LONDON (Reuters) - Vodafone UK said on Saturday hackers had accessed the accounts of 1,827 of its customers this week, the second cyber attack on a British telecoms company this month. The attackers had potentially gained access to the victims' bank sort codes and the last four numbers of their bank accounts, along with their... Continue Reading →
The anticipated sale of renowned London toy store Hamleys has finally been confirmed. Chinese footwear seller C.Banner International agreed to a price of £100m to purchase the store from Ludendo, the French toy store operator that has owned Hamleys since 2012. For C.Banner, the acquisition marks the first major branch out from its home market,... Continue Reading →
Tesco signs deal with Arcadia that will see some of its biggest brands sold in supermarket Tesco has agreed a deal with Arcadia that will see the clothing giant sell some of its biggest brands in supermarkets. Arcadia, run by billionaire Sir Philip Green, will open versions of its Dorothy Perkins, Burtons and Evans outlets... Continue Reading →
London-based retailer suspends website but denies it's been hacked Customers claim they can see order histories and addresses of others Happened when they logged on to register new 'Sparks' reward cards By Mark Duell and Amanda Williams for MailOnline Published: 21:18, 27 October 2015 | Updated: 11:20, 28 October 2015 Marks & Spencer customers were... Continue Reading →
Customers and fans of the half-eaten fruit will get a full Apple experience when the company's first stores open in the UAE this Thursday, October 29, according to a senior vice president of retail and online stores at Apple, Angela Ahrendts, reported an article in gulfnews.com. "The retail stores are simply to give customers another... Continue Reading →
Thousands of Morrisons' employees are to sue the supermarket giant in what is believed to be Britain’s biggest ever claim in relation to a breach of data security. It follows the posting on the internet of the bank, salary and National Insurance details of almost 100,000 members of staff by a former colleague with a... Continue Reading →
Six years after stepping into the retail market with smaller mall outlets, Microsoft is literally taking the wraps off its flagship store on Manhattan’s Fifth Avenue on Monday, the same day as the general release of its Surface Pro 4 and Surface Book devices. The new flagship, along with a Sydney store due to open... Continue Reading →
Debenhams 1_tcm87-18098In what could proclaim a noteworthy shake up to the Australian retail area, influential UK retail establishment brand Debenhams is set to enter the Australian retail segment in 2016. Worldwide clothing and homewares retailer Pepkor, which possesses Australian retail chain Harris Scarfe, is slated to convey Debenhams to Australia on account of an arrangement... Continue Reading →
©Bloomberg Walgreens Boots Alliance, the US’s second-largest pharmacy chain by sales, has agreed to buy smaller rival Rite Aid for $17.2bn including debt, in the latest move by billionaire chief executive Stefano Pessina to build a global drugstore group. Walgreens will pay $9 in cash for each Rite Aid share, representing a 48 per cent... Continue Reading →
Debenhams CEO Michael Sharp has announced that he will be stepping down from the business in 2016. This news comes following speculation that city stockbroker Cenkos Securities was attempting to rally boardroom support against Sharp, who investors claim has failed in his recovery efforts for the department store chain. The stockbroker managed to gather support... Continue Reading →
MENAFA award recognises Alshaya’s leadership in bringing international retail brands to the region United Arab Emirates, 22 October 2015: International retail franchise operator M.H. Alshaya Co. has been named Best Multi-Brand Franchise Operator in the Middle East and North Africa by the Middle East and North Africa Franchise Association (MENAFA). Alshaya received the award this... Continue Reading →
Hamleys, the 255-year-old toy retailer, is on the verge of being bought by a Chinese footwear company. C.banner International Holdings is expected to confirm a deal on Thursday to buy the business for about £100m. The company released a statement on the Hong Kong Stock Exchange saying it had requested the suspension of its shares... Continue Reading →
Brooks Brothers Group has teamed up with Walton Brown Group, a subsidiary of The Lane Crawford Joyce Group, in a joint venture that will drive Brooks Brothers' market expansion in Greater China The 50/50 joint venture, which has an initial term of 10 years commencing January 2016, will take over the management of Brooks Brothers'... Continue Reading →
Johannesburg - Swedish fashion retailer Hennes & Mauritz (H&M), Europe’s second-biggest clothing retailer, is hoping to give South African shoppers that good old quintessential shopping experience that puts everything around the customer. After launching its first local shop at the V&A Waterfront in Cape Town on Friday, H&M now has its sights set on opening... Continue Reading →
Amazon is taking legal action against more than 1,000 people it claims provide fake reviews on its website. The online retail giant said in the lawsuit, filed in the US on Friday, that its brand reputation is being tarnished by "false, misleading and inauthentic" reviews. Amazon claims the 1,114 defendants, termed "John Does" as the... Continue Reading →
Dubai-based master developer Nakheel has awarded construction contracts worth nearly Dh2.3 billion ($626 millon) for three major projects in its growing retail portfolio. The company has confirmed the builders of Deira Islands Night Souk, Warsan Souk and The Circle Mall, which, combined, offer nearly 2.3 million sq ft of retail space and over 6,700 shopping,... Continue Reading →
Retailers hit by difficulty of delivering spike in goods sold online M&S executive says he does not believe Black Friday added to total sales Internet sales soared 92% on Black Friday and shop footfall was up 10% But in following tend days, shoppers on the High Street were down 3% Retailers are set for... Continue Reading →
Taste Holdings has revealed its long-term costs and strategy with launching Starbucks in South Africa – including when the first store will open, and how many of them there will be. Taste announced in July 2015 that it had secured the rights to open full-format Starbucks stores in South Africa. It is the brand’s debut... Continue Reading →
