Abercrombie & Fitch to open first store in Jeddah as part of Middle East expansion0The new store will launch in the Red Sea Mall in September and will offer the brand’s Autumn/Winter collection for men, women and children.The expansion is part of a franchise agreement between Majid Al Futtaim Fashion and Abercrombie & Fitch.Majid Al... Continue Reading →
By Neil Craven for The Mail on Sunday 21:52, 26 Aug 2017, updated 14:09, 27 Aug 2017The retail sector has suffered a chill that has wiped billions from some of Britain’s top firms.It comes amid fears consumers are threatening to cut their spending to cope with inflation rises, low wage increases and Brexit uncertainty.In the... Continue Reading →
Swedish fashion and lifestyle brand Arket, from the H&M Group, has unveiled its long-awaited debut flagship store on Regent Street, ahead of its official opening on Friday, August 25.Located within the unit that once house Banana Republic, Arket has transformed the 17,000 square foot space into a calm, modern and very grey environment, with bespoke... Continue Reading →
Arcadia, which owned BHS until it was sold to Dominic Chappell-led consortium, reaches deal with store’s liquidatorsSir Philip Green’s Arcadia retail empire has agreed to pay £30m to unsecured creditors of BHS following the collapse of the department store chain with the loss of 11,000 jobs.Arcadia, which owned BHS until it was sold to a... Continue Reading →
Emaar Properties has unveiled plans to build a new mall in the Dubai Hills Estate, one of the largest master-planned communities being developed in Dubai, UAE, in joint venture with Meraas.Scheduled to open in late 2019, Dubai Hills Mall will feature 2 million sq ft of leasable space spread out over ground and first floor... Continue Reading →
Shoprite, Africa's largest food retailer, wants to expand to new continents and is eyeing Poland as its gateway to Europe, the Puls Biznesu daily has said, adding its scepticism.Photo: Lars Frantzen/Wikimedia Commons (CC BY-SA 4.0)Shoprite CEO Pieter Engelbrecht, who visited Poland last week and is in talks with two developers, said entering Eastern Europe would... Continue Reading →
Tiffany reported its financial results for the three months (“second quarter”) and six months (“first half”) ended July 31, 2017. In both periods, modest net sales increases and improved operating margins contributed to growth in diluted earnings per share.In the second quarter: Worldwide net sales increased 3% to $960 million, while comparable store sales declined 2%.... Continue Reading →
The head of retail for Gant’s UK and Irish arm has resigned after almost five years in the position.Darren Whelpton-Smith has moved on to rugby leisurewear brand Raging Bull as its head of retail, wholesale and ecommerce.Whelpton-Smith is a former area manager for fashion chains Levi’s and Republic, and his last role before Gant was... Continue Reading →
In collaboration with Meraas, Emaar Properties has unveiled Dubai Hills Mall project, a family retail district within master development Dubai Hills Estate, slated to elevate the emirate’s retail offering upon completion in 2019.The highly-anticipated destination will boast over 18.75ha of gross leasable area accommodating some 750 fashion and dining outlets.Complementing the lifestyle landmarks of the... Continue Reading →
Dominic ChappellDominic Chappell, the former BHS owner, is to be prosecuted by The Pensions Regulator for failing to provide information to an investigation into the sale of the collapsed retailer.Mr Chappell headed up Retail Acquisitions, the company that acquired BHS for £1 from billionaire Sir Philip Green in 2015.The TPR said it is prosecuting Mr... Continue Reading →
Earnings in line with estimates; Sales growth to continue First financial statement after Steinhoff move to buy stake An employee inspects a community notice board inside a Shoprite Holdings Ltd. supermarket in Johannesburg.Photographer: Waldo Swiegers /BloombergShoprite Holdings Ltd. reported full-year earnings in line with analyst estimates as Africa’s largest food retailer boosted market share in... Continue Reading →
Our most recent UK Customer Satisfaction Index (UKCSI) reveals striking evidence that customers hold the power when it comes to business performance.The index reveals Aldi as the highest performing supermarket for customer satisfaction, overtaking heritage brands M&S and Waitrose, while also making the largest gains in sales and market share.The three supermarkets with the lowest... Continue Reading →
