Abercrombie & Fitch to open first store in Jeddah

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 →

UK Top brands in £6bn meltdown: M&S, Sainsbury’s, Dixons, Kingfisher and JD Sport suffer three months of hell

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 →

Inside Arket, H&M Group’s new store

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 →

Shoprite African retail giant eyes Poland, Europe

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 & Co first half 2017 sales increased 2%

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 →

Gant’s UK retail boss exits

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 →

Emaar Launches New Retail Haven In Dubai Hills

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 →

Shoprite Profit Rises as South Africa Stores Prove Resilient

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 →

COMMENT: Why has Aldi overtaken Waitrose and M&S?

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 →

30 Things You Didn’t Know About John Lewis

“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 →

Weird Fish unveils new store design

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 →

Tesco now the largest contactless retailer in Ireland

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 →

Sunglass Hut Opens New Store In Hangzhou

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 →

Wilko warns nearly 4,000 staff could lose jobs

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 →

The Fragrance Shop posts bumper trading figures

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 →

Aldo to acquire Camuto Group

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 →

Good news because Greggs are testing out home deliveries in the UK

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 →

Avon chief executive to step down

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 →

Asda posts worst annual figures since Walmart takeover

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 →

John Lewis sales up 2.5% last week

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 →

Asda reveals 2016 slump in sales

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 →

Superdrug owner looks to expand in UK

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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