Accessories Amazon Asda Christmas Expansion & Franchise Fashion HR News High Street John Lewis London Marks & Spencer Media News Results Retail Retail and Consumer Industry Retail news Sainsbury's Store Tesco UK brand china consumer deal deals and rumours department department stores e-commerce electricals expansion fashion news food grocer group launch luxury morrisons my online online retail people profit property retail property retailer sale sales supermarket waitrose
Ralph Lauren steps up China expansion Wednesday, 23rd May 2012
The American retailer is planning to open 60 stores in China over the next three years, with the first 15 units planned to open in Beijing, Shanghai and Hong Kong in the autumn.
Victoria Beckham eyes first London fashion store Tuesday, 22nd May 2012
Victoria Beckham is planning to expand her fashion empire with an e-commerce store as well as a bricks-and-mortar presence in London.
Speaking on CNN, Victoria explained: “People say, 'Am I going to have my own store?' I would love to. That's what I'm working on at the moment.”
Adding: “It would probably be in London, but in the not too distant future maybe it will be Hong Kong. Who knows?”
The Victoria Beckham brand generates sales in excess of £15 million in 2011, and was up by 70 per cent on the year before.
Starbucks records £32m loss Monday, 21st May 2012
Photo credit: Starbucks press office
High rents and large royalty payments to its US parent company have led to losses at the UK arm of Starbucks.
The coffee chain made a loss of £32.9 million for the year to last September.
The company last made a profit in the UK in 2006.
Kris Engskov, the UK managing director, said the company is closing, or relocating, less profitable outlets in an effort to improve its bottom line.
Lingerie brands flock to London Monday, 21st May 2012
Photo credit: Victoria's Secret ad
The lingerie market is to benefit from a boost in business this summer as famous brands from the sector expand into the UK.
Victoria’s Secret will open a store on New Bond Street on 15 July followed by another in Stratford City the next day.
Agent Provocateur has hired Harper Dennis Hobbs to search for 50 new stores for the chain across the UK and Europe over the next five years. The lingerie chain is currently reviewing its six London outlets and may relocate some of them as well as opening new sites.
Carphone Warehouse eyes international expansion Thursday, 10th May 2012
Photo credit: Carphone Warehouse press office
Carphone Warehouse is reportedly seeking international partners to aid its expansion outside Britain and France where economic growth is strained, at best.
The telecommunications retailer has said that weakness in the pre-pay mobile phone market had hit fourth-quarter sales, causing like-for-like revenue to dip 5.5 per cent.
The firm has stressed it will still meet forecasts for 2011/12 earnings.
Carphone Warehouse is now looking to expand in China, South America and Eastern Europe.
According to Reuters, the company is now planning to open 14 Best Buy Mobile SWAS stores in Best Buy’s China branded stores.
Carphone Warehouse said in November that full year operating profit would be at the lower end of a £135 million to £150 million forecast – flat compared to the previous year.
On Wednesday the firm said sales at Carphone Warehouse stores in Europe fell 5.5 per cent in the three months to the end of March.
"We estimate that the overall prepay market in Q4 was down 30-40 per cent in the UK, similar to Q3, driven by a lack of attractively-priced smart phone products in this segment, and a weak consumer environment," the company said in a statement.
Gossip Girl stars open pair of Harry Winston stores Monday, 30th April 2012
Harry Winston has opened a pair of new stores in Shanghai with the help of Gossip Girl stars Leighton Meester and Ed Westwick.
One of the stores is the largest Harry Winston standalone store in the world.
Uniqlo steps up UK expansion despite losses Monday, 23rd April 2012
Photo credit: Uniqlo campaign
Japanese fashion retailer Uniqlo is set to push ahead with plans to expand in the UK despite making losses totalling almost £10 million last year.
The chain is also planning to open a London-based global flagship store, on top of the 12 shops it currently has in the capital.
Uniqlo posted a UK loss to £9.74 million for the year to 31 August, following losses of £739,387 the previous year. Turnover dipped 0.7 per cent to £63.7 million.
Tommy Hilfiger to open Tokyo statement store Monday, 16th April 2012
Photo credit: Tommy Hilfiger S/S 2012 campaign
American fashion retailer Tommy Hilfiger is to open an 11,000 square foot store at the intersection of Omotesando and Meiji Dori – two of Japan’s busiest streets.
The store is filled with American-themed memorabilia, including an authentic New York fire escape, vintage metal signs and subway turnstiles.
“The brand’s visibility in the market was a little bit underinvested, and that’s what we’re now trying to correct,” Fred Gehring, global chief executive of Tommy Hilfiger, told WWD.
Boohoo.com kicks of international expansion Tuesday, 10th April 2012
Photo credit: BooHoo.com campaign
Boohoo.com has announced plans to sell its products to American, Canadian and Australia in their respective currencies.
The e-tailer said it labelled the territories as “key areas for expansion with more to follow”.
The Manchester-based brand already provides European customers with the ability to pay with Euros.
Pret a Manger to create 550 UK jobs Tuesday, 3rd April 2012
Photo credit: PR Week
Pret a Manger is to create 550 jobs throughout the UK this year as the sandwich chain steps up its expansion plans.
Pret is planning to open 44 stores in 2012, 20 of which will be located overseas.
Sales at the company recently rose 15 per cent last year to £377.3 million.