JOHANNESBURG, Aug 30 (Reuters) - South African retailer Woolworths (WHLJ.J), (WOW.AX) said on Wednesday it planned to spend 10 billion rand ($538 million) in capital expenditure over the next three years as it seeks to strengthen margins. The capex will be aimed at capacity enhancement and improved customer experience, the food and fashion retailer's Head... Continue Reading →

Image Courtesy: https://www.retailgazette.co.uk/ Superdry boss Julian Dunkerton has warned Oxford Street “needs serious help” after the busy road has been left in disarray from the rise of American Candy Stores and empty shop units. The chief executive stated that if the street is to continue to be one of the top shopping avenues in the... Continue Reading →

Boots is set to open its first-ever beauty-only store inside Battersea Power Station later this year. The 11,200sq ft beauty studio will showcase over 250 brands across cosmetics, skincare and haircare, as well as several new UK-exclusive brands and ranges from diverse and female-owned brands. The new location comes at Boots continues to invest in its beauty... Continue Reading →

Clintons is set to shut 38 of its cards shops in efforts to avoid insolvency and total collapse. According to the Evening Standard, an insolvency court approved a restructuring plan, meaning the company can rent the 38 unprofitable stores at risk of shutting and pay lower business rates. The business plan, presented by FRP Advisory and... Continue Reading →

FASHION RETAIL NEWS UK Primark is to open a new store at Glasgow Fort – its fourth in Glasgow and its 21stin Scotland. The new store, set to open by early 2025, will have around 33,000 sq ft of retail space across two floors, and will offer a variety of much-loved Primark basics and trending... Continue Reading →

HMV owner Doug Putman has made a last-minute attempt to rescue parts of fallen retailer Wilko. The retail boss is understood to have been engaged in talks with the discount retailer’s administrators from PwC, according to The Times. The offer could rescue 3,000 to 4,000 jobs, as well as roughly half of its 400 stores. However, the... Continue Reading →

(Alliance News) - B&M European Value Retail SA is in talks with administrators to acquire up to 50 stores of the failed Wilko chain, Sky News reported late Wednesday. Wilko administrator PricewaterhouseCoopers is in talks to divide up parts of the household goods and homewares seller's 400 store estate. B&M is mulling taking on between... Continue Reading →

LONDON, Aug 23 (Reuters) - The majority of British homeware and household goods discount retailer Wilko's stores are to close in the coming days after a purchase fell through, the GMB trade union said following a meeting with administrators on Wednesday. The family-owned retailer said earlier this month it had fallen into administration, putting its 400 stores... Continue Reading →

Alphabet Inc. is planning to open a Google Store in Boston, according to sources familiar with the company’s plans, a move that would make Boston one of the first in the world to host a retail location from the technology giant. Google’s first retail store, pictured, is in New York City. Alphabet Inc. is planning... Continue Reading →

House of Fraser owner Frasers Group will close two more of its department stores over the next month as the retail titan continues to focus on its Sports Direct and Flannels flagships. House of Fraser will close the doors to its store in Solihull on 28 August and its branch in Guildford on 30 September. In the... Continue Reading →

LEGO store aan de Spuistraat in Den Haag, 26 oktober 2022. Foto Photo Republic / Marco De Swart Lego is set to open its second store in Manchester this winter as part of its ongoing retail expansion across the country. The 267sqm space, located inside the Trafford Centre, will feature the toy retailer’s extensive product... Continue Reading →

Qatar’s sovereign wealth fund is investing $1 billion in Reliance Retail as India’s largest retail chain looks to expand its operations and enter new categories. The Qatar Investment Authority’s check will secure it a 0.99% stake in Reliance Retail Ventures, valuing the Indian company at $100 billion. Reliance Retail — which operates 18,500 stores and... Continue Reading →

Waitrose is offering shoppers a lunchtime meal deal for the first time, which will include a main, side and drink for £5, The Grocer reports. The premium grocer‘s food-to-go offer will feature a selection of sandwiches, sushi, salads, and wraps, as well as fruit, cereal bars, juices and smoothies. It will launch in stores from 30 August. The... Continue Reading →

Marks & Spencer has opened the doors to its newly-relocated 70,000 sq ft Liverpool store after relocating its Church Street location, creating over 70 new jobs. The two floor store in the former Debenhams retail unit on South John Street. The store is around 70% smaller than the 250,000 sq ft space that it traded from on... Continue Reading →

