Starbucks to Close Two Remaining Evolution Fresh Juice Stores

Starbucks is closing its two remaining Evolution Fresh juice stores. Seattle Met first reported that the two Seattle-located stores will close this spring — a move that officially removes the coffee-chain from the fresh juice bar market, notes Consumerist. However, the company is still slated to sell the juices at its coffee storefronts. Starbucks (sbux,... Continue Reading →

AO boss steps down

AO CEO and founder, John Roberts, will be replaced by COO, Steve Caunce. AO World has announced its CEO and founder, John Roberts, is stepping down after nearly 17 years. Roberts created the online electricals retailer in 2000 and will now move to a new executive role. Effective immediately, COO, Steve Caunce, will step up... Continue Reading →

John Lewis sales down 0.2% last week

Fashion sales rose by 1.4% as trade in the category was boosted by the popularity of the retailer’s own brand range Modern Rarity. In addition, sales of beauty, wellbeing and leisure products were up 11.2% as customers bought gifts for Valentine's Day. Electrical and home technology sales were also up, increasing by 0.4%. Growth was... Continue Reading →

Asda sales fall by 2.9% in fourth quarter

The fall marks an improvement for the Walmart owned company on the previous quarter when like-for-like sales dropped by 5.8%. Walmart president and chief executive Doug McMillon said Asda had faced challenges in the UK market in the past year which it is addressing “with urgency”. Sean Clarke, Asda president and chief executive, said the... Continue Reading →

Guess focuses on international markets American clothing brand Guess has decided to venture off into expansion on an international level. Chief executive officer Victor Herrero just confirmed plans to broaden the company’s reach in both Europe and Asia. The company has done well in both North America and South America, expanding in the past couple... Continue Reading →

Woolworths sees green shoots in Australia

Woolworths says it is beginning to see some "green shoots" in its Australian operations, with significant changes in store for David Jones and Country Road Group.  However, the retailer warned that despite this encouraging trend, trading conditions in that market would remain difficult for the rest of the year. CEO Ian Moir said Country Road... Continue Reading →

Wendy’s plans to add 1,000 units by 2020

To get bigger, The Wendy’s Co. is getting smaller. The Dublin, Ohio-based burger chain wants to add another 1,000 locations by 2020, executives told investors on Thursday. One strategy the company plans to use to encourage that growth is a new, more flexible design that will enable Wendy’s to go into smaller spaces. Traditionally, the... Continue Reading →

Africa retail giants Steinhoff, Shoprite shelve merger

Shoprite has scrapped plans to merge its South African businesses with Steinhoff's Shoprite has scrapped plans to merge its South African businesses with Steinhoff's South African retail firms Steinhoff International and Shoprite Holdings announced Monday they had scrapped plans to merge their local assets to form the continent's biggest retailer. The plan announced in December... Continue Reading →

E-City opens revamped store in Dubai Mall

E-City, a leading operator of a chain of world-class multi-brand electronics retail stores across the UAE, has inaugurated its newly renovated store in The Dubai Mall in Dubai, UAE. E-City is the electronics retail arm of Albatha Retail & Home Products Group of Albatha Holding, which is one of the leading private business groups in... Continue Reading →

Stefanel plots UK franchise stores

Italian womenswear brand Stefanel is looking to open up to 15 franchise stores across the UK and Ireland. Love Brands, the brand’s distributor in the UK and Ireland, has teamed up with franchise consultant Peter Danby to recruit potential franchisees. They will work alongside John Lane from London-based retail property advisors Tienda to select locations.... Continue Reading →

Canada Goose files for IPO

Coyote fur-trimmed hoods have become near synonymous with Canada Goose, the down-filled parka brand that has taken the world by storm. From the streets of Amsterdam to New York to the characters of the new Fortitude series, everyone living in arctic climates appears to be clad in Canada Goose. Its international success is the key... Continue Reading →

Waitrose named the UK’s top supermarket

Waitrose has been named the UK's top supermarket in a new Which? Magazine survey of more than 7,000 shoppers. Shoppers were asked to rate stores based on drivers such as store appearance, ease of finding products and overall quality of fresh products. When it came to the online ranking, shoppers were asked about relevance of... Continue Reading →

Dis-Chem turnover fails to move investors

The trading update is largely upbeat, but investor enthusiasm for the JSE’s retail sector has been tempered  Shares in recently listed healthcare retailer Dis-Chem fell 3.7% on Friday after the release of a trading update for the 22 weeks to end January. The trading update was largely upbeat, but investor enthusiasm for the JSE’s retail... Continue Reading →

New boss vows to overhaul Edcon

The newly appointed chairman of Edcon said the retailer was too important to fail and would be turned around. Gareth Penny, who took up the position on Wednesday, said he was "confident we can continue to make progress in recreating a world-class retailer". New boss vows to overhaul EdconPenny, the former group CEO of De... Continue Reading →

H&M targets expansion in SA

Hennes & Mauritz says it has an aggressive expansion strategy in place to expand on strong sales in SA  While Hennes & Mauritz (H&M) may have delivered an impressive full-year performance in SA amid a constrained consumer environment, the Swedish company’s group results show that global retail is struggling as much as the local sector.... Continue Reading →

Joules enjoys strong sales uplift

In the six months to 27 November, retail revenue was up 15.8% as ecommerce sales rose by 30.3% and store sales grew by 11.2%. The company also saw an uplift in wholesale revenue which climbed by 17.1%. International revenue increased by 39.3% and now represents 10.6% of group revenue. Meanwhile, underlying pre-tax profit rose by... Continue Reading →

Shoprite profits come roaring in

Despite a tough local market, Shoprite has edged its rivals and its rest of Africa play is going swimmingly  It has been 27 years since Shoprite, then and until recently led by Whitey Basson, took its first tentative steps beyond SA’s borders. The move was greeted by widespread market criticism. Shoprite has, mostly, proven that... Continue Reading →

Emaar Malls reports strong growth in 2016

Emaar Malls reports strong growth in 2016 Emaar Malls reported a growth in fourth-quarter (October to December 2016) net profit by four per cent to AED 452 million ($123 million), compared to the Q4 2015 net profit of AED 435 million ($118 million). Emaar Malls (DFM: EMAARMALLS), the shopping malls and retail business majority-owned by... Continue Reading →

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