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HK's Li & Fung sets up China JV, targets 300 stores

2015-06-23 13:13:49| Logistics - Topix.net

Global exporter Li & Fung Ltd has formed a joint venture with two Chinese department store operators, with the aim of setting up as many as 300 stores and developing its own private labels, the Hong Kong firm said on Tuesday. The firm will own 20 percent of the joint venture, while Beijing Wangfujing Department Store Group Co Ltd and Shanghai Bailian will each hold a 40 percent stake.

Tags: china stores sets targets

 

365 by Whole Foods Market Stores to Launch in 2016

2015-06-21 03:10:51| Grocery - Topix.net

Whole Foods is planning to launch a new store line in 2016. The new store line will be called 365 by Whole Foods Market.

Tags: market stores launch foods

 
 

Gap is closing 175 stores. Is the preppy look losing its appeal?

2015-06-17 05:14:35| Apparel - Topix.net

Gap will close a quarter of its North American specialty stores over the next few years, including 140 closures that will happen during the 2015 fiscal year. With slumping sales, what does the retailer need to do to turn things around? Clothing retailer Gap is closing a quarter of its specialty stores in North America within the next few years in an attempt to revive its lackluster sales.

Tags: its stores closing appeal

 

Stage Stores to consolidate Houston offices into new HQ

2015-06-17 00:51:49| IT Services - Topix.net

Houston-based Stage Stores Inc. announced June 16 it will consolidate its local offices into a new headquarters. Currently, the retailer has two Houston offices, one in Meyerland and the other on Main Street just outside of the 610 Loop South, said Randi Sonenshein , senior vice president of finance and strategy.

Tags: new stores stage offices

 

Gap to close 175 stores and cut 250 jobs

2015-06-16 16:57:00| Daily apparel & textile news and comment - from just-style.com

US clothing retailer Gap Inc is to shutter 175 of its namesake stores in the US and axe 250 head office jobs as it tries to increase profitability and speed decision-making at the struggling brand.

Tags: close jobs stores cut

 

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