Paris Saint-Germain football club (PSG) is set to open its first physical store in the UK on 393 Oxford Street. Taking over a former American Candy store and located next to footwear retailer Office, PSG signage has gone up on the windows of the property with the text ‘opening soon’. It is thought to be the first overseas... Continue Reading →

The billionaire owners of Asda and petrol forecourt giant EG Group have sold dozens of convenience stores in the US in a bid to combat its piling debt. The Issa brothers have offloaded 63 sites in Kentucky and Tennessee to US-listed Casey’s General Stores. They said that the new owner is expected to retain the impacted employees... Continue Reading →

Harvey Nichols boss Manju Malhotra has resigned from her post after 25 years at the luxury department store. Malhotra was promoted to chief executive in January 2020 and will leave the business at the end of the year. She will be replaced by Pearson Poon, the son of Sir Dickson Poon who has owned Harvey... Continue Reading →

Dua Lipa walks the runway at the Versace fashion show during the Milan Fashion Week in 2022 The company that owns Versace is being bought by the luxury goods group Tapestry in a deal worth $8.5bn (£6.7bn). Capri Holdings, which also owns Michael Kors and Jimmy Choo, is being taken over by Tapestry whose own... Continue Reading →

Selfridges has unveiled plans to make staff cuts across some of its shops and head office. According to This is Money, the department store’s managing director Andrew Keith informed workers changes would be made to some teams under an “efficiency restructure”. In a letter seen by the news outlet, Keith told staff: “We’ve been reviewing how Head Office including... Continue Reading →

Wilko, the High Street homeware retailer, has collapsed into administration after failing to secure a rescue deal. The chain has so far been unable to find enough emergency investment to save its 400 shops and 12,500 workers. The stores will stay open for now, without any immediate job losses, and staff will continue to be... Continue Reading →

The UK retail sales totalled £87.7 million in FY23, slightly down from £88.5 million in FY22. The first half of the year saw some impacts from the broader economic environment, but performance improved in the latter half of the year. Asia Pacific retail sales showed resilience, increasing by 3 per cent to £28.9 million, despite... Continue Reading →

JD Sports has exercised its right to acquired the remaining 40 per cent shares it didn’t already own in Poland-based Marketing Investment Group (MIG) saying the deal will accelerate the development of JD in Central and Eastern Europe. In April 2021, UK Sports plc purchased a 60 per cent ownership in MIG. Since then, it... Continue Reading →

Superdry has secured up to £25m in funding from restructuring specialist Hilco Capital to help power its turnaround plan. The fashion retailer said on Monday it had agreed a secondary facility on top of its existing £80m asset-backed loan with Bantry Bay Capital. The agreement with Hilco is for a 12-month term with the option to extend, and... Continue Reading →

According to the latest annual report on the clothing sector, Zara is the UK’s most prominent clothing brand in 2023. The report, conducted by Salience Search Marketing, analysed 11 crucial performance indicators, including year-on-year visibility, search volume trends, and brand awareness, for over 300 clothing brands to reveal the names dominating the industry. Top five prominent UK... Continue Reading →

Works at the M&S Newcastle store, which has been a fixture of the city’s high street since it first opened its doors in 1932, will begin this month. The redesign will be carried out in stages so the store can stay open, serving customers as normal throughout, with the new Foodhall expected to be fully... Continue Reading →

Clintons Card prepares to shut 38 stores to avoid going bust - what we know Clintons is preparing to close 38 of its card shops with the hope of saving the retailer from insolvency. The card shop has reportedly brought in advisers to work on a debt-for-equity deal as it continues to battle “acute financial... Continue Reading →

Iconic London department store Harrods will open a new private members club in Shanghai, the first of its kind outside the UK, in a bid to tap resilient demand from ultra-wealthy Chinese amid a slowing recovery in consumption. The new club, called The Residence, will open at the end of this year on the second floor of... Continue Reading →

M&S has announced a revamp of its Newcastle city centre store as it invests £13m in its North East stores. The renovation of the Northumberland Street store will include a fresh-market style foodhall as well as a new clothing, home & beauty department. Works at the store are due to start this month, and will be... Continue Reading →

Greggs has posted a rise in sales and 14% boost in first-half profits as it maintained its full year guidance amid easing inflation. Following ‘strong trading momentum’, the bakery retailer’s pre-tax profit hit £80m for the 26 weeks to July 1 2023, up from £55.8m during the same period last year. Total sales increased to £844m from... Continue Reading →