero energy' Costa Coffee shop at the Wrekin Retail Park in Telford A record number of companies are set to make the switch to solar power in 2015 according to a Solihull firm which helped create the country’s first ‘zero energy’ coffee shop.    Independent builders’ merchant EH Smith has supplied solar roof... Continue Reading →

Mr Price to open Australian stores

Mr Price to open Australian stores   THE Mr Price Group is set to open its first physical stores in Australia later this year selling Mr Price clothing and home products, and this time market commentators are more optimistic about a South African retailer succeeding Down Under. CEO Stuart Bird made the announcement on Tuesday with... Continue Reading →

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