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.
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Nov- 2024 -14 NovemberNews-In-Brief
Today’s news in brief-14/11/24
The Range and Wilko owner, CDS Superstores, has acquired 70 Homebase stores after the DIY retailer entered administration. This move, intended to save about 1,600 jobs, will allow Homebase stores to continue operating under CDS while administrators from Teneo Financial Advisory manage the transition. Homebase’s decline, attributed to low consumer…
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14 NovemberClothing & Shoes
Boohoo raises £39m through fundraiser as half-year losses triple
Boohoo has raised £39.3m through a “significantly oversubscribed” fundraising launch with shareholders after its losses tripled in its half-year results. In the half-year ended 31 August 2024, adjusted pre-tax losses widened to £27.4m, up from a loss of £9.1m the prior year. Revenues also fell by 15% from £729.1m to £619.8m.…
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12 NovemberHigh Street
Majestic Wine partners with The Range for new Plymouth opening
Majestic Wine has partnered with The Range to launch its first store in Plymouth. The wine retailer opened the doors to the 4,400 sq ft shop on the ground floor of The Range’s head office in Derriford, after signing a deal to sublet space within the building. The store is…
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11 NovemberNews
HMV to expand into book sales
HMV is set to embark on a new chapter as it expands into the sale of books this November. The move marks the retailer’s first major foray into literature as a standalone offering within its retail space. HMV is devoting an entire floor of its flagship store to its newest…
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8 NovemberAdvice
Valerie: The liquid supplement startup for perimenopausal women
Having launched in September, Valerie is set to revolutionize the way women approach health during the stages of menopause. Olly Johnson, co-founder, draws from both a career in health-focused retail and a deeply personal motivation for this venture. “Valerie exists to empower women and to take back control of their…
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6 NovemberClothing & Shoes
Salomon debuts in UK with two London stores
Mountain sports lifestyle brand Salomon is debuting in the UK with the launch of two new London stores. The first 3,628 sq ft store located in The Yards, part of Covent Garden, has already opened its doors while a second location in Soho is set to open on 14 November. …
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6 NovemberSupermarkets
Aldi to open 11 new UK stores ahead of Christmas
Aldi is set to open 11 new stores across the UK between now and Christmas. New stores in Sedgley in the West Midlands and Castle Douglas in Scotland are set to open this week, while Horsham in West Sussex and Muswell Hill in London are also gearing up to welcome…
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4 NovemberClothing & Shoes
Mohsin Issa backs GoThrift through new start-up investment fund
Asda co-owner Mohsin Issa, and his partner Victoria Price, have reportedly taken a significant stake in Manchester-based secondhand clothing website, GoThrift, to back its expansion, according to The Telegraph. GoThrift runs an online fashion store where shoppers can buy vintage clothing. It was originally founded by three friends in 2019…
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1 NovemberClothing & Shoes
Castore swings to pre-tax loss of £28.8m despite sales surge
British sportswear brand Castore has reported a pre-tax loss of £28.8m for the year ended 4 February 2024 after previously recording a profit of £14.7m the prior year. The group stated that this result has been impacted by non-recurring warehouse consolidation, ongoing investment in the cost base and a challenging…
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1 NovemberComment
From side hustle to global costume leader – The story of Fraser Smeaton’s costume empire
In 2009, Fraser Smeaton, CEO and co-founder of MorphCostumes, saw an unusual potential in what seemed like an ordinary moment. While walking the streets of Dublin with a friend sporting a bright blue spandex suit, he noticed that people couldn’t help but stop and stare, with many even approaching to…
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