LONDON, March 30 (Reuters) - Home furnishings retailer IKEA said on Wednesday it planned to close its store in Tottenham, north London later this year, impacting 450 workers. IKEA said it was committed to retaining as many affected workers as possible, noting it would create over 600 other jobs across the capital before the store... Continue Reading →

Bertina Engelbrecht, Clicks Group CEO (centre) at the opening of Clicks 800th store at Somerset Crossing Shopping Centre with (left to right) Vikash Singh (Clicks managing executive), Gift Jeffrey (Clicks area manager), Dhevan Pillay (Clicks chief store operations officer) and Musa Mkhwanazi (Clicks regional manager). Photo credit: Jaco Cilliers Photography. This rate of store expansion... Continue Reading →

“In October 2020, sales were starting to recover to pre-pandemic levels, when we were affected by further lockdowns," More than 800 jobs were shed by Timpson during its latest financial year after a “traumatic transformation” led to surging back into the black. The family-owned group founded in 1865, posted pre-tax profits of £24.5m for the 12... Continue Reading →

H&M will open its first UK outlet store this spring H&M will open its first outlet store in the UK at the Affinity centre, Staffordshire this spring. The fashion retailer will open a 7,000 sq ft store at Affinity Staffordshire, which will have “a lower volume of products which will be displayed in an inspirational way”.... Continue Reading →

The dedicated shops will offer best-selling toys and interactive play tables. M&S is launching Early Learning Centre ‘shop in shops’ in ten UK locations. Credit: © Marks and Spencer plc. British multinational retailer Marks & Spencer (M&S) has revealed plans to pilot Early Learning Centre ‘shop in shops’ in selected stores in the UK. The Early Learning... Continue Reading →

Anne Stych, Staff Writer, BizwomenMar 15, 2022, 10:29am EDT Gap has re-entered the British market via a partnership with the United Kingdom’s largest clothing retailer less than a year after closing all of its UK stores. Gap Inc. (NYSE: GPS) and Next Plc announced they have opened the first Gap-branded shop-in-shop within Next’s largest store in London's... Continue Reading →

The LEGO Group’s financial results for 2021 have revealed that nearly 20% of all LEGOstores around the world opened in 2021 alone. Anyone who thought that 2021 seemed like a busy year for LEGO store openings wasn’t crazy as the 2021 financial results for the company has revealed that just under 20%, specifically 19.8%, of all LEGO branded stores globally were... Continue Reading →

Trevor Mein To keep consumers engaged, more store designers are pushing the “wow” button. Everyone’s seen more McDonald’s than they can remember. But there’s one McDonald’s that, once they see it, they never forget. It’s in Sydney Airport’s Terminal 1, and it wasn’t conceived, at least not initially, to stop passengers and their Samsonites in their... Continue Reading →

Ted Baker has signed a new UK agreement with franchise company Aldrich Group. Under the new agreement, Aldrich Group plans to open a minimum of 30 stores across the UK for Ted Baker over the next ten years. Helen Costello, Ted Baker group commercial and business development director said of the partnership: "[Aldrich Group’s] experience... Continue Reading →

M&S hires co-chief executives // M&S has promoted Stuart Machin to chief executive and made Katie Bickerstaffe his co-chief executives as current boss Steve Rowe steps down // Machin will carry out the “day-to-day leadership” of M&S and with carry on leading food, operations, property, stores and technology, whilst Bickerstaffe will lead omnichannel, digital and data,... Continue Reading →

The supermarket’s owners reveal ambitious plans to take on their rival in their first interview since buying the chain More than 3,000 Asda store managers and head-office staff descended on the First Direct Arena in Leeds last Wednesday morning for a long-awaited briefing. They tucked into a buffet of bacon and sausage sandwiches and then... Continue Reading →

Woolworths Holdings has resumed its interim dividend despite reporting a 35.6% slump in half-year profit, as the South African retailer was badly affected by civil unrest at home and extended coronavirus lockdowns in Australia. The retailer also forecast annual turnover of 15 billion-16 billion rand (€930 million billion) by its 2024 financial year, up from... Continue Reading →

Alshaya Group, a global brand franchise operator, is set to help make Dubai Hills Mall the hottest new shopping destination in Dubai. Visitors to the mall, which opened recently, will discover an exciting range of family, fashion, health and beauty, and dining experiences, expertly curated by Alshaya to reflect the tranquil and modern surroundings of... Continue Reading →

The company said it expects to take an impairment charge due to the sale. TJX Companies, the parent company of discount lifestyle retailer TK Maxx, has announced it would sell its 25% stake in the Russian value retailer Familia following Moscow’s invasion of Ukraine. The group has also committed to stop sourcing goods from Russia and Belarus.... Continue Reading →

Amazon is trimming back its physical footprint by eliminating a couple of its brick-and-mortar banners. The company plans to close 68 brick-and-mortar stores, including its Amazon Books locations and Amazon 4-star locations, along with Amazon Pop Up sites. The news was first reported by Reuters. The closure dates, which are unspecified, will vary. "We’ve decided to close our Amazon... Continue Reading →