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.
-
Oct- 2024 -14 OctoberComment
Why American Golf put its people at the centre of its retail ‘reset’
In the world of retail, few professionals can claim the breadth of experience and transformative leadership that Elaine Wrigley has garnered over nearly four decades in the industry. With roles spanning everything from fashion to food, DIY to outdoor retail, and now her current position in golf retail, Wrigley has…
Read More » -
14 OctoberPeople Moves
Frasers Group Sport MD to step down in November
Frasers Group has announced that Ger Wright will be stepping down from her role of managing director of sport on 30 November, which has held since 2022. During her time as MD, Wright has been credited with making a “significant” contribution to the execution of the group’s elevation strategy. As…
Read More » -
14 OctoberClothing & Shoes
Bestseller profits up 8% to £594m
Danish fashion brand Bestseller has reported an 8% increase in profits to DKK 5.3bn (£594m) for the year to 31 July 2024, despite a 4% drop in revenue to DKK 35.6bn (£3.99bn). The group stated that profitability primarily improved due to normalisation and efficiency gains in the company’s logistics operations.…
Read More » -
11 OctoberDepartment Stores
Ikea sales dip 5.3% in FY24 after cutting prices
Ikea has seen a 5.3% decrease in retail sales to €45.1bn (£37.7bn) for its 2024 financial year as it “substantially” lowered its prices across 63 markets. However, as a result of the price decreases, the retailer saw a 4.5% upward trend both in store visitation and a 21% increase in…
Read More » -
10 OctoberClothing & Shoes
Uniqlo owner sees profits jump 24% to £2.46bn in FY24
Uniqlo’s parent company, Fast Retailing, has revealed that full-year profits rose by 24.9% to ¥283.4bn (£2.46bn), while total group revenues rose 12.2% to surpass ¥3tn (£16.2bn). In the full year ended 31 August, operating profits also rose by 31.4% to ¥500bn (£2.7bn). It comes as Uniqlo in Japan and internationally…
Read More » -
9 OctoberNews-In-Brief
Today’s news in brief-9/10/24
Shein’s UK arm reported robust financial results for 2023, with revenues climbing 38% to £1.55bn and pre-tax profits doubling to £24.4m. These figures surpass rival Boohoo’s latest annual revenues. The company also announced plans for an IPO in London, pending regulatory approval, to capitalise on its growth momentum and expand…
Read More » -
9 OctoberClothing & Shoes
Primark to open US flagship in Manhattan
Primark is set to open its first Manhattan store in New York City as it continues its US expansion. The store will be located in Herald Square in the revitalised Penn District at 150 W 34th street and will serve as a flagship location for Primark. Located directly across the…
Read More » -
9 OctoberHealth & Beauty
Revolution Beauty H1 sales fall 20% amid portfolio shake-up
Revolution Beauty has reported that total net sales fell by 20% to £72m in the first half ended 31 August, due to a “planned simplification” of its product portfolio and the associated discontinuation of unproductive stock keeping units (SKUs). The decline also reflects the group’s “significant” stock clearance activity in…
Read More » -
7 October
Today’s news in brief-7/10/24
Mulberry founder Roger Saul has suggested that luxury retailer Mulberry might be a better fit with European luxury group LVMH rather than Mike Ashley’s Sports Direct, following Ashley’s unsuccessful £83m bid to acquire the company. Saul, who founded Mulberry in 1971, emphasised that the brand had drifted from its original…
Read More » -
7 OctoberClothing & Shoes
Weird Fish improves profitability in FY23
Weird Fish, the British lifestyle clothing and accessories brand, has revealed its EBITDA increased 80% to £2.6m as the business accelerated investment across both online and in store and reduced overall discounting in the year ending 31 December 2023. Weird Fish said the move to improve profitability led to a…
Read More »
