
Fashion retailer Khaadi has opened its first Scottish store with the company choosing giant mall Silverburn in Glasgow.
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Fashion retailer Khaadi has opened its first Scottish store with the company choosing giant mall Silverburn in Glasgow.
Pakistan-Based retailer Khaadi is continuing its UK expansion and will open its first store in Scotland with a debut at the giant Silverburn supermall in Glasgow.
Reports emerged in November that Sports Direct was looking to purchase Brixton Market, a south London shopping destination, but the deal has reportedly fallen through.
It was a mix of the good and the bad as Sports Direct delivered its results on Thursday with the global retail giant clearly still a work-in-progress that's advancing in some areas, but also seeing a profits drop.
Increased competition from JD Sports and Decathlon and concerns about the actual performance of Sports Direct’s new format stores have prompted Jefferies to downgrade the retailer from hold to underperform.
JD Sports has significantly upsized its presence at Silverburn in Glasgow following strong demand for sports fashion and fitness-focused brands at the shopping centre.
Brixton Market, a popular south London shopping destination that sells a variety of merchandise categories, could be in the sights of Sports Direct owner Mike Ashley if reports are to be believed.
Hammerson said on Thursday that fashion and sports brands such as Flannels and JD Sports, and personal luxury goods like Rituals and Pandora, accounted for the strongest leasing demand in the third quarter of the year.
Sports Direct is upbeat as its 'Selfridges of sport' goal gets closer through the opening of more premium stores and as it takes full control of luxury omnichannel retailer Flannels.
Sports Direct boss Mike Ashley has increased his stake in premium multi-brand retailer Flannels from 51% to more than 75%.