FURLA has opened its eighth and largest store in Moscow on the second level of Evropeysky shopping centre. The venue spans 150 square metres which makes it the largest premises of the brand’s in the Russian capital so far. In addition to the women’s line the store showcases its complete collection of accessories for men... Continue Reading →
Dreams rolls out next generation store format Dreams is rolling out a new store format, which it has piloted in Warrington. The aim of these stores is to offer a softer, more welcoming store environment whilst ensuring Dreams customers choose the right mattress for the best night’s sleep, and to showcase its on bedroom furniture... Continue Reading →
French raincoat retailer K-Way is poised to open its first-ever standalone store in the UK with a flagship in central London. The brand already trades in the UK via online, but the store – slated to open in May – will be K-Way’s first foray into bricks-and-mortar retail in the country. The iconic rainproof brand... Continue Reading →
Italian luxury leather brand Tod’s opened its second store in Singapore at The Shoppes at Marina Bay Sands. It is the first store with the new concept in Asia, preceded only by a boutique in London. To mark the opening, the store features exclusive maroon editions of the Double T bag, Double T Gomminos and... Continue Reading →
Liffey Valley boss says centre is fighting fit after €630m takeover by Germany's BVK Interview: Denis O'Connell, Centre Director, Liffey Valley SC Denis O’Connell has been with Liffey Valley Shopping Centre since it was a plan on paper. He’s seen the highs of the boom and depths of the recession - when many retailers struggled... Continue Reading →
Struggling teen retailer Wet Seal is closing all 171 of its stores. In a letter dated January 20 that was obtained by The Wall Street Journal, the apparel retailer notified employees working in the company's Irvine, California headquarters that the office was permanently shutting down and laying off all of its workers. According to the... Continue Reading →
Amazon.com and India’s Flipkart Online Services have reportedly walked away from talks to buy Dubai-based Souq.com after disagreeing over price. Bloomberg reported on Wednesday that the e-commerce business is now seeking other potential investors and is negotiating with mall operator Majid Al Futtaim, citing people familiar with the matter. It was reported in November that... Continue Reading →
South Africa's Mr Price reported lower third-quarter sales on Tuesday, as weak economic growth and tough competition forced the no-frills retailer to sell its clothing at lower prices. * Total retail sales of 6.1 billion rand for the three months to end-December, 0.5 percent lower than the corresponding period in 2015. * The difficult trading... Continue Reading →
In the nine months to December 24, TFG reported a 14.5% rise in group sales. Between November 27 and December 24 of 2016, sales increased by 14.6% compared with the year-earlier period. Growth for TFG International was 47.9% in sterling, and growth for TFG Africa was 11.5% with same-store growth of 5.6%. Price inflation in... Continue Reading →
Boux Avenue The Growth Retailer Award, the winner of which will be revealed at the on March 9, is representative of entrepreneurial retailers that are growing fast. Here, in alphabetical order, is the 10-strong shortlist. Boux Avenue’s UK sales have grown to reached the £35m milestone in the year to March 2015. Lingerie retailer Boux... Continue Reading →
Sales over the Christmas period were particularly strong, aided by a favourable trading pattern. The company said its new 'Balanced Choice' bakes proved very popular along with hot food options such as its new burritos. The results mean that company managed shop like-for-like sales climbed by 4.2% in the 52 weeks to 31 December. Total... Continue Reading →
Barton originally joined Well in March 2015 in the position of human resources director before becoming the interim retail stores director in October last year. She was appointed to the role on a permanent basis earlier this month. Prior to Well, Barton worked at the Asda supermarket chain where her roles included senior director of... Continue Reading →
The company grews its sales by 27% year-on-year in the six weeks prior to Christmas. Customer volumes climbed by 28% on the same period in the previous year. During the week immediately after Christmas the company celebrated an all-time record week with sales up 51%. Joes Browns managing director and founder Simon Brown said: “We... Continue Reading →
