Saudi Arabian retail franchise specialist Fawaz Abdulaziz Alhokair has revealed plans to open nearly 250 stores at home and overseas this financial year, as its domestic market goes from strength to strength.
Waitrose has announced it will continue to roll-out its convenience store, little Waitrose format stores over the next year, creating up to 650 new roles at the retailer. The grocer says it plans to increase its presence in the next 12 months through at least ten new little Waitrose shops.
The world’s third largest consumer goods company on Tuesday revealed it will be expanding further into emerging markets. Speaking to the BBC’s Jonathan Head, Unilever chief executive Paul Polman said he wanted the company to expand into new markets, strengthening the company’s name as a universal brand.
Sir Philip Green’s Arcadia Group is said to be in talks to expand its presence in the US after the initial success of its stateside Topshop stores. WWD reported Arcadia this week unveiled its first US “group preview” of its Miss Selfridge, Dorothy Perkins, Evans and Wallis brands in Manhattan.
Inter IKEA, a development company closely tied to the Swedish furniture retailer, is said to be looking for new locations for Chinese shopping malls as it moves to complete USD 1.6 billion in existing projects. According to a report by the Wall Street Journal, Inter IKEA Centre Group is now considering a number of affluent Chinese cities, including Beijing, Shanghai and Guangzhou for potential locations for new malls.
New report from CBRE lists Hong Kong as the world’s hottest retail market, with 51 new retailers entering the market in 2012. The property consultants found Kiev and Berlin made second and third place, while Singapore came in joint fourth place with Dubai, with 25 new retailers choosing the emirate to launch new stores.
Full-year sales rose 22 per cent for Costa to break the £1 billion sales mark, as the coffee house revealed ambitious expansion plans to compete with rivals. Costa Coffee on Tuesday announced a 22 per cent rise in sales for the year March, with sales in UK stores excluding franchised outlets rising 24 per cent to £592 million.
Online sales generated by UK retailers from international markets are expected to generate £28 billion by 2020, according to new research released on Tuesday. The report, by OC&C Strategy Consultants in collaboration with Google, predicts that international online sales will soon outpace domestic ones to make up 40 per cent of total online sales by 2020.
Costa Coffee owner Whitbread is reportedly on the hunt for high street stores in Paris as it looks to expand the chain’s presence across the Channel. The coffee chain, which is the second largest in the world behind Starbucks and the largest in the UK, has been running outlets at a number of travel hubs across Spain, Portugal and the Gare de Lyon rail station in Paris to help test interest in the brand on the continent.
Reiss is set to open five to seven stores in India over the next three years, under a new deal with Mumbai-based retailer Reliance Brands. According to the Times of India, the long-term franchise agreement will see Reiss join a number of international labels in Reliance Brands' portfolio, which includes Diesel, Kenneth Cole and Zegna.
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