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Category: Company News

  • South Africa’s TFG bolsters sportswear business with JD Sports franchise deal

    Upmarket fashion and homeware retailer TFG, said on Wednesday that it has signed a franchise agreement to be British sportswear giant JD Sports Fashion’s exclusive retail partner in South Africa. Demand for casual and sportswear has remained steady in South Africa, even after the COVID-19 pandemic, which accelerated a shift to working from home, prompting consumers…

  • Outback Steakhouse opens in Centerville today, will offer giveaways Wednesday

    The restaurant at 5181 Cornerstone North Blvd. is slated to hold a ribbon-cutting ceremony at 10:30 a.m. Wednesday and give out free Outback appetizer cards, merchandise and more, while supplies last. The restaurant is scheduled to open at 4 p.m. today and plans to donate $5,000 of proceeds from today’s opening day sales to USO Wright-Patterson,…

  • H&M Group plans to invest more in physical stores, including refurbishing 250 globally

    According to H&M Group’s Annual and Sustainability Report 2023, the fast-fashion company plans to open around 100 new stores and close around 160. While that is a net reduction of 60, the remaining stores will make a positive contribution to sales. So far, in 2024, a net 31 stores have closed its doors. In 2023,…

  • FamilyMart to Revamp Joint Venture in China, Settles Long-Standing Dispute

    Japanese convenience store giant FamilyMart has announced a major restructuring of its joint venture in China, marking the end of a protracted legal and operational dispute with its Chinese partners. This move comes after years of friction over control and management strategies, often referred to as a “divorce fight,” that had cast uncertainty over the…

  • Zara to return to Ukraine after 2-year closure, FT reports

    Zara is preparing to reopen the stores in Ukraine that it swiftly shuttered two years ago after Russia’s invasion of the country. The Spanish fashion giant’s owner Inditex has told local landlords that it will begin reopening its shops in Ukraine in early April, adding that the retailer plans to reopen 50 of its 80-plus stores in…

  • Huda Beauty Reinvented: New Identity and Leadership Under Huda Kattan

    Huda Kattan, the visionary founder of Huda Beauty, has officially reclaimed her role as CEO and announced a series of “pivotal changes” for her company. In a bid to stay ahead in the ever-evolving beauty industry, Huda Beauty is set to undergo a comprehensive rebranding initiative, including a new logo, revamped packaging, and a refreshed…

  • FamilyMart to deploy cleaning robots across 300 convenience stores

    FamilyMart, one of Japan’s largest convenience store chains, has announced a significant technological upgrade to its operations with the deployment of cleaning robots across 300 locations. This initiative is part of the retailer’s ongoing efforts to enhance store efficiency and support store managers in streamlining daily tasks. The newly introduced cleaning robots are capable of…

  • Radisson sets considerable 2030 expansion target

    “West and Central Africa has become increasingly important markets for our development across the continent,” remarked Erwan Garnier, senior director, development, Africa at Radisson Hotel Group. “2023 was a strong year for our expansion in the region and allowed us to further strengthen our leading position in Nigeria as well as enter a new market, The Gambia…

  • H&M SWOT 2024 | SWOT Analysis of H&M

    Company: Hennes & Mauritz AB (H&M) CEO: Helena Helmersson Founder: Erling Persson Year founded: October 4, 1947 Headquarters: Stockholm, Sweden Employees (2022): 150,000 Ticker Symbol: HM-B Type: Public Annual Revenue (FY2022): 223.55 SEK Billion Profit | Net income (FY2022): 3.57 SEK Billion  Products & Services: Clothing | Accessories | Footwear | Cosmetics | Underwear | Sportswear | Home Textiles | Apparels | Underwear Competitors: Macy’s | Zara | UNIQLO | Gap | Boohoo | PVH | Abercrombie & Fitch |…

  • McDonald’s seeks to open 1,000 new stores in China by the end of the year as demand for fast food surges in the country amid economic troubles

    McDonald’s is pushing forward with its ambitious expansion plans in China despite economic challenges, aiming to open 1,000 new stores this year alone. This move comes as economic troubles in the country have increased demand for affordable food options. The fast-food giant’s decision to expand contrasts with the trend of other brands reducing their manufacturing…