The company has unveiled a barricade around the outside of the two stores, which is covered in Arabic calligraphy. The company has unveiled a barricade around the outside of the two stores, which is covered in Arabic calligraphy. Apple has confirmed longstanding market rumours by announcing that it will open two stores in the UAE... Continue Reading →
Italian affordable luxury brand Furla opened a new store on New York’s Fifth Avenue, at 51st Street. The new Furla store features the complete range of products of the brand. The new store carries a limited edition ‘Fifth Avenue’ of handbags and small leather accessories. The new opening marks the beginning of an extended expansion... Continue Reading →
Tesco has agreed to the sale of 14 Spenhill development sites that it no longer wants or needs, as part of a £250m deal – the latest phase of Tesco’s attempt to protect its balance sheet. Meyer Bergman acquired the sites, which are located across London, the South East and Bath. “Since announcing our decision... Continue Reading →
Viacom's Nickelodeon and Viacom Consumer Products (NVCP) unit is continuing the global rollout of Nickelodeon stores, announcing Tuesday that it would open a Dubai store in 2016. The store will be based in one of the world’s largest shopping malls, Dubai Mall, which forms part of a $20 billion downtown complex with more than 1,200... Continue Reading →
Radley, the premium handbag and accessories brand, has appointed Alan Stone-Wigg to the new position of chief operating officer. Due to join Radley in January, Stone-Wigg will lead the brand’s retail, e-commerce, wholesale and international divisions. He will report directly to Justin Stead who joined Radley as chief executive in May this year. Stone-Wigg was... Continue Reading →
Tesco said it was hoping to remove "the hassle and inconvenience of price match vouchers" (Source: Getty) Tesco has launched a new "immediate" price match service, promising to give money back to customers if they could have bought branded goods cheaper elsewhere. Tesco's Brand Guarantee will enable customers to receive money off their bill at... Continue Reading →
Burberry makes key leadership team appointmentBurberry has announced two new appointments within its leadership team. In November Leanne Wood will take on the newly created role of chief people and corporate affairs officer. Reporting to Burberry chief creative and chief executive officer Christopher Bailey, she will be responsible for Burberry’s corporate affairs and human resources... Continue Reading →
Marks & Spencer is curbing its ambitions for international expansion in the wake of recent events in Eastern Europe and China. The British retailer has announced plans to pull out of Croatia, Bulgaria, Montenegro, Serbia and Slovenia, beginning in January, largely as a result of heightened tensions between Russia and the West. Expansion elsewhere in... Continue Reading →
I was furious when separate visits in the same car on the same day to an Aldi store on Nantwich Road near Crewe, in Cheshire, led to a parking charge notice from ParkingEye for £70. The maximum stay there is one-and-a-half hours. My wife arrived first at 10.39am and left at around 11.30am (after spending... Continue Reading →
Facebook’s UK operations paid only £4,327 in taxes last year, less than the average worker. The small bill was despite the company being able to pay its 362 UK-based employees an average of £210,000 in pay and bonuses. It gave its London staff Facebook shares worth £35.4 million, according to the report, pushing its losses... Continue Reading →
Fast fashion retailer H&M is to open its first Home concession store next week. The new store-in-store will launch exclusively in Selfridges in the Trafford Centre on Thursday 15 October, creating 10 new jobs and taking up a sales area of over 650sq ft. Stock will be carefully selected H&M Home products, including premium bed... Continue Reading →
Move over H&M, Old Navy and Forever 21 — another retailer has entered the budget-friendly, fast-fashion marketplace. Irish retailer Primark, a division of Associated British Foods PLC, has dropped anchor in the United States, opening a 77,000-sq.-ft. store in Boston’s Downtown Crossing. And more are in the works: Primark plans to open a total of... Continue Reading →
Coach has recently inaugurated its first store in Paris on the prestigious Rue Saint Honore at number 372-374. The new Coach which store covers 600 sqm on two floors features an updated retail design concept which is likely to be implemented across future store openings. With the occasion of the opening, Nigel Darwin, president of... Continue Reading →
Alshaya to bring over 30 global lifestyle and hospitality brands to Mall of Qatar to occupy around 18,000 sq. m DOHA, Qatar, October 4, 2015 /PRNewswire/ Qatar's largest leisure, entertainment and shopping complex, Mall of Qatar has signed a leasing agreement with M.H. Alshaya Co., one of the world's leading retail franchise operators to open... Continue Reading →
American Apparel has filed for bankruptcy protection to wipe out most of its debts and provide more breathing space for its restructuring. American Apparel said 95pc of its secured lenders have given their blessing to the restructuring, which will see $200m-worth of bond liabilities wiped out while also bringing in $70m of fresh funding from... Continue Reading →
Hunter Boot’s sales were up 17% year-on-year in 2014 to £95.7m, boosted by the success of new product categories such as the Hunter Original Slide and significant spending on multiple divisions of the business. During a period of strong investment, the British footwear retailer bet on a new multi-language, multi-currency e-commerce platform, key hires, IT... Continue Reading →
B &Q has announced the closure of a further three stores in Northern Ireland after revealing its plans to close branches at Londonderry and Belfast. The home improvement retailer said that around 300 jobs would be affected. Kingfisher, B&Q’s parent company, is currently restructuring its presence in Britain, with plans to close 60 stores... Continue Reading →
Apple on Tuesday posted 14 fresh jobs on its official website for retail operations in the UAE. The first Apple Store in the Middle East at Dubai's Mall of the Emirates has been delayed for a month or two, sources told Khaleej Times. The flagship store was supposed to open on September 28 along with... Continue Reading →
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