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 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 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 →
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 →
Swedish fashion retailer H&M plans to open 240 new stores in the fourth quarter, at the rate of three stores a day. H&M Among the earliest will be a new store in New Delhi, India, to be opened next week, and one in Cape Town, South Africa in October.In 2016, the retailer will enter three... Continue Reading →
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 →
Italian luxury lingerie brand LA PERLA has reopened its flagship store in Hong Kong at Russel Street, following extensive renovations. The newly revamped La Perla store features the new interior design concept of the brand and includes all La Perla Collections for women and men. La Perla operates three other stores in Hong Kong, ... Continue Reading →
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 →
SuperGroup, the UK fashion firm behind the Superdry brand, has shrugged off concerns about the Chinese economy by officially launching in the world’s most populous country with a catwalk show. The event at the British embassy in Beijing on Tuesday was attended by the business secretary, Sajid Javid, as well as Chinese government officials. The... Continue Reading →
Givenchy has recently opened its second store in the Thai capital city of Bangkok. The new Givenchy store is located within the Siam Paragon Shopping Center and features both men’s and women’s ready to wear and accessories collections of the brand. The store covers 220 sqm and is situated on the M floor.
Dubai: England and Manchester United legend David Beckham will be in Dubai on September 29 to open the new Adidas store at Mall of the Emirates, it was confirmed on social media on Tuesday. Adidas Middle East are running a competition for one lucky fan and a friend to meet the 40-year-old former midfielder, who... Continue Reading →
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 →
We will out of respect not post for 3 days .... Shaikh Rashid laid to rest in Dubai Wam Last updated on September 19, 2015 at 11.30 am The late Shaikh Rashid bin Mohammed bin Rashid Al Maktoum has been laid to rest at the Umm Hurair cemetery in Al Fahidi area, Bur Dubai, after... Continue Reading →
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 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 →
Home Centre, the home decor retailer, will be adding another four shops in the UAE as part of its Dh1 billion, five-year expansion plan. Home Centre currently has 16 stores across the UAE. The new store openings will be Karama in Dubai opening imminently, Fujairah opening in November, Al Ain which has already partially opened... Continue Reading →
Dubai has won the bid to host the 10th World Retail Congress 2016 in the United Arab Emirates, an announcement that came during the final day of the 9th Congress in Rome, which was attended by Dubai Chamber of Commerce and an industry-led trade mission. This is the first time that the event will be... Continue Reading →
The company was founded in 1991 by Johnnie Boden as a menswear retailer and has added lines for women and children in subsequent years. The company has traditionally been based on online and mail order sales, but a spokesman has now said that there are plans in place to open a number of retail outlets... 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 →
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 →
Truworths International Ltd. started talks to buy Office Retail Group Ltd. in the latest international offensive by a South African retailer. A purchase of the U.K. fashion footwear chain from owner Silverfleet Capital would add to a list of overseas takeovers by South African companies, including this year’s $1.2 billion acquisition of British fashion retailer... Continue Reading →
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 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 →
New York -- Alibaba, the Chinese e-commerce giant, was named “Retailer of the Year” at the World Retail Awards gala dinner in Rome, Italy. Alibaba, which delivered the world’s largest ever IPO in 2014, was voted the winner by a jury made up of some of the leading global retailers. The judges noted that the... Continue Reading →
Majid Al Futtaim announced on Thursday the completion of its redevelopment project for its flagship Mall of the Emirates shopping mall in Dubai. The mall operator said it will reveal a new 36,000 sq m retail extension at the shopping centre on September 28. The extension will pave the way to 40 new shopping, dining... Continue Reading →
‘ ‘Diamond of Dubai’: Burj 2020 tower design unveiled at Cityscape A masterplan has been unveiled for the Burj 2020 District, an upcoming megaproject set to include a skyscraper dubbed ‘the diamond of Dubai’ as well as retail, hospitality and residential spaces. The Dubai Multi Commodities Centre (DMCC) project will include seven towers spanning a... Continue Reading →
John Lewis says it could lay off up to 250 warehouse workers as part of a lacklustre trading update that saw its half-year profits slump. The group, which owns the department store chain as well as upmarket grocer Waitrose, also warned that it was likely to miss full-year profit targets due to increased pension costs.... Continue Reading →
Tesco has sold Homeplus, its South Korean business, for £4.2bn as the troubled supermarket chain seeks to shore up its balance sheet. The proceeds will be used to pay down debt and help revitalise its UK business. Homeplus is being bought by MBK Partners, a South Korean buyout firm set up a decade ago. It... Continue Reading →
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 →
The Co-Operative Group is back on form reporting half year profits of £36m, compared to its losses in 2014. In 2013 the firm was brought to the brink of collapse when it was forced to sell off its farm and pharmacy divisions to cover a £1.5bn hole in its banking arm. CEO Richard Pennycook called... Continue Reading →
There will be granite, oak, plants and glass. The Apple Stores that have become the visible symbol of the company’s ubiquity will be getting a makeover, starting with a “next generation” retail store in Memphis. Apple’s new location at the Shops of Saddle Creek mall in Germantown will see several departures from the company’s traditional... Continue Reading →
GLOBAL doughnut company and coffee retailer Krispy Kreme on Wednesday said its first store in SA will be opened in Rosebank, Johannesburg, at the end of November. In May, the company signed a development agreement with local company Krispy Kreme Doughnuts SA to open 31 Krispy Kreme shops in the country over the next five... Continue Reading →
Store managers and employees are in line for bonuses One of the City’s most influential shareholder groups has issued a warning about planned changes to a multimillion-pound bonus scheme at Sports Direct, the retail chain run by Mike Ashley, the owner of Newcastle United football club. The Investment Management Association (IMA) issued its “red top”... Continue Reading →
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 →
The South African billionaire who has recently snapped up Virgin Active, the gym chain, and New Look, the high-street retailer, is now training his sights on Britain’s struggling supermarket industry, it can be revealed. Christo Wiese, who has an estimated £4.2bn fortune, said there were parallels between the grocery sector in his home country, where... Continue Reading →
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 →
Aldi to launch 65 new stores across Australia in just ONE year in its most aggressive expansion yet ... and experts say it will drive supermarket prices even lower Aldi is looking to roll-out about 65 stores in Australia in the next 12 months It is Aldi's most ambitious undertaking since its arrival Down Under... Continue Reading →
Oliver Bonas in Clapham, south-west London. The retailer employs 500 staff across its 43 shops and warehouse. Campaigners against low pay are claiming a breakthrough victory as Oliver Bonas, the fashion and gift retailer, has become the first high street chain in Britain to promise its staff an independently calculated living wage. Employees aged 18... Continue Reading →
New York: Fast-fashion mainstays Forever 21, H & M and Zara will soon be facing fresh competition from a retailer famous for $3.50 (Dh12) T-shirts, $10 jeans and $5 ballet flats. Primark — which was founded in Ireland and is owned by a British company — plans to make the leap across the pond in... Continue Reading →
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