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RetailDetail Europe
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RetailDetail.eu is a portal created for retailers and suppliers from the world of retail communications.
RetailDetail.eu is a portal created for retailers and suppliers from the world of retail communications.

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H&M will open Weekday stores in London and Paris: H&M is going to expand its denim brand Weekday's store network to London and Paris this spring. For the Swedish brand, the stores on Regent Street and in the Marais district will be its first steps into these countries.  Raising brand awareness The goal is not only to reach more customers, but also to raise brand awareness for Weekday. Managing director David Thörewik considers Regent Street "one of the world’s premier shopping destinations" and feels its Paris location, with its plethora of youthful fashion brands like Isabel Marant, Cheap Monday and Zadig & Voltaire, is a perfect fit.   H&M has confirmed the expansion of its fourth brand (along with the eponymous chain, COS and & Other Stories), but no actual date has been given for either store opening. Currently, the brand has 27 stores all across Europe. https://www.retaildetail.eu/en/news/mode/hm-will-open-weekday-stores-london-and-paris?utm_source=gplus&utm_medium=social&utm_campaign=retaildetail+europe
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Aldi prepares huge investments in US operations: German discount chain Aldi has announced it will invest 1.5 billion euro in its US operations, intended to remodel its current store network and add more than 1,300 new stores by 2020. Invest in Aldi customers Following its entry into the Italian market and its recent British web shop, Aldi turns its attention to the American market once more. It already services forty million customers across the pond, a 60 % increase compared to 2013, but Aldi hopes to expand a lot more. An investment of 1.5 billion euro has been made available to open more than 1,300 additional stores by 2020. Moreover, the German discounter wishes to remodel its store network to include a more modern design and environmentally friendly building materials.   An increased focus on fresh items, dairy and bakery products also should bring in more revenue and customers, just like its addition of premium baby products, gluten-free and organic food over the years. "What we’re really doing is continuing to invest in Aldi customers", said Jason Hart, CEO of Aldi US. "We have also made a number of improvements to our products, such as removing added MSG, certified synthetic colours and partially hydrogenated oils from all of our Aldi exclusive brand foods." https://www.retaildetail.eu/en/news/food/aldi-prepares-huge-investments-us-operations?utm_source=gplus&utm_medium=social&utm_campaign=retaildetail+europe
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Van de Velde bids for French lace supplier Noyon: Lingerie manufacturer Van de Velde, together with several other parties, has bid for French lace supplier Noyon, which has been in turbulent waters for quite some time. Boulogne-sur-Mer's commercial court will examine the bid, although it is not the only one. Noyon family steps back It is very likely the bid will be accepted, because not only is it the only bid, it is also the one backed by Noyon's board and attorney.   Noyon has been in financial distress for years: it filed for Chapter 11 in 2008 and managed to relaunch afterwards, although its turnover dwindled and its debt rose. A mere 2 years ago, it managed an 18.3 million euro turnover, but now it is down to 13.5 million euro and it also carries a 7 million euro debt. The company was forced to file for Chapter 11 again in September 2016 and was declared bankrupt in 2017.   If successful, the founding Noyon family would take a step back. The consortium, which consists of Van de Velde, La Perla, Etam and MAS Holdings (Noyon's Sri Lankan partner), would own 80 % of the company. Management and staff would get a 10 % stake, leaving just 10 % for the Noyon family itself. https://www.retaildetail.eu/en/news/fashion/van-de-velde-bids-french-lace-supplier-noyon?utm_source=gplus&utm_medium=social&utm_campaign=retaildetail+europe
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Web shops with cheap designer furniture will shut down: Britain's copyright law changes, now in line with the European Union's legislation, will force a lot of web shops to shut down because they were selling cheaper design furniture knockoffs. Copyright now lasts longer Up until now, the United Kingdom maintained a rule saying that furniture design copyrights expired 25 years after the death of the designer. In the European Union, copyright remains until 70 years after the designer's passing. The difference in legislation meant that plenty of European designer stores were facing of competition from web shops that imported fake furniture from China and subsequently sold them across Europe. These stores could not be stopped because they were officially located in the United Kingdom.   The law went into effect on 28 July 2016, but stores were given 6 months to get rid of their stock of cheap replicas, a period that ends at the end of the month. The British government is mainly satisfied because of the fact that the new law protects several well-known British designers. https://www.retaildetail.eu/en/news/furniture/web-shops-cheap-designer-furniture-will-shut-down?utm_source=gplus&utm_medium=social&utm_campaign=retaildetail+europe
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Whisky generates profit increase for Pernod Ricard: In the first half of its fiscal year, French liquor group Pernod Ricard achieved a turnover and profit increase, mostly thanks to its excellent Asian sales and the performance of its Jameson whisky brand. Jameson grows nearly 20 % Pernod Ricard's turnover grew 2 % (and 4 % organically) to 5.06 billion euro in the first half of 2016. Its net profit also grew 3 % from 896 million to 924 million euro.     Increased global demand also helped Irish Jameson whisky grow nearly 20 %. The company's other brands also made progress, with 5 to 7 % increases for brands like Martell, Beefeater and Ballantine's.    For its full fiscal year, Pernod Ricard forecasts a 2 to 4 % autonomous profit growth compared to the year before, despite "insecure market conditions", CEO Alexandre Ricard said. https://www.retaildetail.eu/en/news/food/whisky-generates-profit-increase-pernod-ricard?utm_source=gplus&utm_medium=social&utm_campaign=retaildetail+europe
