Edcon to sell top UK clothing brand
Fin24 - Dec 19th, 10:08
Johannesburg - The country's fashion industry has been set a twitter by the news that one of the biggest and most recognised clothing brands on the British high street will soon be found in South Africa.
River Island recently signed an exclusive franchise deal with Edcon, providing the leading retailer with sole distribution rights to the popular brand.
The first flagship store is set to launch in Rosebank, Johannesburg in June 2014 with additional flagship stores expected to open in Cape Town in October next year.
River Island is a brand with Great British heritage. Founded and based in London, the business was created and is managed by the Lewis family. With design at the heart of the business, it prides itself on the ability to remain ahead of the trends and to create them.
With over 65 years of fashion retail experience, the brand continues to grow globally and has over 300 stores in the UK, Ireland, Russia, Poland, Holland, Belgium and the Middle East and offers worldwide shipping through its website.
Edcon CEO Jurgen Schreiber commented: “River Island is a complete shopping experience all in itself. Not only is it extremely fashion forward but it is also very versatile and possesses its own unique flair. We expect it to be a hugely popular addition to our current range.”
While clients of River Island are all connected by their love for fashion, the brand’s diverse collections all draw on different inspirations, enabling wearers to cultivate their own unique styles.From Fin24.com
SABMiller CEO Graham Mackay dies
20/12/2013 - 08:21
Cape Town - SABMiller [JSE:SABMiller] announced on Wednesday that its chairperson Graham Mackay, who has been with the company for 35 years, has passed away. Mackay was diagnosed with a brain tumour in April 2013.
Cotton On opens in Stellenbosch, Western Cape
19/12/2013 - 12:48
Located in Mill Square, Stellenbosch, the new Cotton On store opened on 31 October 2013, offering on-trend yet affordable fashion for both women and men.
Ackermans stores closed on 15 December 2013
13/12/2013 - 14:42
Ackermans stores in South Africa will be closed for trade on Sunday, 15 December 2013.
November retail sales top estimates, United States:
13/12/2013 - 08:15
Washington, D.C. – Retail sales in November increased a better-than-expected 0.7% seasonally-adjusted month-to-month, according to the U.S. Commerce Department. (The figure includes categories such as automobiles, gasoline stations, and restaurants.) Analysts were expecting sales to rise 0.6% in last month. The latest retail sales numbers were 4.7% above November 2012 numbers.
Cotton On Body opens second store in South Africa
12/12/2013 - 14:19
Due to popular demand, Cotton On Body opened their second stand-alone Cotton On Body store in South Africa at Blue Route Mall, Tokai, on 7 December 2013.