Lebanese actress Nadine Nassib Njeim joins forces with Saudi fashion brand Jeddah-based fashion label femi9 has partnered with Lebanese actress and former Miss Lebanon, Nadine Nassib Njeim. The new brand ambassador has designed a collection, titled Selectedbynadine, with Femi9, which will be unveiled this Thursday, January 19 at a VIP event in Dubai. Femi9 has... Continue Reading →
Fathima opens flagship hypermarket in Dubai Fathima Group, a UAE-based retail major, opened its largest hypermarket in Dubai, UAE in line with its wider growth plan in the GCC retail sector. The new hypermarket, spanning over a massive area of 35,000 sq ft, is located on Khalid Bin Walid Street in Bur Dubai. Fathima Group... Continue Reading →
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Mall operator Majid Al Futtaim has announced that it will open a new distribution centre at the National Industries Park in Dubai. The centre, once operational, will be the largest and most advanced distribution hub of its kind for Carrefour in the region, the company said in a statement. The facility is being built on... Continue Reading →
South Africa's Truworths flags lower H1 profit on tighter credit rules Pedestrians walk past a branch of South African clothing retailer Truworths in Cape Town Pedestrians walk past a branch of South African clothing retailer Truworths, in central Cape Town, February 18, 2016. REUTERS/Mike Hutchings JOHANNESBURG (Reuters) - South African clothing retailer Truworths International expects... Continue Reading →
Woolworths suffered a sharp slowdown in Christmas sales growth. Excluding a R3.8bn windfall from the sale of David Jones’s Sydney head office, the retail chain expects to report a decline in interim earnings. Basic earnings for the 26 weeks to December 25 are expected to be boosted by between 30% and 40% from the matching... Continue Reading →
Sale inventory was therefore 22% lower than prior year which enabled the retailer to launch its Spring range two weeks early FatFace enjoyed a record week of full price sales in the final week before Christmas. Anthony Thompson, chief executive of FatFace, said: "We are pleased to report another good trading performance despite a challenging... Continue Reading →
During the six weeks to 31 December, Waitrose’s gross sales excluding fuel rose by 4.8% to £914.9 million with like-for-like sales growth of 2.8%. Meanwhile, gross sales at John Lewis were up 4.9% to £998.1 million with a 2.7% increase in like-for-like sales. At John Lewis the channel mix saw a continued shift to online.... Continue Reading →
Retail group, which also includes Waitrose, reports strong Christmas but says retailers will face rising costs from brexit John Lewis’s chairman says he expects ‘a period of significant change’. Photograph: Sean Dempsey/PA John Lewis has warned that its annual bonus for staff will be significantly lower than last year as it prepares to take a... Continue Reading →
Dubai's retail sector added about 260,000 square metres of new space in 2016, the highest volume since 2010, according to consultants JLL. Its Year In Review 2016 report said Q4 saw the completion of about 20,000 square metres of retail space in the Dubai Festival City expansion while other notable completions throughout the year were... Continue Reading →
In the 13 weeks to 31 December, like-for-like clothing and homeware sales rose by 2.3% while food sales edged up 0.6%. On a total basis, UK sales rose by 4.5% while group sales increased by 5.9%. Steve Rowe, Marks & Spencer chief executive, said: “I am pleased with the customer response we have seen to... Continue Reading →
Debenhams hails 5% rise in Christmas like-for-like sales DEPARTMENT STORES 12 January 2017 | by The Retail Bulletin In the seven weeks to 7 January, online sales at the department store chain climbed by 17%. Sergio Bucher, chief executive of Debenhams, said: "I'm pleased with the performance we have achieved in the key trading weeks... Continue Reading →
In the period covering 12 November to 24 December, online sales rose by 29.3% while in-store sales were up 1.4% across the company’s 217 UK stores. Oliver Meakin, chief executive of Maplin, said: “Christmas 2016 has been one of our most successful trading periods and highlights the significant investment we have made across our whole... Continue Reading →
Alibaba to buy China mall operator in $2.6bn plan Alibaba is China's dominant player in online commerce, with its Taobao platform estimated to hold more than 90 percent of the consumer-to-consumer market Alibaba and Intime founder Shen Guojun have together offered to pay HK$10 per share to buy the shares they do not already own... Continue Reading →
Tesco announces job losses in shake-up of distribution centre network The proposed changes will reduce the number of Tesco distribution centres from 25 to 23. This will include the closure of the Welham Green centre and moving its grocery operations to Tesco’s Reading centre. In addition, the supermarket will be bringing the majority of general... Continue Reading →
