Belarus
This coverage examines retail market activity and developments in Belarus that matter to UK retail executives, managers, and brand professionals. Reporting covers store openings and closures, investment patterns, regulatory changes, consumer trends, and the strategies of domestic and international retailers operating in the region. These insights support decision-making for businesses monitoring Eastern European retail dynamics and potential market opportunities or risks.
-
Mar- 2022 -22 MarchDIY
ScS posts a £3.6m loss amid supply chain disruptions
Home furnishings retailer ScS has reported a loss before tax of £3.6m during the 26 weeks ended 29 January 2022, as supply chain disruption impacted sales and revenues. ScS reported a 16% drop in revenues to £145.9m compared with FY21 and a 4% drop in comparison with H1 2020. Despite…
Read More » -
7 MarchNews
TK Maxx cuts ties with Russia
TK Maxx has announced it has taken “meaningful” business actions to cut ties with Russia. The announcement comes in addition to supporting its associates and the ongoing humanitarian relief efforts. Consistent with the firm’s corporate values, it said it is “committed” to divest its minority investment in Familia, a Russian…
Read More » -
4 MarchDIY
IKEA pauses operations in Russia and Belarus
Ikea has announced its company groups, Inter Ikea Group and Ingka Group, have decided to temporarily pause Ikea operations in Russia. This means that Inter Ikea Group will pause all export and import in and out of Russia and Belarus, and Ikea Industry production operations will be paused in Russia,…
Read More » -
Jan- 2022 -28 JanuaryClothing & Shoes
H&M aims to double sales by 2030 as FY21 profit soars
H&M Group has announced that profit after financial items increased almost sevenfold in its latest full-year results, rising to SEK14.3bn (£1.13bn) against the SEK2bn (£158m) reported last year. It comes as the group pledged that by 2030 “at latest”, it will aim to double sales while at the same time…
Read More »
