Mulberry launches new entity to operate its businesses in Asia

The move follows the signing of a new business agreement with Challice Limited. Mulberry Asia will begin trading in Hong Kong from 3 April. In addition, a subsidiary in China and a branch office in Taiwan are expected to be operational this year once the business secures relevant business licences for the territories. The Mulberry... Continue Reading →

Amazon clinches deal to buy Middle East online retailer Souq.com

Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last-minute bid by Dubai billionaire Mohamed Alabbar's Emaar Malls, first revealed by Arabian Business on Friday. The value and terms of the agreement, which deal adviser Goldman Sachs called "the biggest-ever technology M&A transaction in the Arab world", were not disclosed. But sources... Continue Reading →

Busby to shut Nine West and Mango

Head of marketing Leane Adolph said on Wednesday all free-standing stores under both these brands would close by the end of March. "The company regularly reviews the portfolio's performance and relevance to market and decided to move the Mango business into the store-in-store concept within Edgars. Similarly, with Nine West, we will keep a wholesale... Continue Reading →

Maplin unveils new smart store concept

Technology retailer Maplin has unveiled a new store concept in Cambridge, allowing customers to fully engage with the latest Smart Home technology. The 290 sq m space at the Beehive Shopping Centre has been designed in distinct departments to showcase the benefits of, and allow interaction with, smart technology for the home. Design consultancy 20.20's... Continue Reading →

Target to open in Macy’s backyard in NYC

Target Corp. is bringing its small-format store to the heart of Manhattan. The discounter plans to open its first location in midtown Manhattan, a 43,000-sq.-ft. store in Herald Square, just west of the 34th Street and Broadway intersection, and one block from Penn Station — and across the street from the Macy’s flagship. The two-level... Continue Reading →

White Company set to enter US with New York store

There are plans to open more stores in malls across New York state, New Jersey and Connecticut. The retailer reported “significant growth” in the second year of its US ecommerce business in its last full-year. It unveiled surging profits against strong comparables despite a “difficult trading environment”. Pre-tax profits, excluding exceptional items, were up 50%... Continue Reading →

UK Retail Sales for Amazon Approaching 10 Billion Dollars March 19, 2017 The United Kingdom is the world’s sixth largest economy, with a retail market estimated at $358 billion for 2016. As one of the world’s oldest and most mature economies, the UK will not grow at a rapid pace, certainly not with Brexit waiting... Continue Reading →

Zara Combats Retail Slump with Massive Stores 

Zara’s is trying an unusual strategy as brick-and-mortar retailers are desperate for more foot traffic – bigger stores. Zara’s newest store in La Coruna, Spain, which opened in September, is five stories with more than 54,000 square feet and is serving as a model for other flagship stores. Meanwhile, the women’s clothing and accessories retailer,... Continue Reading →

Gap opens new concept store at Bluewater

The 10,000 square foot store on Bluewater’s lower Rose Gallery is situated next to the forthcoming Missguided shop, which is set to launch this summer. Created by an in-house team, the new shop is the first of a new breed of UK concept stores for the fashion brand and includes women’s, men’s, kids and baby... Continue Reading →

Mothercare hires new non-exec director

Kent was chief executive of real estate portal Propertyfinder until its acquisition by Zoopla, and also spent 15 years with Microsoft including three years as managing director of MSN UK. She currently holds non-executive director roles at Pendragon, National Accident Helpline Group, Ascential, Coull and No Agent Technologies. Kent will serve on the Audit and... Continue Reading →

Banana Republic appoints new chief executive

Banana Republic appoints new chief executive FASHION 16 March 2017 | by The Retail Bulletin Breitbard will report to Art Peck, president and chief executive of Gap, who will continue to directly oversee Banana Republic until Breitbard joins the company in early May. Click here Peck said: “Mark brings significant retail leadership experience to Gap... Continue Reading →

TK Maxx is coming to Australia

TK Maxx is officially coming downunder. The U.S. retailer will roll out a slew of standalone stores across Australia, replacing the current Trade Secret shops in operation, which TJX, the parent company of TK Maxx, bought in October 2015 for AU$80 million (US$60.59 million). TJX has continued to operate the stores under the Trade Secret... Continue Reading →

Ted Baker reopens Tokyo flagship

Affordable luxury brand Ted Baker has opened its newly renovated Tokyo flagship store, as well as two new shop-in-shops within prominent department stores. Located in the Japanese capital’s hip Omotesando district, the newly developed Ted Baker store has moved into a 4,500 square foot space. Previously the home of Marc Jacobs, the outfit spans three... Continue Reading →

Aldo names founder’s son as new CEO

Footwear retailer Aldo has appointed David Bensadoun as its new chief executive, to replace current boss Patrick Frisk. Bensadoun first joined the Montreal-based retailer – which has several stores in the UK – in 1995 as a project manager before working his way up to president of the Aldo Group in North America. He is... Continue Reading →

Trafford Park site sold for £5m The property was purchased by The Schroders MLIPUT for £4,968,000, reflecting a net initial yield of 6.24 per cent. A Trafford Park industrial scheme has been sold for just short of £5m as investors – and occupiers – take advantage of the surge in shed values. B8 Real Estate,... Continue Reading →

South Africa’s Product of the Year winners revealed

South Africa's best products, recognised through a market-leading independent consumer survey, were announced at the Product of the Year gala event in Johannesburg last week. South Africa's Product of the Year winners revealedPart of one of the world’s largest consumer-voted awards programmes, this independent consumer survey, conducted by leading global information and measurement company Nielsen,... Continue Reading →

Forever 21 Opens 4th Store in Mumbai

Feb 28: Forever 21, a leading fast fashion brand from Aditya Birla Fashion and Retail Ltd (ABFRL), part of the Aditya Birla group, is further strengthening its foothold in Mumbai with the launch of its 4th store, taking the total count to 15 stores in India. Forever 21 is a California-based fast fashion brand that... Continue Reading →

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