Morrisons hails best Christmas performance in seven years In the nine weeks to 1 January, total sales excluding fuel increased by 2% despite the continuing impact of store closures. Like-for-like transaction growth was strong, up 5.2% year-on-year during the period. The supermarket said the growth was a result of an improved shopping experience for customers... Continue Reading →
Costa Coffee opens first Middle East drive-through Hotelier Middle East Costa Coffee opens first Middle East drive-through Located near Kite Beach on Jumeirah Beach Road in Dubai, the two-storey Costa Coffee building is open 24 hours a day, seven days a week. Emirates Leisure Retail chief operating officer Kevin Zajax said: “This is a milestone... Continue Reading →
Apple announced on Friday that a retail store is coming to Samsung’s home turf of South Korea. Neighbors! It’s hard to believe Apple doesn’t already have a retail store in South Korea, but Koreans have been getting by with two certified Apple reseller stores up until now. Apple’s website now shows 14 new retail job... Continue Reading →
Sports Direct: Mike Ashley thumbs his nose at City again. Watchdogs must tighten rules that allow him to do this Mike Ashley has thumbed his nose at the City once again, using his majority shareholding to secure the appointment of his man Keith Hellawell as chairman of Sports Direct, despite a majority of independent shareholders... Continue Reading →
Jamie Oliver has announced he is to close six of his Italian restaurants, blaming tough trading amid rising Brexit cost pressures. The celebrity chef’s company said outlets in Aberdeen, Cheltenham, Exeter, Richmond, Tunbridge Wells and Ludgate Hill, London, will close by the end of March. Simon Blagden, chief executive of Jamie Oliver Restaurant Group, said:... Continue Reading →
Vietnam retail sales reached $117.6 billion in 2016, according to the General Statistics Office. Sales rose 10.2 per cent year-on-year, thanks to foreign investment from overseas, especially Thailand, Japan and South Korea. Ranked among the 30 global retail markets with best opportunities by American management consulting firm AT Kearney, Vietnam witnessed major mergers and acquisitions... Continue Reading →
Washington — More grim news for malls as women’s apparel designer and retailer The Limited says it will close all its brick-and-mortar stores at the end of this weekend. The New Albany, Ohio company says it will continue to operate online only after the Jan. 8 closures. The Limited made the announcement just two days... Continue Reading →
Majid Al Futtaim, a leading shopping mall, retail and leisure pioneer, will open a major new distribution centre for Carrefour at the National Industries Park (NIP) in Dubai, UAE. The centre, once operational, will be the largest and most advanced distribution hub of its kind for Carrefour in the region, said a statement from the... Continue Reading →
Amid rumors that the Galeries Lafayette Apple Watch pop up shop will be shuttered this month, Apple also appears to have shut down its Apple Watch shop at the high-end Selfridges department store in London, England. The Selfridges retail store listing, which previously showed the Selfridges store front along with store hours and location, has... Continue Reading →
In a statement, Next said the 0.4% decline in the 54 days to 24 December was an improvement on the third quarter and better than the run rate for the full year. However, the company was expecting sales in the fourth quarter to grow year-on-year as the comparative numbers in 2015 were poor. While Next’s... Continue Reading →
In the six weeks to 31 December, like-for-like sales were up 6.8%. The retailer said its busiest day was 23 December when it sold over 80,000 bottles. Sales of male fragrance grew faster than female thanks to new launches. Top performers included Dior Sauvage, Chanel Coco Mademoiselle and Hugo Boss - The Scent For Her... Continue Reading →
The Five Best Shopping Malls In Dubai If there's any city in the world that takes shopping malls seriously, it's Dubai. Not only do global brands flock to this retail capital, but shoppers from all over the Middle East and beyond come to Dubai to appreciate the grandiosity and beauty of its shopping centers. The... Continue Reading →
The Five Best Shopping Malls In Abu Dhabi There may be no nation in the world that treats shopping the way the UAE does. Malls serve every purpose from a meeting point between friends or colleagues to a refuge from the hot desert sun, and when you see the insides of these shopping complexes, you’ll... Continue Reading →
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