Plans to allow foreign businesses to invest in India’s lucrative retail sector have finally been cleared once more. It will be welcome news for multinational companies such as Walmart and Tesco, who are keen to tap into India’s burgeoning consumer climate. International firms will now be able to buy up to a 51 per cent stake in multi-brand retailers.
Swedish multinational company Hennes & Mauritz will open its first store south of the equator in Chile for early 2013. As the world’s second largest clothing retailer behind Inditex, H&M is thought to be keen to expand into new regions, after previously focusing its efforts on Asian and North American markets.
No need to spend hours deciphering an instruction manual for Ikea’s latest project. The world’s largest furniture retailer is thought to be developing a range of budget hotels across Europe. According to the Financial Times, Inter Ikea, the company that owns the trademark for the retailer is now considering more than 100 locations for the Swedish company, including sites in Britain, Holland, Poland and Germany.
Photo credit: Lend Lease Corp. New plans to extend Kent’s shopping centre by 375,000 sq ft could see Bluewater become the UK’s largest shopping centre. Bluewater owners Lend Lease will begin public consultation for the extension in September, with a full application submitted later this year.
A panoramic view of Bluewater Shopping Centre
The value-driven supermarket chain is set to add 3,000 new jobs in Britain over the next year as it continues to gain market share from rivals. Aldi, which operates over 9,000 stores worldwide, has said it will be hiring across all levels of its business as it looks to expand the number of outlets in the UK.
London’s Waterloo station on Tuesday opened its new balcony retail concept, as owners Network Rail look to improve passenger experience at one of Britain’s busiest stations. The 220m balcony, the longest of any British station, today opened seven of its stores, with Yo! Sushi, Fat Face, Hotel Chocolat, Links of London, Thomas Pink, Oliver Bonas and the first station outlet for Joules opening their doors to the public.
Sales of Fairtrade goods rose by 12 per cent in the UK for 2011, despite drastic cutbacks to consumer spending. Although many of the UK’s shoppers are looking to cut corners and bag a bargain for their weekly shop, signs that Fairtrade products are now a staple part of our baskets have become clear, as UK sales of Fairtrade items match the rate of global growth.
JD Sports has revealed details of its French expansion strategy as it adds another Parisian store to its portfolio. The sports retailer has leased a new store in the Bay 2 shopping centre in Paris, set to open in February 2013. Cushman & Wakefield have been given sole instruction for the company’s French expansion plans, with the major cities of Marseille, Strasbourg and Toulouse also said to be on the retailer’s roll-out hit list.
My-Wardrobe.com will launch French, German and Dutch-specific sites as the fashion e-tailer continues to expand across the globe. The online fashion retailer has revealed that the new sites will provide a ‘local’ international shopping experience for its customers, with each site benefitting from local currencies and language translation.
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 Shopping Store Tesco UK brand china consumer deal deals and rumours department department stores e-commerce electricals expansion fashion news food launch luxury morrisons my online online retail people profit property retail industry retail property retailer sale sales supermarket waitrose