Maersk Group/Flickr A.P. Moeller-Maersk plans to sell its stake in a supermarket and department store to focus on transport and energy, Bloomberg News reported. The owner of the world's largest container line, with 3.4 million ...
Tags: A.P.Moeller-Maersk, sell stake, Dansk Supermarked, Nils Andersen
The Leekes Retail & Leisure Group has reported strong results for the year ending March 31st 2013. The group reported an annual turnover of £66m for its retail, leisure and property arms of the business, showing a year-on-year ...
Tags: Leekes Retail&Leisure Group, annual turnover, sales growth
Online sales soared 57.7 per cent over the three weeks to December 28 House of Fraser is celebrating its best Christmas trading period ever,driven by a surge in online sales. The firm has revealed that for the three weeks to December ...
Tags: House of Fraser, online sales, best Christmas trading period
House of Fraser, the UK and Ireland’s premium department store group, provides an update on its best ever Christmas trading period. Trading highlights include: - Like-for-like sales (ex VAT) for the first 9 weeks of the fourth ...
Tags: House of Fraser, Online Sales
North American labor rights groups welcomed a landmark agreement, announced, to deliver an estimated $40 million in compensation to the families of those killed in the Rana Plaza factory collapse in Bangladesh and called on Walmart, ...
Tags: Rana Plaza, Labor Rights Groups
I.T. BEIJING MARKET: A sprawling 19,000 square-foot, four-story multibrand fashion emporium is set to open in Beijing on December 29. The concept and direction of the I.T. Beijing Market, which will be located in the Sanlitun retail ...
Tags: Textile, Luxury Fashion
After opening in Wenzhou in summer, the Spanish brand is now offering its exclusive shirt-making in Hangzhou. Credo is consolidating its presence in China with a second shop under franchise in just under a year. The chosen location is ...
Tags: Credo, Spanish Brand
Stockmann plc has agreed on the refinancing of its long-term loans. Bilateral agreements with six banks have been signed for credit facilities of EUR 700 million. The facilities replace the existing loans of EUR 650 million. The new ...
House of Fraser has declined to comment on reports it is in advanced discussions with French department store group Galeries Lafayette over an acquisition of the UK department store retailer. Two industry sources told Reuters there are ...
Tags: Galeries Lafayette, retailer
Canadian department store operator Hudson's Bay Company has promoted its COO, Donald Watros, to the newly-expanded role of president. Watros, who took up the role of chief operating officer for Hudson's Bay in April 2009, will take up his ...
Tags: department store, retailer
In what is turning out to be a holiday season like no other, it is evident that consumers are ready to wrap up their shopping lists before it’s too late. ccording to NRF’s latest holiday survey conducted by Prosper Insights & ...
Tags: Online Shoppers, Holiday Season
Fang Ying’s December wish list of Louis Vuitton handbags and Chanel perfume is not only for Christmas. Fang, 33, a secretary working in Shanghai, writes one every month for friends and family traveling abroad. Fang is not alone. ...
Tags: handbags, perfume, Luxury Spending
Stockmann Group' announces revenue in November 2013. The Stockmann Group’s revenue amounted to EUR 158.2 million in November 2013. Excluding the terminated franchising operations in Russia and Finland, revenue was down 4.5 per cent ...
Tags: Stockmann, Fashion Chain Division
Department store retailer Belk, Inc. has announced that it is expanding its eCommerce distribution and fulfillment center operations in Union County, S.C. The company spent $9 million to upfit additional space at the 500,000-square-foot ...
Tags: Belk, Ecommerce Distribution
The Japanese apparel market has seen significant growth in sales during the fiscal year of 2012 and is set for an era of development and relative stability, according to a recent report by JapanConsuming. According to the report on ...
Tags: Apparel