Coronavirus: The Range named “worst of British” business for staying open

Coronavirus: The Range named "worst of British" business for staying open The Range has faced criticism for remaining open amid the coronavirus pandemic. The retailer, which has 180 stores across the country, sells home, leisure and garden items, was “classified as an essential retailer” because it sells food, pet food and toilet rolls. One council... Continue Reading →

Boots and Matalan among firms targeted over unpaid rents

Commercial property landlords are starting to tighten the screw on retailers including Boots and Matalan for failing to pay overdue rent, in some cases starting legal action to reclaim money they are owed. Boots, which has continued to trade throughout the lockdown, has been criticised with other businesses, including Travelodge, for refusing to pay second quarter rent,... Continue Reading →

Debenhams to cut 320 store management jobs

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 →

Top franchising trends for 2018

©Ian Allenden via 123RF The franchising industry has steadily shown adaptability to the tough economy by growing the sector 3,6% over the past four years – from contributing an estimated 9,7% to the country’s GDP in 2014 to its recent figure of 13,3%. This trend is expected to continue on the same trajectory in the... Continue Reading →

Superdry Sport to design Invictus UK team kit for next year’s Games as agreed a deal to design and provide free bespoke technical sports kit and team clothing for UK Team competitors and supporters at next year’s Invictus Games. Invictus Games Toronto 2017, UK Team supported by Help for Heroes Under the deal, Superdry Sport’s... Continue Reading →

Nyden: H&M’s new affordable luxury brand

Introducing Nyden: H&M’s new affordable luxury brand H&M has announced it will be adding another brand to its portfolio in early 2018 aimed at millennials and co-created with “influencers”. The first /Nyden influencers will include Instagram-famous tattoo artist Doctor Woo and Swedish actress Noomi Rapace. The aim of working with influencers is to ensure the... Continue Reading →

Co-op to open 100 new stores in 2018

Co-op to open 100 new stores in 2018 as it continues expansion The Co-op has confirmed plans to open 100 new stores across the UK this year, creating an estimated 1,600 jobs, as part of a continued drive to expand its footprint across the country. The retailer is spending more than £160m on new store launches, with more than... Continue Reading →

Hamleys opens biggest store

Hamleys opens biggest store on the planet British toy giant Hamleys has opened its largest worldwide flagship store in Beijing spanning over 115,000sq ft. The 257-year-old store opened the doors its new location just two days before Christmas, accompanied by an exclusive parade to mark the occasion. The British ambassador Barbara Woodward and Sanpower chairman... Continue Reading →

Apple to open first Saudi stores

US giant Apple said to be in talks to open first Saudi stores Tech major is reportedly in licensing talks with Riyadh; first Apple store could open in 2019 US tech giant Apple is reportedly in licensing talks with Saudi Arabia with a view to open its first stores in the Gulf kingdom. The maker... Continue Reading →

Poundworld loses CEO

Gerry Gray,  who had held the role of chief executive at Poundworld for almost two years following a long career with Tesco,  has resigned and left the business. Steve Johnson, executive chairman,  is assuming the role until a permanent appointment can be made.

Arket to open third store in London

H&M’s Group newest brand, Arket, is set to open its third store in London next spring as the Swedish retail group continues to roll out its latest store concept. Set to open in spring, 2018, the store will be located in Westfield Stratford City. The third UK Arket store opening comes after the brand’s debut... Continue Reading →

Souq.com launches Amazon Global Store

New store brings over one million global products to the UAE E-commerce giant Souq.com has launched Amazon Global Store, which allows customers in the UAE to choose from over one million products from US-based Amazon.com, in Arabic or English, and pay in AED. Several payment methods including cash on delivery is available, while product categories... Continue Reading →

Azadea to open 11 new stores at $1.2bn UAE mall

Premier lifestyle retail company Azadea Group has joined hands with Kuwait-based Al Farwaniya Property Developments to open 11 new stores at the $1.2-billion Reem Mall, Abu Dhabi’s new entertainment, dining and shopping destination, located on Reem Island. Al Farwaniya Property Developments is a joint venture between Agility, Agility-affiliate United Projects for Aviation Services Company (UPAC),... Continue Reading →

South African Retail Tycoon Loses Billionaire Status Amid Accounting Crisis

Christo Wiese. Photographer: Waldo Swiegers/Bloomberg South African retail tycoon Christo Wiese dropped from the billionaire ranks earlier on Thursday after the stock of Steinhoff International Holdings, the retail conglomerate where Wiese serves as the chairman, fell 80% in the course of two days. The company’s shares plunged after its CEO, Markus Jooste, resigned due to accounting irregularities,... Continue Reading →

Thomas Cook to close 50 high street shops

Thomas Cook has announced it plans to close high street branches. PIC: Lewis Stickley/PA Wire Travel giant Thomas Cook is to close 50 high street shops, putting 400 jobs at risk, just weeks before Christmas. The closures will affect Thomas Cook and Co-operative Travel branded stores and will take place between now and March 2018.... Continue Reading →

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