Happy new year to all our readers and followers
What did Britain buy in 2015?
Britain has a £6bn a week shopping habit. With insight from eBay, which has acted as a barometer of British shopping trends in 2015, and Mary Portas, who presented ‘What Britain Bought in 2015’ on Channel 4 last night, here’s a look at what Brits are doing with all that money. •After it was proven... Continue Reading →
UAE retail market to expand in 2016, but at a slower rate
Market is expected to be valued at $53.7b in 2016 Dubai: Tomorrow will be 2016, but don’t expect the new year to bring big changes to the retail market in the UAE. Retailers can expect another year of softer retail sales, mainly due to macroeconomic factors, analysts say. The UAE retail market is expected to... Continue Reading →
Selfridges celebrates new sales record
Selfridges experienced the most profitable hour in its history as shoppers turned out in their thousands for post-Christmas deals. Crowds appeared outside Selfridges stores across Britain, in some cases as early as 1am, to take advantage of Boxing Day sales. The dense crowds were a welcome reappearance as recent sales events have seen high street... Continue Reading →
Merry Christmas and Happy New Year
Wishing all our readers and followers a Merry Christmas and Happy New Year
Lee clothing now sold in vending machines
Focus on Chinese tourists on the cards The Lee jeans brand is exploring new opportunities from foreign tourists and vending machines. Putthichai Chaiyaweach, senior brand manager for Lee jeans at Central Marketing Group, said CMG had begun selling Lee T-shirts from a vending machine, a first for Thailand. CMG has four Lee vending machines --... Continue Reading →
Abercrombie & Fitch ..first A&F branded store in the UAE
Abercrombie & Fitch continues Middle East expansion with first A&F branded store in the UAE Abercrombie & Fitch continues Middle East expansion with first A&F branded store in the UAENew store houses the brand's first stand-alone fragrance boutique and first Abercrombie kids location in the Middle East Dubai, UAE--Abercrombie & Fitch Co. (NYSE: ANF) today... Continue Reading →
The 5 Best Retail Stories Of 2015
From dancing sharks at the Super Bowl and the end of the Mad Men era to the rise of Amy Schumer and Star Wars pandemonium, this year was filled with plenty of entertaining and inspiring moments. It wasn’t just celebs and pop culture that caught the eye of marketers, though. In the world of retail,... Continue Reading →
Levi Strauss & Co. Announces New Global Retail Leader
SAN FRANCISCO--(BUSINESS WIRE)--Levi Strauss & Co. (LS&Co.) announced today that Carrie Ask, a seasoned retail industry leader, will join the company as executive vice president and president of global retail, effective February 16, 2016. In this role, Ms. Ask will be responsible for leading all aspects of LS&Co.’s global retail business, including 2,700 owned and... Continue Reading →
London retail space to increase by almost eight million square feet in next five years
The amount of retail space under construction in London in the next five years will increase by the combined size of Bond Street, Oxford Street and Regent Street according to a new report. Figures from CBRE’s latest In Retail report reveal that planning permission has been granted for a total of almost eight million square... Continue Reading →
Gap to open 10 new stores in China
San Francisco-based clothing and accessories retailer Gap Inc plans to open 10 new stores in China in the next two months according to Shanghai Daily. After entering the country only in 2010, China has emerged as the most significant growth market for the group. The company will aim for keeping the same pace of growth... Continue Reading →
Dubai set to launch first Harper’s Bazaar Cafe in Q1 2016
Dubai Design District, also known as d3, has announced an agreement with Marka Hospitality to launch the first Harper's Bazaar Café in the first quarter of 2016. The signing of the deal with the food and beverage division of retail firm Marka signifies the start of many new retail and hospitality agreements for d3, as... Continue Reading →
Kurt Geiger sold to Cinven
Private equity firm Cinven has bought Kurt Geiger as part of its Christmas shopping, for an undisclosed sum. Cinven picked up the footwear and accessories retailer from Sycamore partners. The Kurt Geiger package includes a portfolio of brands (such as Kurt Geiger London, KG, Miss KG and Carvela), 80 standalone global stores, partnerships with international... Continue Reading →
Zara owner Inditex announces 20% profit hike
Zara and Massimo Dutti owner Inditex has reported a 20% rise in net profit for the first nine months of its financial year. Some 28 of its 88 international markets now have dedicated online platforms. Fashion retail group Inditex has reported that net sales increased 16% year on year to €14.74 billion, over the first... Continue Reading →
John Lewis invests half a billion pounds online
John Lewis is investing £500million in its online shopping service as it aims for internet sales to overtake those in shops within just four years. The department store chain has embarked on an investment programme to be completed by the end of 2018 which will add hundreds of recruits to its IT department as online... Continue Reading →
Victoria’s Secret opens in Montreal second largest global store
