Wishing all our readers a Happy New Year
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 →
CHANEL to open six new flagship stores in 2018
Dec 11, 2017 “2018 will be the year of flagships, six of them, either brand new stores or major re-openings, which will be very impactful,” says Bruno Pavlovsky, the president of Chanel’s fashion and accessories divisions. And the destinations are all major ones. From New York, a new boutique on 57th street to a new... Continue Reading →
Spinneys to open 18 new UAE stores by 2020
New CEO Matt Frost said Spinneys has invested $48 million in new headquarters that will feature flagship store Spinneys will open 18 new outlets as part of an expansion in UAE by 2020, according to incoming CEO Matt Frost. Frost, who replaces current CEO Jannie Holtzhausen on January 3, said that the 18 stores will... Continue Reading →
Westfield London signs 70,000sq ft Primark store
Primark is set to take a 70,000sq ft store in Westfield London’s new 740,000sq ft expansion that is expected to open next summer. The store will be the second largest in the shopping centre’s £600 million expansion, after John Lewis’s 230,000sq ft anchor. After the new extension is opened to the public, Westfield London is... 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 →
Retailers brace as Amazon launches in Australia
The arrival of Amazon in Australia poses a threat to a market already grappling with weak consumer confidence amid tepid wages growth© AFP/File LEON NEAL US internet giant Amazon launched in Australia Tuesday in time for Christmas, with retailers scrambling to cut costs and boost their online offerings as they brace for an expected shake-up... Continue Reading →
The world’s biggest Starbucks just opened in China
Starbucks is going venti in China. The Seattle-based coffee company opened a 30,000-square-foot store in Shanghai on Tuesday. It's the first Starbucks Reserve Roastery -- the company's new retail offering -- outside the U.S. It's also the largest Starbucks in the world, spanning an area nearly twice as large as the next biggest, a Roastery... Continue Reading →
Toys ‘R’ Us prepares to shut a quarter of its 105 UK stores
• News comes ahead of the busy Christmas period, a crucial time for high street • Stores will remain open during the Christmas period and into the New Year • In September, the company’s US arm filed for bankruptcy protection Toys R Us is preparing to shut a quarter of its UK stores, with the... 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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