JOHANNESBURG - Department store Stuttafords, the 159-year-old “Harrods of South Africa”, is closing down, a victim of a global shift to online retail and a domestic economic slump that has put brands such as Ted Baker and Gap beyond its customers’ reach.Mirroring the fortunes of once-mighty department stores in Europe and the United States, the... Continue Reading →
A rally in e-retail behemoth Amazon’s share price on Thursday propelled founder Jeff Bezos to the top of a list of the world’s richest individuals—for less than a day.Mr Bezos, who is also chairman and chief executive of the Seattle-based company, was worth almost $91bn (£70bn) after Amazon’s share price rose more than 1 per cent... Continue Reading →
The retailer has taken an 888 square metre unit at the park.Steve Barton, Dunelm’s director of property, said: “We’re delighted to be opening our first new Kiddicare store at Peterborough One Retail Park. The family-oriented tenant mix at the retail park is complimentary to a physical store presence for the brand in support of Kiddicare’s... Continue Reading →
American Eagle Outfitters has around 950 stores in the US and targets 15 to 25-year-olds with affordable, preppy fashionUS fashion retailer American Eagle Outfitters is pulling out of the UK less than three years after opening its first stores on British soil.Of its three UK shops, the company is said to have closed one - in... Continue Reading →
The 1,821 square foot shop will offer Boden adult ranges as well as special collections such as Boden Icons and Mini Boden for children.Boden founder and creative director Johnnie Boden said: “I’m so excited to be going into retail. This is a new chapter for Boden. At last our customers will be able to see... Continue Reading →
Gulf clothing retailer Sana is shutting down its 35 shops and making more than 1,000 staff redundant, according to reports.UAE newspaper Gulf News cited a senior executive as saying the company’s stores in the UAE, Oman, Bahrain, Qatar and Saudi Arabia will close by the end of August.He said senior staff were informed of their... Continue Reading →
LVMH’s Louis Vuitton launches e-commerce website in ChinaFrench fashion brand Louis Vuitton, part of luxury giant LVMH , said on July 21st it had launched an e-commerce website in China to tap a booming online shopping market.Louis Vuitton, which opened its first store in Beijing in 1992, said the website offered leather goods, small leather goods, shoes,... Continue Reading →
Restaurant chain Subway is rolling out the Subway Fresh Forward design, transforming the guest experience. The new store concept is a distinctive and welcoming restaurant space that highlights an amplified guest experience surrounding its fresh ingredients. The bright colour palette is inspired by fresh vegetables.'We’ve created a modern design that gives our guests choices, from... Continue Reading →
Amazon has confirmed its commitment to maintain a diverse workforce even after Brexit as the online retail giant opened its new UK head office and announced plans to create 450 new research and development jobs.The internet behemoth is set to move in to all 15 storeys and 600,000sq ft of the Principal Place building in... Continue Reading →
Service will cover more than 99% of UK households, says supermarket as fears grow over amazon Tesco is going head to head with Amazon by extending its same-day online grocery delivery service across the UK.Britain’s biggest supermarket chain said on Monday that the service, which is only available in London and rest of the south-east,... Continue Reading →
Sephora continues to experiment with store formats, and this time it's going smaller.The beauty retailer has opened a new concept, called Sephora Studio, on Newbury Street in Boston, designed to provide a very customized shopping experience, one that drives personal connections with customers. At 2,000 sq. ft., it is the brand's smallest store in North... Continue Reading →
Ivanka Trump's clothing line is still being sold at Macy's. Macy'sMore than 63,000 people have signed a petition urging Macy's to drop Ivanka Trump's clothing line.The petition, which was set up by women's rights organization UltraViolet, had 30,000 signatures within 24 hours of being posted online last Thursday, the Huffington Post reported.It was launched during President Trump's... Continue Reading →
Michael Kors has successfully reached an agreement that will see it acquire luxury footwear maker Jimmy Choo.The board of directors at both the retailers have approved the deal, which will see Jimmy Choo shareholders receive 230p per share, leading to a total value of $1.35 billion (£1.04 billion).Jimmy Choo, which trades from an estate of... Continue Reading →
Tmall has carried the Hollister brand since 2014 and from 26 July will also include a full offering of Abercrombie & Fitch and Abercrombie Kids products.In a statement, Abercrombie said the fact that 75% of Alibaba’s users are under the age of 35, and around 80% of its gross merchandise value takes place on mobile,... Continue Reading →
Ben ChapmanMonday 24 July 2017 10:59 BSTShares in discount retailer B&M jumped 4 per cent after reports that Asda is reportedly eyeing up a £4.4bn takeover bid. Asda is understood to be attempting diversification to combat the threat of cut-price rivals, Lidl and Aldi.Walmart-owned Asda, Britain’s third-biggest supermarket chain, has seen sales fall over the last three years amid fierce... Continue Reading →
M&S reports 2.7 percent increase in Q1 sales Marks and Spencer Group (M&S) said that the revenues increased 2.7 percent or 1.8 percent in constant currency, in the 13 weeks to July 1, 2017 to 2,531.5 million pounds (3,259 million dollars). Revenues in the UK were up 2.6 percent to 2,259.2 million pounds (2,910 million... Continue Reading →
A NUMBER of roles at McDonald's Ireland corporate headquarters have been cut as part of a global cost-reduction, the Irish Independent has learned. The 'Sunday Independent' reported at the weekend that McDonald's is scaling back its head-office operations in Ireland, with the business set to be managed from the UK. The managing director of the... Continue Reading →
The news follows on the group’s interim results, which showed a 32% rise in sales in rand terms in SA. The rise came at the expense of local retailers such as Mr Price and Edcon. "We see a lot of potential in SA," said H&M South African country manager Pär Darj. Three stores will be... Continue Reading →
West Midlands-based discount fashion retailer to close its 122 stores after battling losses for several years Store Twenty One, Waterlooville, Hampshire, UK Struggling fashion chain Store Twenty One is being liquidated with the loss of 900 retail jobs. The value clothing retailer, which was based in Solihull in the West Midlands, has entered compulsory liquidation... Continue Reading →
Owned by Nike, the brand is famous for its All Star sneakers. The shop will be its first physical store in the UK. The outlet centre has also announced that Dr Martens has signed a long-term lease for a 1,350 square foot unit following the success of a pop-up trial store. Meanwhile, Vans is taking... Continue Reading →
Earlier this year, Apple began renovations of its Fifth Avenue retail store with the goal of more than doubling its size. Details on the project have been somewhat unclear throughout the project, but a new report today from MacMagazine says that Apple’s flagship retail location will reopen towards the end of 2018… The report explains... Continue Reading →
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