Department store group Debenhams is planning to cut 320 store management jobs as it tries to drive down costs. The retailer said last month it was stepping up cost-cutting plans after it issued a profit warning following disappointing trading over Christmas. Many traditional retailers are struggling to cope the challenge of the shift towards shopping... Continue Reading →
Mr Price store at the Junction in Nairobi. file PHOTO | NMG South Africa-based Mr Price Group has taken direct control of its Kenya business after reclaiming its franchise from fashion apparel retailer Deacons East Africa. The two firms on Thursday announced that Mr Price will from April 1 assume the operations of its 11... Continue Reading →
The supermarket giant said the shake-up is part of a restructure which would see more customer service staff and fewer managers Morrisons is to axe 1,500 shop floor workers as it becomes the latest supermarket to announce large-scale job cuts. The supermarket giant said the shake-up is part of a restructure which would see more... Continue Reading →
The last time H&M was this low global financial markets were in crisis, Angelina Jolie was popularizing the maxi dress, and Zara didn’t even sell clothing online. Shares fell as much as 9.1 percent to a nine-year low Wednesday in Stockholm. Hennes & Mauritz AB have lost more than a quarter of its value in... Continue Reading →
Top Italian beauty brand Korff Milano enters UAE UAE Business • • • • Korff Milano, a leading Italian company known for its upmarket beauty solutions in the pharmaceutical industry, has announced its foray into the UAE market in partnership with BinSina Pharmacies. The premier European make-up brand marked its UAE debut with an exclusive... Continue Reading →
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