Supré, an Australian fast fashion chain aimed at the youth market, and owned by the Cotton On Group, has announced that the opening of three stores in South Africa by November, including Cavendish Square, Centurion Mall and Menlyn Park. This forms part of the brand’s global expansion plans to open 15 new locations across two... Continue Reading →
US fast-fashion retailer Forever 21 will open its second store in Hong Kong this year, capitalising on the shift in consumer demand from luxury to non-luxury products. “Due to the demand of our consumers, we have continued our expansion throughout Hong Kong and mainland China. Hong Kong also has a vibrant history of international business... Continue Reading →
The announcement of Winther’s appointment follows the news broken by Retail Jeweller in July of this year that Peter Andersen, president of Pandora UK, is set to depart the business. Andersen’s departure date has now been confirmed for October 31 of this year while Winther’s start date will be January 1, 2017. In the interim... Continue Reading →
House of Fraser profits dived nearly 50% in the first half of the year as the department store said it faced a “very challenging retail environment” in the light of unseasonable weather and Brexit uncertainty. Underlying profits fell 46% from £9.2m 12 months ago to £5m in the six months to the end of July... Continue Reading →
The Serious Fraud Office has stepped up its inquiries into the collapse of BHS and the conduct of the department store chain’s former owner Dominic Chappell. The Guardian understands that the SFO has contacted individuals involved in running BHS before it fell into administration in April, and the administrators themselves, and asked for a series... Continue Reading →
Tod’s has recently opened a new store in Almaty, Kazakhstan. Located on the second floor of the Esentai Mall, the new Tod’s store features the complete range of collections for women, men and children.
Australian stationery retailer Typo is set to open its first UK shop in London in December, according to reports. According to Retail Week, the retailer – which also sells travel accessories, crafts, lighting, cushions, gadgets and gift cards – will occupy a 2000 sq ft store in Westfield Stratford City. It is also reported that... Continue Reading →
BHS relaunches in the UK as online retailer BHS went into administration in April last year after failing to get customers into its stores. Now, after successfully securing a buyer for its online properties, the department store is set to reopen next week as an online retailer. As part of the relaunch, BHS has scrapped... Continue Reading →
Apple today officially opened its first retail store in Mexico. The store is located in Vía Santa Fe and marks the “first time customers in Mexico City can experience all of Apple’s products and services in one place.” Apple shared images from the grand opening experience this evening in a news release… Apple noted in... Continue Reading →
Starbucks opens its third South African store in Menlyn Maine in the city of Tshwane Starbucks opens its third South African store in Menlyn Maine in the city of Tshwane Johannesburg, South Africa, 2016-Sep-22 — /EPR Retail News/ — In partnership with Taste Holdings, Starbucks has opened its third South African store in Menlyn Maine... Continue Reading →
Premier League football giant Liverpool is set to open an official shop in Abu Dhabi store, with a free in-store event to be hosted by club ambassador and former striker Robbie Fowler. The event will take place on Thursday September 29 and fans will be able to take part in a Q&A, meet and greet... Continue Reading →
Smoothie King, which made its foray into the Middle East recently with its first outlet in Dubai, UAE, plans to open 45 stores in the region in the next five years. The new outlet is located on the ground floor of BurJuman, one of the oldest shopping malls in the UAE. The outlet has been... Continue Reading →
The owner of Zara has released its half year results after reporting a sales increase of 11 per cent. Inditex, which owns the high street fashion retailer posted sales of £8.9 billion during the period. This is a rise of eight per cent in net profits of £1 billion. Now the world’s biggest clothing retail... Continue Reading →
The R1 billion Thavhani Mall in Thohoyandou, Limpopo will open its doors next year.The R1 billion Thavhani Mall in Thohoyandou, Limpopo will open its doors next year. The rapidly growing Thohoyandou town in Limpopo province is set for a major boost when the R1 billion Thavhani Mall opens its doors on 24 August next year.... Continue Reading →
Australian retailers would have another big competitor in 2017 with the opening of a Debenhams in Melbourne. The UK retailer would open a smaller format department store in Australia at St Collins Lane, a new luxury shopping mall. The British retail empire with 243 stores in 28 nations would offer in Australia its exclusive selection... Continue Reading →
Sales rose 5.9% to £1bn over the year to November 30, 2015, however the fast-fashion giant’s net margin fell from 4.7% to 3.6%. Gross margin dipped from 50.6% to 48.4%. Duarte said: “The directors believe the business performed well considering the challenging retail environment in 2015.” The UK is H&M’s third-largest market and represents 7.6%... Continue Reading →
Meydan Group has revealed more details about its plans to build the Meydan One Mall in Dubai, which will feature the largest dancing water fountain in the world, measuring 400m in width and 100m in height. The centre point of the much anticipated Meydan One mega development, launched in August 2015 by Sheikh Mohammed bin... Continue Reading →
As part of its five-year £500m investment plan, John Lewis confirmed that the new centres at Magna Park has created 500 new jobs, as the retailer aims to meet its growing online sales and delivery demands. Following the expansion, John Lewis now claims to have one of the largest distribution centres in Europe, with Magna... Continue Reading →
Since landing a gig as Puma’s creative director in 2014, Rihanna has taken the sportswear giant to a whole other level. Not only has Puma received a boost in media coverage, but its sales have also skyrocketed within the last year and half, thanks in large part to RiRi’s campaigns as well as her insanely... Continue Reading →
A new agreement between Landmark Group and the Reem Mall will bring concepts from the region’s leading retail and hospitality conglomerate to the shopping center. Reem Mall is recognized as one of the supreme destinations on Reem Island for shopping and socializing. “Reem Mall is set to transform the retail landscape in Abu Dhabi, and... Continue Reading →
Marks & Spencer (M&S) will axe 500 jobs at its head office next week as its new chief executive attempts to halt a protracted slump in sales which has left the company facing renewed questions about its strategy. Sky News has learnt that M&S is to cull roughly 15% of the roles at its headquarters... Continue Reading →
A group gathers outside Marks and Spencer's flagship store in Oxford Street, London, to hand in a petition calling on the high street giant to scrap proposed pay cuts to offset the cost of the National Living Wage1 A group gathers outside Marks and Spencer's flagship store in Oxford Street, London, to hand in a... Continue Reading →
Marks & Spencer is to be lobbied by MPs and fair pay campaigners after a petition against planned pay cuts gathered almost 90,000 signatures. Siobhain McDonagh MP, who raised the issue in parliament in June, will lead a delegation to present the Change.org petition at the retailer’s Marble Arch store in London on Thursday. Friends... Continue Reading →
Mr Price Group Ltd. plunged the most in more than seven months after the South African clothing and household-goods retailer said first-half earnings would probably decline after its most challenging winter in more than a decade.The shares dropped 16 percent to 184.47 rand at the close in Johannesburg, the biggest decline since Jan. 15. Almost... Continue Reading →
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