The newVictoria’s Secret Montreal store spans a total of 33,162 square feet and of that, 21,346 square feet is dedicated to sales floor space. In comparison, the Vancouver Robson Street flagship, which opened in August of 2013 and was previously Canada’s largest, features a sales floor of 16,696 square feet. The Montreal store features three... Continue Reading →
Burberry to wrap up Piccadilly Circus with 3D scarf campaign
Burberry is taking over the world famous Piccadilly Circus curved screen with an interactive campaign that usesthe same technology featured in the 3D film Kung Fu Panda. The British fashion business has partnered with DreamWorks Animation to create an advert that uses the movie studio’s NOVA technology to allow passersby to design their own personalised... Continue Reading →
Harrods opens temporary outlet in Doha
London luxury department store Harrods has opened a temporary store in Doha for the Christmas period. The iconic store, which is owned by Qatar Investment Authority (QIA), opened a 6,500 square metre branch at Katara Cultural Village at the weekend. For the first week, the store is only open to VIP visitors, after which the... Continue Reading →
Chanel Pays Record Price for Retail Space
French luxury retailer Chanel SA is paying a record price for retail space in Los Angeles as prime shopping locations in the nation’s major urban areas command rising premiums. Chanel is purchasing the 11,500-square-foot building at 400 North Rodeo Drive in Beverly Hills for $152 million, or more than $13,000 a square foot, according to... Continue Reading →
Costa launches food-led concept store
Coffee shop chain Costa has opened a new food-led concept store on London's Tottenham Court Road called Costa Fresco. The specially designed store environment, by Caulder Moore, features designated zones for relaxing and a new way of presenting freshly baked food. 'We wanted our design to bring a natural, almost homely quality so that Costa... Continue Reading →
The best companies to work for in the UK in 2016: Oxfam and Schuh beat eighth-place Google Oxfam and footwear retailer Schuh have beaten Google in a employee ranking of the best companies to work for in the UK. The league table, compiled by Glassdoor for its eighth annual Employee's Choice awards, was topped by... Continue Reading →
The White Company profits soar 97 percent this fiscal
REPORTRetailer of furniture, clothing and homeware - The White Company said that its profits almost doubled for the full year ended March 28, 2015. Operating profits rose to 12.8 million pounds (19.2 million dollars) from 6.5 million pounds (9.7 million dollars) in the same period last year, representing an increase of 97 percent. “I am... Continue Reading →
Sun & Sand to add 20 stores in UAE
The sports apparel retailer Sun & Sand will next year add a further 20 stores in the UAE as it expands across the region. The retailer, which runs more than 100 stores in the Emirates, also operates outlets for sub-brands such as Nike and Timberland. Gulf Marketing Group (GMG), the parent of Sun & Sand... Continue Reading →
Cyber Weekend generated around £3.3bn
It was a record breaking shopping weekend for retailers, with Cyber Monday rounding of four days of expenditure that totalled an estimated £3.3bn. Online sales on Black Friday were up 36% on last year, reaching £1.1bn, according to data from Experian and IMRG. This is the first time that a day of online sales in... Continue Reading →
LVMH’s Fresh opens new London flagship
LVMH-owned skincare brand Fresh has opened a 70 sq m flagship store on Monmouth Street in London's West End. The opening marks the latest in a line of top brands to take space on the street in the last 12 months, including Larsson & Jennings, Loft Design By…, Pierre Herme and most recently, Club Monaco.... Continue Reading →
Prada opens enlarged and renovated store in Manila
Prada celebrates the reopening of its recently expanded and renovated store inside the prestigious Greenbelt Ayala Center department store in Manila, Philippines. The space, designed by architect Roberto Baciocchi, covers a total area of approximately 200 square metres on a single level and houses the women’s and men’s leather goods, accessories and footwear collections. The... Continue Reading →
UK shoppers set to spend more than £3bn by Cyber Monday
UK shoppers set to spend more than £3bn by Cyber British shoppers are expected to have spent more than £3bn by the time Cyber Monday ends, after the American phenomenon of Black Friday led to an online sales surge. The retail giant Amazon reported its biggest sales day ever in the UK, with more than... Continue Reading →
John Lewis sees record sales for a single day on Black Friday
John Lewis enjoyed its biggest ever single day's trade on Black Friday with sales up 11.9% on last year. The retailer said there was a different pattern of trade across the whole Black Friday weekend compared to 2014. On Black Friday itself, sales were mainly driven by johnlewis.com, while shops were busy at the weekend... Continue Reading →
Burger king will sell alcohol in UK
Burger King turns out to be first fast food chain to sell liquor in the UK. The organization has won a beverages permit for its branch in Bury St Edmunds. The firm consented to serve only one beer per adult and will not allow the beer to be taken outside the shop premises. Also the... Continue Reading →
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