Intu has confirmed that the consortium that was bidding to take over the shopping centre, has now said that they won’t be able to proceed. The consortium, consisting of the Peel Group, the Olayan Group and Brookfield Property Group, said in a statement that they would not be able to make...
Amazon could be keeping a close eye on some of the stores that will be offloaded during the Sainsbury’s and Asda merger. Amazon told the competition watchdog that acquisitions and investment into the UK grocery market are possible. Amazon took their first steps into the food stores when they bought Whole foods...
John Lewis saw sales grow by 7.7% year-on-year last week, which was its biggest ever sales week. This was heavily down to the retailers Black Friday offers and also the fact that they offered a price match of competitors through its Never Knowingly Undersold policy. It has said that both the website...
H&M is set to close its Cheap Monday brand as the business plans to focus more on its core business. The closure will affect around 80 workers and will see the closure of the store in London, as well as operations in Tranas and Stockholm in Sweden. The closure is set to...
SMCP has kicked off the next stage of its Mexican expansion by opening its first two stores in the country, one for Sandro and one for Maje. The brand opened its first concessions in the country in 2015. The debut stores have been opened in the luxury Artz Pedregal mall in partnership...
Mamas & Papas has leached its first concession in a Next Home store in Bristol. The concession spans over a 2,500 square foot space, and will stock clothing for babies and toddlers, as well as nursery furniture, pushchairs, car seats and gifts. The store will also offer in store services such as...
Uniqlo has announced plans to expand into the Italian market next year. Its first Italian store will open in Milan next autumn. The store will be located in the heart of the city in Piazza Cordusio, and will offer clothing for men, women and children over three different storeys. Tadashi Yanai, UNIQLO founder...
Waitrose is set to roll out its new supper club concept to 42 more stores following a successful trial period. The supermarket chain is expecting to serve a total of 1,300 people during the events held between now and the end of March next year. Waitrose have partnered with social dining platform...
Mike Ashley plans on closing up to 17 stores located in Intu shopping centres as soon as the lease either expires or reaches a break clause. The closures will be a mix of Sports Direct, House of Fraser, Flannels, USV and Evans Cycles stores. Mr Ashley has said that this will cost...
Hotel Chocolat has opened its first store in Japan. The store is located in Japans largest shopping centre, Aeon Lake Town. The expansion comes as part of the company’s new ‘test, learn, grow’ approach which is being led by Chris Horborin, who is the former chief executive of QVC Japan. Angus Thirlwell,...
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