Speaking at the Reuters Consumer and Retail Summit N
Brown‘s chief executive Alan White said would consider
acquiring businesses in Germany and the United States in the next
two to three years if trading proved successful. With the US
plus-size market in the states worth some $35 billion a year,
“success there could be transformational for N
Brown,” said the article.
US apparel retailer Gap is planning multichannel
entry into China, reports the Financial Times. It will open an online store
later this year as well as two bricks-and-mortar stores in
Beijing, and two in Shanghai.
Total group sales at PC World and
Currys parent company
DSGi-including those from now closed
businesses-are up 3 percent to £8.53 billion for the 52
weeks ended 1st May 2010. In the UK and Ireland however, sales
declined 5 percent to £4.01 billion. Online sales for the
year hit £1.4 billion, representing 16 percent of total
group sales.
London-based jeweller Argent of London is
reporting a year-on-year sales increase of 23 percent during the
fourth quarter of 2010, reports Retail Jeweller. Argent, which operates
online and via catalogue as well as through a showroom at its
head office, recently announced it was working with Venice in
Peril, a British charity that raises funds for the preservation
of the Italian city.
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