The athleisure trend sweeping the UK is predicted to drive the sportswear market’s value to £2.5 billion in 2017.According to a new report from GlobalData, sports clothing has jumped eight per cent year-on-year as retailers rush to cash in on the trend and release their own athleisure ranges.This is nearly four times the growth of... Continue Reading →
“Westfield Stratford City – John Lewis” by EG Focus is licensed under CC BY 2.0Despite being a 150-year-old department store, the UK’s John Lewis brand has been quick to evolve with the times and set its own standards in retailing.The retailer is famed for its ‘fair’ approach to business from its ‘partnership’ status to its... Continue Reading →
The multi-level store in Downtown Dubai was opened in 2014British luxury retailer Fortnum & Mason has closed down its store in Dubai, it confirmed on Thursday.Located in Downtown Dubai, the multi-level store was opened in 2014 as Fortnum & Mason’s first location outside London.However, the brand said in a brief statement that the slowdown in... Continue Reading →
Argos has been named and shamed by the government as one of more than 200 employers to underpay their workers.The Department for Business, Energy and Industrial Strategy (BEIS) has highlighted 233 firms which failed to pay their employees the minimum wage and national living wage.More than 13,000 members of staff were underpaid by these firms... Continue Reading →
New dining options and food hall at British retailer in Dubai Festival City MallFollowing a major revamp, Marks & Spencer’s flagship store in Dubai Festival City Mall has re-opened. For the first time in the UAE, you can now take a swift break from shopping at M&S and experience what the retailer is calling a... Continue Reading →
Following the global launch of the new format in Manchester in March, the store near Bristol is the second pilot featuring the design to open in the UK.The shop will create seven full-time and two part-time local jobs. Earlier this year, the Subway brand announced plans to increase the number of stores in the UK... Continue Reading →
The town centre unit, previously occupied by Costa, covers a ground floor sales area of approximately 1,200 square feet and is the brand’s 14th shop.In keeping with Weird Fish’s coastal-inspired roots, the design of the store features a fun nautical theme and tranquil colours.John Stockton, managing director at Weird Fish, said: “We have worked hard... Continue Reading →
Geraldine Casey, people & IT director at Tesco Ireland joins Philip Konopik, country manager Ireland, Visa as Tesco is named the largest contactless retailer in Ireland with over 2,200 contactless payment terminals in its stores across the countryWith over 2,200 contactless payment terminals across the country, Tesco has become the largest contactless retailer in Ireland. The retailer... Continue Reading →
International sunglasses retailer Sunglass Hut opened a new store in Hangzhou's Intime Wulin store, which is the brand's third store in the city following the ones in Hangzhou Kerry Centre and Hangzhou Bailian Outlets.Sunglass Hut has reached cooperation with many first-tier brands, including Ray-Ban, Prada, Dolce & Gabbana, Burberry, Tiffany & Co., and Coach.It started... Continue Reading →
Homeware retailer is third British high street chain after Sainsbury’s and Asda to announce redundancy plansWilko has reported an 80% drop in full-year profits. Photograph: AlamyWilko, the high street homewares and households goods chain, has warned almost 4,000 of its employees that they could lose their jobs in a shake-up that will strip out a... Continue Reading →
Operating 183 stores nationwide, the retailer’s online operation also grew with sales rising by 34%.Meanwhile, EBITDA rose by 7.6% to £15.1 million and net profit increased by 16.3% to £10.2 million year-on-year.Sanjay Vadera, chief executive of The Fragrance Shop, said: “We have achieved outstanding like for like sales growth for another year as a result... Continue Reading →
• Underlying operating profit slumped 60%• UK like-for-like sales dropped 7.5%• Overall revenue down 4.4%The fashion retailer recorded a 4.4% drop in revenue to £338.7m in the 13 weeks to June 24, exacerbated by a 7.5% plummet in UK like-for-like sales.The retailer’s underlying operating profit plunged 60% to £12.1m whilst EBITDA fell 37% to £27.2m,... Continue Reading →
Chinese technology company, Xiaomi, is focusing on offline stores to boost sales after suffering setbacks at the hands of local competitors over the past two years.The firm was the top seller in China in 2014 and 2015 but lost ground to Huawei, Oppo, Vivo and Apple last year.This year, the company has moved back into... Continue Reading →
