London - The man who has been credited with transforming Burberry into the UK's leading luxury fashion house is set to leave his role. President and Chief Creative Officer at Burberry, Christopher Bailey, is set to leave the company by the end of 2018, marking the end of his 17-year tenure. The heritage fashion house... Continue Reading →
by The Retail Bulletin He will succeed current chief executive Sean Clarke who has held the position since July 2016. In a statement, the company said Clarke will be “taking some time out” but will “remain engaged” with Walmart. Burnley returned to Asda as chief operating officer and deputy chief executive in October 2016 and... Continue Reading →
Asda chief executive Sean Clarke will stand down in January, barely 18 months after taking on the role. The supermarket chain, a subsidiary of US giant Walmart, has struggled over the past few years, losing market share to discount rivals Aldi and Lidl. But it insisted Mr Clarke was departing because he wanted to take some... Continue Reading →
Operating profit up 15.4% to R1.8 billion. South African retailer Clicks reported a 14.5% rise in annual headline earnings on Thursday powered by health and beauty products and pricing aimed at thrifty consumers in a weak economy. Diluted headline earnings per share rose to 502.1 cents for the year ended August 31 while operating profit... Continue Reading →
Lloyds Pharmacy closes 190 stores, blaming government cuts Reduced funding, higher business rates and the apprenticeship levy created ‘challenging market conditions’ Lloyds Pharmacy has announced it will close nearly 200 stores across England because of changes in government policy, with its parent company also blaming funding cuts and the apprenticeship levy. In an internal letter... Continue Reading →
M&S clothing boss leaves weeks after starting new role while John Lewis director quits A senior boss is leaving M&S's clothing division Marks & Spencer’s clothing recovery has been dealt a fresh blow after one of its senior directors quit while John Lewis’s boardroom is facing a reshuffle with the departure of a senior director.... Continue Reading →
by The Retail Bulletin The small format shop in Melbourne is the first site operated with Debenhams’ franchise partner Pepkor, which is part of the Steinhoff Group. Spanning 3,600 square metres across two floors, the store is the first of its kind for Debenhams and marks a shift away from the traditional department store format... Continue Reading →
Dubai Land Department chief says data shows 'increasing demand' across real estate sectord Dubai Land Department (DLD) on Monday announced that the total value of real estate transactions for the first nine months of 2017 reached AED204 billion ($55.5 billion), achieved through 52,170 deals. It said there were a total of 37,633 transactions for land,... Continue Reading →
He will join the audit and remuneration committees and will become chairman of the audit committee in January 2018 when Mark Rolfe steps down from the Debenhams board. With 30 years retail experience, Adams is a former finance director and deputy chief executive of House of Fraser and has also been chairman of Jessops and... Continue Reading →
Hermès has opened ‘Through The Walls’, an immersive exhibition of the French luxury label’s home universe created especially for Singapore. Showing at Hermès’ Liat Towers flagship store on Orchard Road, the world-first Hermès home exhibition will run from 7 to 29 October 2017. In a bid to showcase its new collections for the home, under... Continue Reading →
Daa, the operator of Dublin airport, has confirmed the main retail area in the departures lounge of terminal two at the airport is set to be revamped. Tender documents seen by DFNIonline show daa is looking for a panel of six construction companies to work on the refit, which will include the fit out of a 1,350sq... Continue Reading →
Luxury men’s fashion and accessories brand Alfred Dunhill has opened a new store in Beijing. Nestled on Jianguo Road in the Chaoyang District, the latest China branch is located on Level 2 of Beijing’s SKP Shopping Centre. It features Dunhill’s famous retail Home design concept: elegant, sophisticated and masculine, with design accents that mimic Dunhill’s... Continue Reading →
Marc Jacobs opens first online flagship store in China Oct 18, 2017 Marc Jacobs has recently launched first online flagship store in China with Viplux, the flagship luxury channel for international luxury and premium brands on vip.com. The Marc Jacobs China-based online flagship is offering its hip hop-inspired fall 2017 collection to 300 million vip.com... Continue Reading →
Womenswear brand Galvan is set to open its debut retail concept, which will comprise of a showroom, bridal atelier, office, and archive space for the independent label. Located at Clarendon Cross, Notting Hill, the studio will allow customer to purchase current collection, pre-order from next collection, as well as place orders from Galvan’s archive of... Continue Reading →
Sainsbury Cuts Jobs as Brexit Puts Online Retailers Off U.K. The U.K. retail industry’s Brexit-linked turmoil deepened as J Sainsbury Plc said it would cut as many as 2,000 jobs, Zalando SE said the market is losing attractiveness and rival online fashion site Asos Plc discussed contingency plans. Sainsbury’s move follows Tesco Plc, which announced... Continue Reading →
Lifestyle retailer Fat Face will extend its closing times during the festive break and plans to shut 40 stores on Boxing Day, Drapers has learned. The Boxing Day closures, which take place on the same day its winter Sale period starts, are four times greater than last year’s pilot, when 10 shops shut on the... Continue Reading →
The firm's chief executive, Muchiri Wahome, says the move comes after South Africa-based Mr Price Group Ltd approached Deacons with a proposal to purchase the chain of stores. “The proposed transaction will be subject to various conditions that include requisite approvals from regulatory authorities and the shareholders of Deacons through a shareholders’ meeting to be... Continue Reading →
Dubai-based Lulu group launches India’s first Toys”R”Us store in Bengaluru The store opened to a huge crowd, with the first customer buying toys worth more than Rs. 1 lakh. Abu Dhabi-based LuLu Group has launched the global retail toy brand Toys“R”Us in India, with the first store being opened in Bangalore, today. The first store, touted to... Continue Reading →
Swedish fashion retailer H&M said third-quarter profits were adversely affected by heavy discounting of the retailer’s summer collection, in a bid to boost sales over the warmer months. The world’s second-largest clothing retailer said net profits fell 20 percent in the three-month period ending August 2017. Net profit in the third quarter fell from SKr4.8bn... Continue Reading →
Italian luxury house of Gucci has recently opened a new children’s clothing store in Dubai at the Dubai Mall. The store features Gucci Creative Director Alessandro Michele’s signature style. The store stocks the complete range of products for kids of the brand.
Fitness brand Sweaty Betty has opened its first European flagship at No. 1 Carnaby Street in London. The prominent 204 sq m store is located at the south entrance to Carnaby Street and is the result of the brand upscaling from its existing store on Beak Street where it has been a resident since 2002.... Continue Reading →
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