Expansion
This coverage examines retail expansion strategies and activities within the UK market. Reporting highlights store openings, market entry plans, international growth, investment in new formats, and leadership decisions driving growth. With a focus on commercial opportunities and competitive positioning, it provides insights for executives and managers overseeing strategic development and operational rollout.
-
Dec- 2024 -4 DecemberClothing & Shoes
Gymshark CFO steps down
Gymshark has confirmed that its chief financial officer Mathew Dunn has left the company less than two years after joining. Dunn joined the gymwear company in December 2022 from online retailer Asos, where he was COO and CFO. A Gymshark spokesperson told City AM: “Mat Dunn was employed as chief…
Read More » -
3 DecemberNews-In-Brief
Today’s news in brief-3/12/24
Boohoo has repaid £50m of its £97m term loan following a £39.3m oversubscribed fundraising effort. The move aligns with its turnaround strategy after half-year losses tripled to £27.4m and revenue dropped 15% to £619.8m. CEO Dan Finley called Boohoo “significantly undervalued” as major shareholders, including the Kamani family, boosted their…
Read More » -
3 DecemberClothing & Shoes
Mango achieves 2024 US expansion goals
Mango has achieved its goal of reaching 40 company owned stores in the US by the end of 2024 ahead of schedule. Alongside this, the company has revealed that it plans to exceed the goal by having 42 open at the close of the year. In 2025, Mango plans to…
Read More » -
2 DecemberOnline & Digital
Temu to shorten delivery times through expansion of UK suppliers
Temu has plans to increase the number of its UK-based suppliers as a way to speed up delivery times, which could see orders get completed within one business day, The Times has reported. This plan is part of the e-retailer’s “local” initiative, as it seeks to compete with British high…
Read More » -
2 DecemberDIY
Topps Tiles defends strategy after major shareholder criticism
Topps Tiles has defended its performance and strategy following criticism from a major shareholder, who accused the tile retailer of showing a “complete failure” after sales and profits fell in its full-year results.According to The Times, Topps Tiles’ largest shareholder, Austrian investor MS Galleon, is calling for an overhaul of…
Read More » -
Nov- 2024 -29 NovemberFeatures
The tricks and tips behind successful retail email marketing
When Jim Rudall, Head of EMEA at Intuit Mailchimp, reflects on his career, it is clear he has navigated an eclectic journey. From aspiring musician to tech innovator, Rudall’s story is a masterclass in adaptability and leadership. At the heart of his current mission is a drive to harness cutting-edge…
Read More » -
28 NovemberClothing & Shoes
Footasylum opens upsized store at Merry Hill
Streetwear retailer Footasylum has launched its upsized store at Merry Hill shopping centre, tripling its footprint. Combining its existing unit with the adjacent space, Footasylum has expanded its presence at Merry Hill from 3,000 to 10,000 sq ft. The upsized store introduces innovative features, including a mobile payment system that…
Read More » -
27 NovemberSport & Leisure
Frasers acquires South African sports retailer Holdsport
Frasers Group has expanded its global footprint through acquiring South African sporting, outdoor and recreation goods company, Holdsport.It acquired the retailer for an undisclosed sum from Old Mutual Private Equity (OMPE) and Holdsport’s management, and the transaction is expected to close in the coming months. Holdsport operates across retail, wholesale,…
Read More » -
26 NovemberNews-In-Brief
Today’s news in brief-26/11/24
AO World has raised its full-year profit forecast to between £39m-£44m after reporting a 30% rise in pre-tax profits to £17m for the six months ending 30 September. Despite adverse summer trading conditions due to wet weather, which affected cooling product sales, AO’s B2C retail revenue grew 13%. Group revenue…
Read More » -
26 NovemberAdvice
Reinventing loyalty: Josh Graham’s vision for mobile-driven retail
Josh Graham, co-founder and chief marketing officer of Airtime Rewards, reflects on a journey that began in the aisles of an independent menswear store and now sees him at the forefront of mobile-driven retail innovation. With nearly a decade of Airtime Rewards behind him, Graham is helping redefine how retailers…
Read More »
