Black Friday: Amazon reports record UK sales

Shoppers were out in force on London's Oxford Street as usual, with some stores hiring extra security Online retailer Amazon says it had its biggest sales day in the UK as shoppers rushed to buy bargains on Black Friday. The UK version of the website sold more than 7.4m items while other retailers had problems... Continue Reading →

Beyonce clothing range to launch next spring in Arcadia venture

Sir Philip Green's retail empire confirmed its long-awaited new clothing range with singer Beyonce will launch next spring. Arcadia announced late last year it was teaming up with the g lobal superstar for a 50/50 joint venture, called Parkwood Topshop Athletic - a new fitness and streetwear brand. News of the launch date came as... Continue Reading →

Joules marks its 100th store

Lifestyle brand Joules has marked the opening of its landmark 100th store in Dublin.  The brand’s 100th store is located on Wicklow Street, in the heart of Dublin. It is Joules’ first city centre store in the Republic of Ireland and will showcase menswear, womenswear and childrenswear across two floors.   This is a milestone... Continue Reading →

Sainsbury’s first half profits down 17.9%

Sainsbury's saw its underlying pre-tax profit decline by 17.9% to £308 million in the first half of its financial year. Underlying group sales fell by 2% to £13.6 billion while retail sales edged down 0.1% excluding fuel. Meanwhile, like-for-like sales declined by 1.6%. Sainsbury’s said the grocery market remains challenging and that sales at its... Continue Reading →

Cartier CEO to step down

Cartier CEO to step down  He will be succeeded as CEO by Cyrille Vigneron, currently the president of LVMH Japan.  De Quercize's resignation is with immediate effect. Richemont said however that he would remain a group executive, taking over the role of chairman of Richemont France.  LVMH and Richemont had agreed that Vigneron would formally... Continue Reading →

Aeropostale to launch in Thailand and Egypt

Aeropostale Inc. ARO, +16.66% the mall-based apparel retailer, said it signed two licensing agreements that will launch new stores in Thailand and Egypt. The deal with Robinson Department Store Public Company will open about 40 standalone and store-within-a-store locations in Thailand over the next five years. The first store will open in the Robinson Department... Continue Reading →

Egypt’s richest man snaps up 6% stake in Adidas

Egyptian billionaire Nassef Sawiris has raised his stake in Adidas to 6 percent, making him the biggest shareholder in the German sportswear retailer. A statement from the Stuttgart bourse said one of Sawiris’ investment vehicles, NNS Holding, now owns 4.3 percent in Adidas, while Sawiris himself holds a direct 1.7 percent stake, according to reports... Continue Reading →

Primark full-year sales up 13%

Primark owner Associated British Foods has reported that sales at the fashion chain were 13% ahead of last year at constant currency mainly driven by an increase in retail selling space of 9%. In the 52 weeks to 12 September, like-for-like sales were 1% ahead year-on-year reflecting a strong performance across a number of countries.... Continue Reading →

Selfridges buys Dublin department store Arnotts

Dublin department store Arnotts has been acquired by the Selfridges Group, the high-end UK retailer owned by successful Canadian businessman Galen Weston and his Irish wife Hilary. Ireland’s largest department store was purchased by Selfridges earlier today for an undisclosed sum from Fitzwilliam Finance Partners, a corporate vehicle set up by Irish lawyer and developer... Continue Reading →

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