One of the USA’s biggest retail brands is coming to South Africa

Millat Convenience, a subsidiary of Millat Group, has announced that it will be bringing convenience retail brand Circle K to South Africa – with its first store set to open in Gauteng in October 2022. Millat has entered into a Master Licence Agreement with the Canada-based convenience store operator, Alimentation Couche-Tard Inc, to bring the... Continue Reading →

UK’s Burberry CO & FO Julie Brown resigns

“On behalf of the board, I would like to thank Julie for her very significant contribution to Burberry’s transformation, including her central role in delivering our sustainability ambitions. Julie has built a strong financial base for the next chapter of Burberry’s growth under Jonathan’s leadership,” Burberry chairperson Gerry Murphy said in a press release by Burberry. “Julie... Continue Reading →

Joules hires ex-John Lewis director as CEO

New Joules CEO Jonathon Brown Joules has hired former John Lewis omnichannel director Jonathon Brown as CEO. Brown, who was most recently CEO of Compare The Market, will replace Nick Jones, who revealed he would stand down earlier this year.  Brown will become CEO designate on 7 September before taking over on 30 September. The retailer... Continue Reading →

M&S named official tailor of England football teams

UK’s Marks & Spencer (M&S) has announced that it is the official tailor to the England senior men’s and women’s football teams. Spanning three years, the partnership builds on the retailer’s longstanding relationship with The Football Association, dating back to 2007 when M&S became the Official Suit Supplier to the England Senior Men’s Team. The in-house designed collections will... Continue Reading →

Starbucks explores sale of UK business

Starbucks is eyeing a sale of its UK business // Starbucks are understood to have hired adviser Houlihan Lokey to assess interest in buying the coffee giant’s UK business // The coffee chain has been facing increased costs and competition in the UK Starbucks is exploring a sale of its UK business as costs rocket and... Continue Reading →

Two of LEGO's first UK airport stores opens at Gatwick, alongside new Kidstop pop-up and return of Ted Baker and Itsu Gatwick Airport has announced two new retail offers for passengers, with LEGO stores and a Kidstop pop-up opening ahead of the school summer holidays. World famous construction toy brand, LEGO, opened a store in... Continue Reading →

66ºNorth to open UK flagship this autumn

Icelandic B Corp outerwear brand 66ºNorth has announced it is opening its first UK flagship on Regent Street in London. Slated to open in the second week of September, the 3,500-square-foot store will mark 66ºNorth's first outside of Iceland and Denmark and will showcase its technical outerwear, apparel and accessories for men and women. 66ºNorth... Continue Reading →

Amazon’s new retail CEO makes clear his top priority in first email to employees. Read the full memo here.

Amazon's retail CEO Doug Herrington Amazon's new retail CEO Doug Herrington wrote his first email to employees on Tuesday outlining his plans as head of worldwide stores.Herrington emphasized working more closely with Amazon's operations unit as a top priority.He replaces Dave Clark, who abruptly resigned last month. Amazon promoted longtime executive Doug Herrington to CEO of Worldwide... Continue Reading →

UK Abercrombie & Fitch stores get same-day delivery option

As consumer expectations of delivery times get more and more demanding, Abercrombie & Fitch has expanded its same-day delivery option to most of its UK stores.Photo: Sandra Halliday  That means 30+ branches that are able to fulfil orders from the Abercrombie & Fitch (including Abercrombie Kids), Hollister, Social Tourist and Gilly Hicks webstores.The American company is working with logistics firms... Continue Reading →

S.African retailer Mr Price annual earnings jump on rebound from COVID lows

JOHANNESBURG (Reuters) -South African retailer Mr Price Group Ltd posted a 20.1% jump in full-year earnings on Thursday, as consumers coming out of the COVID-19 lockdowns revamped their wardrobes and homes, with acquisitions adding a boost. The largely budget clothing and homeware retailer has benefited from its lower-price model, which continues to attract financially constrained... Continue Reading →

Dubai’s Retail Giant Majid Al Futtaim Accepts Crypto at 29 Shopping Malls and 13 Hotels in Partnership With Binance

Leading shopping mall operator Majid Al Futtaim has partnered with Binance to accept cryptocurrencies at its malls and other properties. “Majid Al Futtaim is one of the most prestigious businesses in the Middle East and has millions of customers every year,” said the CEO of Binance. Majid Al Futtaim, a leading operator of shopping malls,... Continue Reading →

Funding boost for UK’s franchising sector

HSBC launch their latest significant financial support for the country’s SMEs. HSBC’s ongoing support for the UK franchising industry has been further boosted by the news that the global banking giant has made available an extra £500m of funding for businesses across the country. Since launching their UK SME Fund in 2014, HSBC has loaned... Continue Reading →

Mike Ashley’s Frasers Group buys Missguided for £20m

Frasers Group has bought Missguided // Frasers Group has bought Missguided out of administration for £20m // The Sports Direct-owner will operate Missguided as a separate business Frasers Group has bought Missguided out of administration for £20million, beating off competition from Boohoo. The retail group has also bought Missguided owned menswear site Mennace. It plans to operate... Continue Reading →

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