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.
Indian government wins crucial vote for foreign retail expansion Wednesday, 5th December 2012
India’s government on Wednesday won a controversial vote in parliament that will allow the country to open its retail sector to foreign competition. After two days of debates, MPs in India’s Lok Sabha (lower house) approved the plan to allow foreign investment of up to 51 per cent in multi-brand retail.
Clinton Lewin prepares to launch new card concept store iCandy Tuesday, 4th December 2012
Clinton Lewin, managing director of Clinton Cards, is preparing to launch a brand new card and gift store concept, iCandy, in time for peak Christmas trading. The son of Clinton Cards founder Don Lewin, Clinton Lewin will open two new iCandy stores before Christmas, with another five planned by February 2013.
Majestic Wine profits up 3.9% Monday, 19th November 2012
Half-year profits at Majestic Wine were up 3.9 per cent in the six months to 1 October, compared with results a year before. The retailer also saw a “substantial” rise in customers registered to its database who made a purchase in the last 12 months. New customer numbers rose by 11.2 per cent since October 2011, with shoppers paying an average of £7.46 per bottle, up from £7.13 the year before.
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 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 industry retail property retailer sale sales supermarket waitrose