1. News
December 12, 2017

November’s top news stories

Foot Locker and Nike to open new pop-up in New York, TFG acquires UK’s Hobbs. Retail-insight-network.com wraps up the key headlines from November.

Foot Locker partners with Nike to open new pop-up in New York, US

American sportswear and footwear retailer Foot Locker is set to open a new pop-up in New York as part of a new partnership with Nike.

The development is in line with Foot Locker’s strategy to offer differentiated brand experiences and products.

The Sneakeasy NYC pop-up will have an assortment of Nike and Jordan products and services, exclusively in partnership with Foot Locker.


South Africa’s TFG acquires UK’s womenswear retailer Hobbs

South Africa-based The Foschini Group (TFG) signed an agreement to acquire the entire issued share capital of UK womenswear brand Hobbs.

The financial terms of the transaction were not disclosed.

Established in 1981, Hobbs has a network of more than 140 stores throughout the UK and Ireland, in addition to selling its products through its online channel.

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Waitrose introduces self-service check-in for Click and Collect orders

UK supermarket chain Waitrose unveiled self-service check-in for John Lewis ‘click and collect’ orders across 140 stores ahead of Black Friday.

The development comes after the service was trialled earlier this year.

Through the service, in-store customers can use iPads at the welcome desk to register their order number at the time of their arrival so that it is ready for quick collection.


Tesco’s £3.7bn merger with Booker gets provisional clearance

Grocery and general merchandise retailer Tesco’s planned £3.7bn merger with food wholesaler Booker Group received provisional clearance from the UK’s Competition and Markets Authority (CMA).

The transaction was announced in January, following which concerns were raised on the grounds of competition.

The regulator investigated how the merger would impact competition.


Alibaba to acquire 36.16% stake in Sun Art Retail for $2.88bn

Chinese e-commerce company Alibaba reached an HK$22.4bn ($2.88bn) deal to acquire a 36.16% interest in hypermarket operator Sun Art Retail Group from Ruentex Group in order to strengthen its offline retail presence.

As part of the deal, Alibaba will form a strategic alliance with Auchan Retail and Ruentex Group.

The transaction will also see Auchan increase its stake in Sun Art, which operates 490 outlets across China.


UK department store Harrods to undergo $265m renovation

UK luxury department store Harrods is set to undergo a $265m renovation in a bid to lure more shoppers from Hong Kong and China.

Opened in 1849, the store is located in Knightsbridge, London, and occupies a 20,000m² site. It has 330 departments that cover one million square feet of retail space.

As part of the project, the entire retail space of the store will be redeveloped over the next three years, while the design of the exterior with its 12,000 light bulbs, as well as and green awnings will be retained.


Calvin Klein partners with Amazon Fashion for pop-up shops in US

American fashion retailer Calvin Klein partnered with Amazon Fashion to open pop-up shops in New York City and Los Angeles.

The CALVIN KLEIN X Amazon Fashion holiday retail experience will be available until the end of next month.

The partnership also includes an online Calvin Klein brand store on the Amazon website.


Vitamin World set to close 122 stores

US-based vitamins and nutritional supplements retailer Vitamin World is planning to close 122 stores.

This move comes after the company filed for protection under the Chapter 11 Bankruptcy Code in September this year as part of its recapitalisation strategy.

Advisory, lending, and investment firm Gordon Brothers has been appointed to oversee the liquidation process.


MUJI to open first Canadian flagship store

Japanese retailer MUJI is set to open its first Canadian flagship store this month.

Located in Vancouver, the upcoming store comprises 14,507ft² of retail space and in excess of 4,500 products.

Apart from MUJI Canada’s full range of merchandise, including household goods, apparel and food, the location is also expected to feature a new store concept.


Numero Uno to open 36 new stores in India

Indian denim retailer Numero Uno is planning to open around 36 stores in the next three years in order to expand its presence across the country.

The expansion programme is aimed at expanding the company’s network in the southern and western parts of the country, according to the Press Trust of India (PTI).

As part of the plans, the retailer intends to invest Rs100m ($1.54m) towards store openings.