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H&M's collection is made of ocean waste: Swedish H&M launched its "Conscious Exclusive" collection, a sustainable high-end clothing collection made from Bionic, which is a fabric created from shoreline waste. Entire women's collection Its new line consists of an entire women's collection and several items for children. Starting 20 April, it will be sold in 160 stores across the globe and it is H&M's way of demonstrating that clothing can be made from sustainable materials as well. The company already uses sustainable materials for 20 % of its clothing and wants to have a fully sustainable cotton implementation by 2020. Conscious Exclusive is H&M's attempt to prove that high-end fashion can also be made in a sustainable way.   Supermodel Natalia Vodianova is the new collection's face, her very first collaboration with the Swedish fashion group. https://www.retaildetail.eu/en/news/fashion/hms-collection-made-ocean-waste?utm_source=gplus&utm_medium=social&utm_campaign=retaildetail+europe
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New store formula for Abercrombie: For the first time in 15 years, Abercrombie & Fitch launched a new store formula, focusing on the customer experience and without several of its trademark traits, like the excessive use of perfume. New image The American fashion brand will open 7 stores based on its new store formula, but for the time being, the 450 sqm Columbus-based store is the only one. Cork, bronze, galvanised steel, concrete, fake leather, wood and marble create the interior, but the strong fragrance has been replaced with a silkier scent, more subtly spread across the store.    It also includes several shop-in-shops to sell the brand's perfume or its capsule collections. An entire area will be dedicated solely to denim and the closed-off fitting rooms will allow customers to show off their outfits to friends and family, but still maintain plenty of privacy.   The new formula takes Abercrombie & Fitch away from former CEO Mike Jeffries' idea of the brand. He wanted to exude exclusivity and was often criticized for his approach. He left the company 3 years ago, but it has taken a while for the brand to develop its own identity. https://www.retaildetail.eu/en/news/fashion/new-store-formula-abercrombie?utm_source=gplus&utm_medium=social&utm_campaign=retaildetail+europe
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New turnover record for Hermès in 2016: French luxury brand Hermès managed to set a new turnover record in 2016: compared to the year before, its turnover grew 7.5 % to 5.2 billion euro, thanks to growth in every single market. Smallest growth in 5 years “We outperformed the market once again and we broke through the 5 billion euro milestone for the first time ever. It is also organic growth, without enormous impact from price hikes and other influences", CEO Alex Dumas said.  However, that growth was the smallest in the past 5 years and Hermès even targeted an 8 % growth at the start of 2016.   The leatherwear division's turnover, the group's most important division, grew 14 % to 2.6 billion euro, but overall, the group achieved growth in every regions, particularly in its own store network. There are difficulties in France, where the terror attacks have had their negative impact.   The French company refused to present a forecast for 2017, but Dumas expressed a desire to outgrow the market in 2017 as well. https://www.retaildetail.eu/en/news/fashion/new-turnover-record-herm%C3%A8s-2016?utm_source=gplus&utm_medium=social&utm_campaign=retaildetail+europe
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World's largest malt factory located in Antwerp: Boortmalt's malt factory in Antwerp will soon be expanded with a 4th location, bringing the site's total capacity to 470,000 ton. When finished, this will be the world's largest malt factory. 100 million euro French cooperative Axéréal actually owns Boortmalt's factory in Antwerp, which is one of its 10 locations. Its annual production of 1.1 million tons of malt is meant to make beer and whisky. The increased demand from South America, Africa and Asia, serviced by the factory in Antwerp, has prompted the expansion.   Not only will Axéréal expand the capacity, it will also add a research facility for the entire group. The 15 new employees will, among other things, investigate how the production process can be aligned with local products like Africa's cassava. Construction has already started and should be finished by July 2018. Add a new facility in Ethiopia and the company will have invested 100 million euro. https://www.retaildetail.eu/en/news/food/worlds-largest-malt-factory-located-antwerp?utm_source=gplus&utm_medium=social&utm_campaign=retaildetail+europe
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L’Oréal wants to sell The Body Shop: French L’Oréal is currently talking to business bank Lazar to see the options for the sluggish The Body Shop, but it is highly likely the environmentally-conscious store chain may be put up for sale. Increased operational loss The chain, founded in 1976 by the now-deceased Anita Roddick, has more than 3,000 stores across 66 countries. It is mostly known for its ethical principles, like the refusal to sell cosmetics based on animal trials. L'Oréal acquired the chain in 2006 for about 1 billion euro and it expects to generate at least that amount if it decided to sell despite The Body Shop's mounting losses over the past few years.    In the first half of 2016, The Body Shop's turnover dropped 0.6 % to 368.6 million euro and its operational loss grew from 7.2 million euro to 22.2 million euro. The company blamed weaker performances in Hong Kong and Saudi Arabia, but did also highlight further expansion of its most important markets, like Canada, Australia and the United Kingdom. https://www.retaildetail.eu/en/news/cosmetics/l%E2%80%99or%C3%A9al-wants-sell-body-shop?utm_source=gplus&utm_medium=social&utm_campaign=retaildetail+europe
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