Apple’s first ever retail store in Korea, said to open on Dec 30

Apple’s first ever retail store in Korea, close to Samsung’s HQ, said to open on Dec 30 Ben Lovejoy Apple confirmed back in January plans to open its first ever retail store in Samsung’s home city of Seoul, South Korea – close to the headquarters of Samsung. A new report from Korea says that the... Continue Reading →

Poundworld loses CEO

Gerry Gray,  who had held the role of chief executive at Poundworld for almost two years following a long career with Tesco,  has resigned and left the business. Steve Johnson, executive chairman,  is assuming the role until a permanent appointment can be made.

Arket to open third store in London

H&M’s Group newest brand, Arket, is set to open its third store in London next spring as the Swedish retail group continues to roll out its latest store concept. Set to open in spring, 2018, the store will be located in Westfield Stratford City. The third UK Arket store opening comes after the brand’s debut... Continue Reading →

Souq.com launches Amazon Global Store

New store brings over one million global products to the UAE E-commerce giant Souq.com has launched Amazon Global Store, which allows customers in the UAE to choose from over one million products from US-based Amazon.com, in Arabic or English, and pay in AED. Several payment methods including cash on delivery is available, while product categories... Continue Reading →

Azadea to open 11 new stores at $1.2bn UAE mall

Premier lifestyle retail company Azadea Group has joined hands with Kuwait-based Al Farwaniya Property Developments to open 11 new stores at the $1.2-billion Reem Mall, Abu Dhabi’s new entertainment, dining and shopping destination, located on Reem Island. Al Farwaniya Property Developments is a joint venture between Agility, Agility-affiliate United Projects for Aviation Services Company (UPAC),... Continue Reading →

South African Retail Tycoon Loses Billionaire Status Amid Accounting Crisis

Christo Wiese. Photographer: Waldo Swiegers/Bloomberg South African retail tycoon Christo Wiese dropped from the billionaire ranks earlier on Thursday after the stock of Steinhoff International Holdings, the retail conglomerate where Wiese serves as the chairman, fell 80% in the course of two days. The company’s shares plunged after its CEO, Markus Jooste, resigned due to accounting irregularities,... Continue Reading →

Thomas Cook to close 50 high street shops

Thomas Cook has announced it plans to close high street branches. PIC: Lewis Stickley/PA Wire Travel giant Thomas Cook is to close 50 high street shops, putting 400 jobs at risk, just weeks before Christmas. The closures will affect Thomas Cook and Co-operative Travel branded stores and will take place between now and March 2018.... Continue Reading →

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