IKEA developer presses on with Chinese expansion Thursday, 6th June 2013
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.
Hong Kong tops world’s ‘hottest’ retail markets Tuesday, 21st May 2013
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.
Costa Coffee tops £1bn annual sales Wednesday, 1st May 2013
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.
Overseas online sales to generate £28bn for British retailers by 2020 Tuesday, 30th April 2013
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.
Is Costa Coffee preparing a Parisian expansion? Thursday, 25th April 2013
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 to expand into India with Reliance Brands Monday, 15th April 2013
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.
Missoni announces expansion into New Delhi, Hong Kong, and Middle East Saturday, 13th April 2013
The historic fashion house of Missoni this week celebrated the relaunch of its flagship store in Milan’s Via Sant’Andrea in time for Milan Design Week and the Salone del Mobile. The 400 square metre Missoni store featured a new interior concept designed by well-known architect Patricia Urquiola, with the aim of reflecting the spirit of the Varese fashion house famed for its iconic prints, clothing, homewear and lifestyle hotels.
H&M reports unexpected fall in Q4 profits Wednesday, 30th January 2013
Hennes & Mauritz has reported an unexpected fall in quarterly profits as the retailer made a number of “necessary and wise” long-term investments in its operations. As the world’s second-biggest apparel group, H&M has come under pressure to compete with leader Inditex in the race for market share as both expand globally.
Austerity chic: Ikea reports record profits thanks to value-driven designs Wednesday, 23rd January 2013
Ikea posted record net profits for the year on Wednesday, as shoppers continued to flock to the low-cost furniture retailer. Net profit rose 8 per cent to EUR 3.2 billion in the 12 months to last August, as Ikea remained relatively resilient to the economic downturns felt across the globe.
Lakeland announces £10m expansion Tuesday, 8th January 2013
Lakeland's Stratford City store. Kitchenware specialist Lakeland on Tuesday announced a £10 million investment to expand its distribution centre. According to ITV News, the Cumbrian firm has said the planned expansion could create around 600 new jobs, as well as a bevy of new stores for the retailer.
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