J.C. Penney is the bearer of more bad news for department-store investors.On Friday morning, the company followed Macy’s Inc., Kohl’s Corp. and Dillard’s Inc. in reporting declining sales in the second quarter. J.C. Penney also posted a deeper loss than analysts expected -- hurt by clearance sales -- sending the shares on their worst decline... Continue Reading →
The Camuto family will continue to own and operate its apparel businesses following the acquisition.Aldo, which is also a family business, said the purchase will increase both companies' capabilities and reach, and enhance their ability to offer the widest selection of footwear, handbags, and accessories through all channels, including owned stores, franchise, online and wholesale. David... Continue Reading →
The 2,196 square foot store in the newly expanded section of the lounge introduces a number of new concepts and digital features for a Dixons Travel store.These include dedicated departure screens, spaces to demonstrate the latest in home, health and sports SMART technology, and a 50 metre digital signage line along the entire internal store... Continue Reading →
Tesco is to stop selling 5p single-use carrier bags and replace them with 'bags for life' costing 10p each.Shoppers will now have to remember to bring their own carrier bags to avoid paying double the old price.The move comes into effect in all UK stores on Monday 28 August and is part of an environmental... Continue Reading →
They're also creating even more drive-throughs across the UK.Great news for anyone that loves sausage rolls, steak bakes and every other pasty under the sun because Greggs have announced that they're planning on introducing a nationwide drive-through service.As you may remember, the Newcastle baker had recently launched their first drive-through service at Irlam, Greater Manchester.Well,... Continue Reading →
The news comes as the beauty products firm reports that sales fell 3% to £1.4 billion in the three months to end June.Since joining the company in 2012, McCoy has launched a three-year transformation plan in 2016, executed the separation of Avon's North America business, and relocated the company's corporate headquarters to the UK. She... Continue Reading →
If there’s one certainty in life where Apple is concerned, it’s that it targets the premium end of the market. Apple would tell you that it aims to make the best products, and that these cost money to make. A more cynical observer might say that Apple aims to make the highest margins and makes... Continue Reading →
Supermarket is worst performer of ‘big four’ grocers as fierce competition pulls underlying sales for the year down 5.7%Asda has posted its worst annual figures since being taken over by the American grocer Walmart, as fierce competition in the UK supermarket sector took its toll.Britain’s third biggest supermarket chain admitted performance was “behind expectations” after... Continue Reading →
DEPARTMENT STORES2 August 2017 | by The Retail BulletinOnline sales climbed by 7.2%.Home sales had a strong week with sales up 7.7% on the same week last year. The uplift was partly driven by a 19.2% increase in bed linen sales and a 17.5% rise in the beds and bedroom furniture category as the retailer... Continue Reading →
Sales falls and lower profits at supermarket Asda in 2016 have been revealed in detail in newly-filed accounts.The figures for the Walmart-owned supermarket, filed at Companies House, confirm a torrid spell for Asda as it faced stiff competition in the grocery sector.Like-for-like sales were down 5.7% compared with the previous year.Pre-tax profits dropped almost 19%... Continue Reading →
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Australian homewares specialist House is plotting an assault on the UK market, Retail Week can reveal.House, which is owned by Global Retail Brands, has thrown down the gauntlet to the likes of Lakeland and John Lewis with plans to open 75 stores within the next three years.It aims to open its first tranche of shops... Continue Reading →
Image captionSuperdrug will open 30 new stores across the UK and Ireland this yearThe owner of high street chains Superdrug, Savers and The Perfume Shop is planning to create more than 1,000 jobs across the UK as its expansion plans gain momentum.Superdrug is set to open 30 new stores, while its discount stable-mate Savers will... Continue Reading →
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