Claire's Stores blamed currency exchange rates and store cloures for its decrease in revenue in the fourth quarter. The specialty retailer said that for the period ended Jan. 30, net sales were $402.6 million, a decrease of $9.8 million, or 2.4% compared to the fiscal 2014 fourth quarter. The company said the decrease was attributable... Continue Reading →
Parisian department store Galeries Lafayette has announced that it will be working with British architecture studio AL_A to transform the ‘Cupola’ building of its flagship located on Boulevard Haussmann in Paris. The redevelopment is part of the company’s strategy to build the ‘department store of the 21st century,’ with the aim of offering consumers a... Continue Reading →
Apple officially opened one of its first Jony Ive-inspired "next-generation" retail stores in the U.S. over the weekend. The new-look store is located at the Shops of Saddle Creek South in Germantown, a suburb of Memphis, Tennessee, and shows off some of the new design elements, as shown in photos provided to AppleInsider. Memphis Apple... Continue Reading →
Britain's biggest retailers have torn into Government proposals to extend Sunday trading hours, warning David Cameron that they would damage an already-embattled industry as MPs prepare to vote on the issue. Sky News has learnt that the Prime Minister was "visibly taken aback" by the strength of feeling among high street chiefs who attended a... Continue Reading →
Al Futtaim Group, the Ikea operator in the region, plans to open another store in Dubai in the next two years. An Ikea official said that despite the challenging economic climate in the UAE, sales at the Swedish retailer had not been hit despite footfall at its stores in the emirates slowing between by 1... Continue Reading →
Cape Town-based Foschini, With 2,000 stores in South Africa, is the latest South African company looking to the U.K. to diversify revenue sources as the rand weakens to around 23 percent against the dollar, the Telegraph reported. An independent chain store, Foschini has 17 retail brands that it sells — mainly under its own private... Continue Reading →
The firm, which has 45 stores in Australia, is close to signing a deal on a store in Covent Garden and is looking at another to open by July this year. It is also looking to open stores in Tokyo, Hong Kong, Paris and Rome within the next 12 months, and enter the US at... Continue Reading →
Keith Hellawell has vowed to continue as chairman of Sports Direct in a snub to shareholders and campaigners calling for his head after the retailer’s relegation from the FTSE 100. In an interview with the Guardian, the former chief constable suggested the retailer’s difficulties with the City were largely cosmetic, despite concerns over the group’s... Continue Reading →
In the coming months, hundreds of Morrisons products will be available to Amazon Prime Now and Amazon Pantry customers. Morrisons will provide a wholesale supply service to Amazon, allowing Amazon’s customers access to a wide range of Morrisons ambient, fresh and frozen products. Morrisons said it is focussed on its six priorities to make the... Continue Reading →
A trip to Milan and Verona in 1983 inspired Starbucks CEO Howard Schultz. Then the Marketing Director of Starbucks, which sold whole-bean coffee from a handful of stores in Seattle, became a global empire of coffee chains of which Italian espresso bar traditions are intrinsic. "The Italian had created the theatre, romance, art and magic... Continue Reading →
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