REAL ESTATE

Gap makes Poland debut

BY Katherine Boccaccio

Warsaw, Poland — Gap opened its debut store in Poland on Thursday to some 200 people waiting in line to shop Central Europe’s first Gap store.

The store, located in Warsaw’s Arkadia mall, was opened by Gap’s Polish franchise partner Ultimate Fashion, which plans to open additional stores in Poland in 2012.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
REAL ESTATE

Men’s Wearhouse opens first Big & Tall store in Manhattan

BY Staff Writer

New York City — Men’s Wearhouse said Thursday it has opened its first Big & Tall store in New York City, located at 730 3rd Ave.

Grand opening festivities are slated for Oct. 22, and will feature appearances by former NBA basketball players and 50% discounts off merchandise.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Wal-Mart’s Massmart acquisition faces South Africa court appeal

BY Katherine Boccaccio

Cape Town, South Africa — A Thursday report by Bloomberg said that South Africa’s Competition Appeal Court began hearing a government lawsuit filed to compel regulators to review a decision allowing Wal-Mart Stores to acquire 51% interest in Massmart Holdings Ltd.

The Competition Tribunal ruled on May 31 that Wal-Mart could proceed with the deal on condition no jobs are cut for two years and the companies set up a $12.4 million fund to assist local suppliers and manufacturers. The government objected, saying the conditions were inadequate to protect the economy and prevent a surge in imports undermining manufacturing output.

The court challenge is focused on the procedure that was adopted by the Competition Tribunal in making its decision, according to Bloomberg’s report, which cited comments by Heather Irvine, a director at law firm Norton Rose. The retailers provided inadequate information about their product sourcing, meaning “the tribunal was unable to make a proper decision on the effects of the merger and what conditions should be imposed,” Irvine said.

Both retailers are opposing the appeal and the review.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...