Ralph Lauren is stepping down as CEO of his company

Ralph Lauren has stepped down from his position as CEO of his own company, The New York Times reports. Lauren will not be entirely absent from his namesake company, though, since he has no plans of leaving. "When they start designing things I can’t understand, I'll quit," Lauren said to The Times. "But I don't... Continue Reading →

LloydsPharmacy eyes NHS hospital chemists

LloydsPharmacy is in talks with NHS bosses to take over a string of NHS hospital pharmacies, according to the Telegraph. The update follows Lloyds acquiring 281 pharmacies from supermarket Sainsbury's for £125 million in July this year. In February this year, moreover, Lloyds and The Pennine Acute NHS Trust partnered up to trial a new... Continue Reading →

Aldi to launch online sales in UK

Aldi has said it will start selling goods online in the UK next year, as it announced record annual sales in 2014. The discount supermarket chain will start its online service by selling wine by the case, and then add non-food offers in the spring. Aldi's sales rose 31% to £6.9bn in the 12 months... Continue Reading →

Mall of the Emirates expansion unveiled

The expansion of Mall of the Emirates has revealed an entirely new floor as part of Majid Al Futtaim’s Dhs1 billion investment. The scheme has added 36,000sqm of retail, dining and entertainment at the mall in Dubai. Two new domes, three glass barrel roof lights, nine new bridges and three escalators have been added to... Continue Reading →

Apple has debuted its newest Apple Retail Store

Tech giant Apple shifts austere aesthetic with launch of the Jony Ive-headed Belgian Apple Retail StoreApple has debuted its newest Apple Retail Store, the first store opening under creative direction of CCO, Jony Ive. The Brussels-based store opened over the weekend and indicates a subtly warmer, more approachable version of the current design and layout.... Continue Reading →

South Africa’s most reputable companies in 2015

Retail giant Woolworths has emerged as the company with the best reputation among South Africa’s largest companies in 2015. According to the 2015 RepTrak Pulse reputation survey conducted by Reputation House, a representative of the internationally based Reputation Institute, Woolworths’ scored 71.2 points out of a possible 100. The retailer retained its position from 2014,... Continue Reading →

Old Navy opens it first store in UAE

Gap Inc’s largest brand to open in Dubai in November Dubai: American apparel brand Old Navy said on Sunday it is opening its first store in the UAE in November this year, at the Dubai Festival City. This is the fifth franchise market expansion for Old Navy. In March 2014, it opened its first franchise-operated... Continue Reading →

CEO and CFO leave Clarks abruptly

Clarks has lost its Chief Exec and Chief Financial Officer who left the British footwear company with “immediate effect”. No official reason has been given for their departure.  Melissa Potter and Robin Beacham stepped down from the company, which trades from 1,000 stores worldwide and operates in a “highly demanding commercial and economic environment, with... Continue Reading →

Zara is crushing it

Zara store on the Champs-ÉlyséesInditexZara's store on the Champs-Élysées. Inditex, the Spanish fashion giant behind chains such as Zara and Massimo Dutti, is on a roll. The company, which recently hit a $100 billion (£65 billion) valuation, just beat forecasts with a solid set of half-year results on Wednesday, announcing: a 17% rise in sales... Continue Reading →

UAE retail chain LuLu expands into Indonesia, plans 15 outlets Home / Abu Dhabi / Asia-pacific / Industry / Retail The group plans to invest $300m in the first phase of expansion By Aarti Nagraj 16 hours ago Abu Dhabi-based retailer LuLu Group has announced plans to expand across Indonesia and will open its first... Continue Reading →

Kingfisher to open 200 Screwfix stores

Kingisher’s half year trading update has left investors with mixed emotions. The home retail giant, which owns DIY chains B&Q and Screwfix among others, revealed a 1.8% fall in first half profits, after a disappointing performance for outdoor seasonal goods in the peak summer season. But recently appointed CEO Veronique Laury said she was “pleased”... Continue Reading →

Lloyds Pharmacy lines up Sam McAuley takeover

According to the Sunday Times, the US-owned Lloyds Pharmacy group is lining up a €40-€50 million takeover of Sam McAuley Chemists. It is one of the largest independently owned pharmacy groups in the country. The McAuley deal would copperfasten Lloyds’ position as the country’s largest pharmacy chain. The Sunday Times also reports that three directors... Continue Reading →

Ikea sales rise to €32bn

Ikea stitched up sales of €32bn last year, with 771m customer visits worldwide. The Billy bookcase, Poäng chair and Bumerang coathanger continue to spread relentlessly around the world, as Ikea unveiled another year of rising sales. The Swedish company said it had rung up sales of €32bn (£23bn) in the year to the end of... Continue Reading →

Tesco frustrates customers in more ways than one

Tesco just can’t catch a break, having irritated clubcard members and parents. In the first instance, customers have voiced their outrage after it emerged that Britain’s biggest retailer is slashing its clubcard point rewards. From December 1st onwards, Tesco will offer its credit card customers just one point for every £8 spent outside of stores,... Continue Reading →

Mr Price declines on ‘poor fashion calls’

Johannesburg - Mr Price Group shares fell the most in almost three years after the clothing and household-goods retailer said low levels of consumer confidence, “some poor fashion calls”, and a relatively late winter curbed sales.  The stock dropped as much as 10%, the biggest intraday decline since September 2012, and traded 8.7% lower at... Continue Reading →

What will Natalie Massenet do next?

The Net-a-Porter group has confirmed the departure of founder Natalie Massenet as Executive Chairman. Massenet would have been chairman of the combined company after a planned merger with Italian rival Yoox, but has stepped down from the luxury e-tailer 15 years after she launched the business. She will not be on the board of Yoox... Continue Reading →

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