Holland & Barrett, the UK's biggest health food retailer, is being bought by a Russian billionaire for £1.8bn. L1 Retail, a fund controlled by Mikhail Fridman, is buying the chain from US private equity firm Carlyle. Carlyle acquired Nuneaton-based Holland & Barrett as part of its $3.8bn (£3bn) purchase in 2010 of US firm Nature's... Continue Reading →
OFFERING high quality fashionable products at great prices, Max Fashion has launched its first store in Malaysia at IOI City Mall, Putrajaya. Max Fashion is part of the Landmark Group, which is one of the largest retail conglomerates in the Middle East and India with its headquarters in Dubai, UAE. The store was launched by... Continue Reading →
Volkswagen Bullring Birmingham storeVolkswagen is the latest car brand to embrace the retail-friendly ‘store’ concept in the UK. Its first store will open in Birmingham’s Bullring next month, on Friday 7 July. The new VW store has been set up by local Volkswagen dealer Johnsons Cars. A development of the dealer’s other retail pop-up sites,... Continue Reading →
Operations will be shifted to its office in Dundee, Scotland, creating 250 jobs, Tesco added in a statement. Tesco supermarket to axe 1,100 UK jobsLondon- Britain's biggest retailer, supermarket giant Tesco, said Wednesday it plans to cut 1,100 jobs with the closure of a call centre in the Welsh capital Cardiff. Operations will be shifted... Continue Reading →
Superdrug owner AS Watson Group is reportedly considering a takeover bid of at least £1bn for Holland & Barrett. AS Watson Group, which is part of the Asian conglomerate CK Hutchinson Holdings, has tabled an indicative offer for the UK high street health foods chain, according to reports by Mark Kleinman at Sky News. Hong... Continue Reading →
Online retail giant Amazon is buying Whole Foods in a $13.7bn (£10.7bn) deal that marks its biggest push into traditional retailing yet. Amazon, which has been experimenting with selling groceries, will buy the upmarket supermarket for $42 a share. Founded in 1978 in Texas, Whole Foods was a pioneer of the move towards natural and... Continue Reading →
Michael Kors plans to open around 100 new stores in China in next three years, as the US brand continues to plan for mass global retail closures, forming part of its recently revealed “Runway 2020” restructuring program to turn dwindling sales around. Michael Kors’ initial restructuring announcement came in early June, after the brand posted... Continue Reading →
Swarovski Perth flagship store opening Australia - Retail in Asia Crystal maker and jeweller Swarovski has opened its Perth flagship store, the second store in Australia to feature the brand’s crystal drop chandelier, as part of its new retail design. Located in Perth Hay Street Mall, the new Western Australia store boasts Swarovski’s new ‘crystal... Continue Reading →
Shares of Starbucks Corp. sank Wednesday to an eighth straight loss, after a Wedbush Securities analyst downgraded the coffee giant for the first time, on concerns that investors may be too optimistic about the sales outlook. The stock SBUX, -1.07% shed as much as 1.7% intraday before closing down 1.1%, after tumbling 5.6% over the... Continue Reading →
Announcing its first set of 12-month results since moving the company’s financial year end date to March 31, Global Brands Group said that it achieved a solid performance despite a tough business environment. During the reporting period, the group revenue increased by 11.6 percent to 3,891 million dollars. The company’s total margin improved from 33.9... Continue Reading →
Amazon has once again been named the world’s most valuable retail brand in the annual BrandZ Top 100 Most Valuable Brands ranking published by WPP and Kantar Millward Brown. The online giant took fourth spot in the ranking behind technology firms Google, Apple and Microsoft, but Amazon did achieve the highest dollar value growth of... Continue Reading →
UAE-based Gulf Capital said more than 76 per cent of the work has been completed on its $1-billion retail venture coming up in Abu Dhabi and is on track for opening by the end of 2018. Al Maryah Central, located at Al Maryah Island, is a joint venture project between Gulf Capital and the US-based... Continue Reading →
As H&M braces for the opening of its first Arket store, it is already putting a plan in motion for its second location. The fast-fashion chain announced in March that is plans to launch its new brand, Arket, in early fall. Arket, H&M’s first new brand in three years, will feature merchandise men, women and... Continue Reading →
Tesco and Dixons Carphone have announced a new partnership which will see two Currys PC World concessions opening within Tesco Extra stores this summer. The first store is scheduled to open in July at Tesco’s Milton Keynes Extra store, followed by a second concession at its Weston Favell Extra store in Northampton later in August.... Continue Reading →
Joules has reported a near 20% rise in sales to £157m in the year to 28 May 2017, which marks its first full year as a listed company on AIM. In its pre-close period trading statement the premium fashion and lifestyle brand said the business had had a strong start to FY17 followed by a... Continue Reading →
Lidl U.S. announced on Tuesday that it will exclusively feature a new fashion collection by supermodel/fashion designer Heidi Klum, launching later this year in stores in Europe and the U.S. according to a press release emailed to Retail Dive. The no-frills retailer, which like Klum hails from Germany, describes the collection as “high-end, yet affordable.”... Continue Reading →
House of Fraser is the best high street retailer that also sells online in the UK, according to a new report. The annual Multichannel Retail Report scores and ranks 187 high street retailers selling online, identifying the top 10 the industry should benchmark against. Following House of Fraser in the top 10 are Schuh, Argos,... Continue Reading →
British outdoor and leisure clothing brand Regatta Great Outdoors is making its US retail store debut exclusively at Sears with 11 shop-in-shop locations through the New England area. "We chose Sears for our American debut because their customers align well to the type of enthusiasts who have fallen in love with the Regatta brand in... Continue Reading →
US fashion brand J.Crew has announced its long-standing chief executive Mickey Drexler is to step down. The retail veteran who helmed the company for 14 years will stay on as chairman while former president of West Elm, Jim Brett, steps in to take over the role. The surprise announcement follows recent news that the company’s... Continue Reading →
The Foschini Group could be bringing some of its 22 brands to Australia: What will land first? Aussie retailers could soon see yet another influx of new competition, with South African retail giant The Foschini Group (TFG) saying it’s considering bringing some of its 22 retail brands Down Under. Speaking to Fairfax, TFG chief executive... Continue Reading →
Sears is closing 72 more stores, in addition to the more than 180 that have already been announced this year. The company released a list internally on Tuesday of the closing stores, which includes 16 Sears stores, 49 Kmart stores, and seven auto centers. Most of the stores will close in September. Sears did not... Continue Reading →
The National Credit Regulator has referred Mr Price Group to the National Consumer Tribunal for breach of the National Credit Act, following an investigation by the NCR, which revealed Mr Price has charged consumers a club fee on credit agreements. The National Credit Act does not permit the charging of a club fee on credit... Continue Reading →
Britain’s biggest retailer, said on Wednesday it had struck a deal with electricals group Dixons Carphone <DC.L> to trial Currys PC World concessions in some of its largest stores. As shoppers increasingly use smaller convenience stores and shop online, Tesco, in common with Britain’s other major supermarket groups, is looking to refit its once bustling... Continue Reading →
retail news 