Reebok to open 500 FitHub stores in China by 2020

London - Reebok is set to expand its presence in China by opening 500 FitHub stores across the country by 2020, as part of its wider strategy to become the leading sportswear brand in the region. The move sees the footwear and fitness label, held by Adidas Group, go head to head with US rival... Continue Reading →

Kuwait’s Kamco buys Amazon’s UK warehouse

Kuwait-based Kamco Investment Company on Sunday said it has purchased Amazon UK’s largest distribution warehouse for $77 million (AED281m). The warehouse in Dunfermline, Scotland, has been leased to Amazon UK Services until October 2031. Amazon employs 2,100 staff at the warehouse, which handles 38 percent of the 143 million packages that e-retailer handles per annum.... Continue Reading →

Maplin unveils new smart store concept

Technology retailer Maplin has unveiled a new store concept in Cambridge, allowing customers to fully engage with the latest Smart Home technology. The 290 sq m space at the Beehive Shopping Centre has been designed in distinct departments to showcase the benefits of, and allow interaction with, smart technology for the home. Design consultancy 20.20's... Continue Reading →

White Company set to enter US with New York store

There are plans to open more stores in malls across New York state, New Jersey and Connecticut. The retailer reported “significant growth” in the second year of its US ecommerce business in its last full-year. It unveiled surging profits against strong comparables despite a “difficult trading environment”. Pre-tax profits, excluding exceptional items, were up 50%... Continue Reading →

UK Retail Sales for Amazon Approaching 10 Billion Dollars March 19, 2017 The United Kingdom is the world’s sixth largest economy, with a retail market estimated at $358 billion for 2016. As one of the world’s oldest and most mature economies, the UK will not grow at a rapid pace, certainly not with Brexit waiting... Continue Reading →

Gap opens new concept store at Bluewater

The 10,000 square foot store on Bluewater’s lower Rose Gallery is situated next to the forthcoming Missguided shop, which is set to launch this summer. Created by an in-house team, the new shop is the first of a new breed of UK concept stores for the fashion brand and includes women’s, men’s, kids and baby... Continue Reading →

Mothercare hires new non-exec director

Kent was chief executive of real estate portal Propertyfinder until its acquisition by Zoopla, and also spent 15 years with Microsoft including three years as managing director of MSN UK. She currently holds non-executive director roles at Pendragon, National Accident Helpline Group, Ascential, Coull and No Agent Technologies. Kent will serve on the Audit and... Continue Reading →

Banana Republic appoints new chief executive

Banana Republic appoints new chief executive FASHION 16 March 2017 | by The Retail Bulletin Breitbard will report to Art Peck, president and chief executive of Gap, who will continue to directly oversee Banana Republic until Breitbard joins the company in early May. Click here Peck said: “Mark brings significant retail leadership experience to Gap... Continue Reading →

Trafford Park site sold for £5m The property was purchased by The Schroders MLIPUT for £4,968,000, reflecting a net initial yield of 6.24 per cent. A Trafford Park industrial scheme has been sold for just short of £5m as investors – and occupiers – take advantage of the surge in shed values. B8 Real Estate,... Continue Reading →

John Lewis sales down 0.2% last week

Fashion sales rose by 1.4% as trade in the category was boosted by the popularity of the retailer’s own brand range Modern Rarity. In addition, sales of beauty, wellbeing and leisure products were up 11.2% as customers bought gifts for Valentine's Day. Electrical and home technology sales were also up, increasing by 0.4%. Growth was... Continue Reading →

Asda sales fall by 2.9% in fourth quarter

The fall marks an improvement for the Walmart owned company on the previous quarter when like-for-like sales dropped by 5.8%. Walmart president and chief executive Doug McMillon said Asda had faced challenges in the UK market in the past year which it is addressing “with urgency”. Sean Clarke, Asda president and chief executive, said the... Continue Reading →

Waitrose named the UK’s top supermarket

Waitrose has been named the UK's top supermarket in a new Which? Magazine survey of more than 7,000 shoppers. Shoppers were asked to rate stores based on drivers such as store appearance, ease of finding products and overall quality of fresh products. When it came to the online ranking, shoppers were asked about relevance of... Continue Reading →

Joules enjoys strong sales uplift

In the six months to 27 November, retail revenue was up 15.8% as ecommerce sales rose by 30.3% and store sales grew by 11.2%. The company also saw an uplift in wholesale revenue which climbed by 17.1%. International revenue increased by 39.3% and now represents 10.6% of group revenue. Meanwhile, underlying pre-tax profit rose by... Continue Reading →

Duke & Dexter launch first UK store

The shop at 16 Earlham Street specialises in premium loafers for men. Designed by both an in-house team and Dreambox, the store features a lounge area and coffee bar as well as a dedicated space where customers can create their own unique and embossed shoes. Duke & Dexter founder Archie Hewlett said: “Our heritage is... Continue Reading →

M&S may announce UK store closures

Following a day of difficult headlines for the retailer, Marks & Spencer is expected to close down dozens of UK stores. Sky News has reported that chief executive Steve Rowe may announce the closure of many UK stores, in an effort to turn around its financial troubles. It was also reported this morning that many... Continue Reading →

WH Smith grows full year profits by 8%

WH Smith has increased its full year pre-tax profit by 8% to £131 million following a strong performance from its travel business. In the year 31 August, group like-for-like sales edged up 1% with total group sales rising by 3% to £1.212 billion. The group’s travel business, which includes stores at airports and train stations,... Continue Reading →

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