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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Sep- 2024 -17 SeptemberNews
Today’s news in brief-17/9/24
THG (The Hut Group) has announced plans to potentially demerge its technology arm, THG Ingenuity. This move follows the group’s interim results for the half-year ending June 30, 2024, which showed a 1.6% rise in adjusted EBITDA despite a 3.6% decline in year-on-year sales. THG Ingenuity saw a notable 12.6%…
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17 SeptemberHigh Street
Pret A Manger FY global sales hit £1.1bn for first time
Pret A Manger has reported a 10% increase in first-half sales to £569m, whilst also revealing that global sales hit £1.1bn for FY23 for the first time, following its expansion into overseas markets. Pret confirmed that it achieved its medium-term growth target during FY23, which was set in 2021. The…
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13 SeptemberClothing & Shoes
Hotter Shoes acquires German retailer Peter Hahn
Hotter Shoes owner Wourth Group has announced it has acquired German retailer Peter Hahn out of administration. The investment into Peter Hahn, a traditional and internationally active multi-channel company for fashion and lifestyle for so-called “best-ager” customers, with headquarters in Winterbach, is a decisive step towards the long-term reorganisation and…
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12 SeptemberNews
Today’s news in brief-12/9/24
John Lewis Partnership reported a significant improvement in financial performance, narrowing pre-tax losses to £30m from £59m. Total revenue rose 2% to £5.2 billion, with Waitrose seeing a 5% sales increase. Investment in transformation, including new stores and digital initiatives, remains robust. PwC’s latest data reveals a rise in shop…
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11 SeptemberNews
Today’s news in brief-11/9/24
In July 2024, the UK economy saw no growth for the second consecutive month, failing to meet analysts’ expectations of a 0.2% expansion. The stagnant performance was largely due to mixed results across different sectors. The services sector recorded a slight 0.1% increase, primarily driven by a strong recovery in…
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11 SeptemberDepartment Stores
Dunelm PBT rises 6.6%
Dunelm has revealed that its profit-before-tax rose 6.6% to £205m, up from £193m, for the year ended 29 June 2024. Alongside this, the company’s total sales rose 4.1% to £1.71bn compared with £1.64bn in the same period last year. The company also stated it saw an increase in active customers…
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10 SeptemberNews
Today’s news in brief-10/9/24
Burberry has faced a significant downturn, with its market value plummeting to £2bn, its lowest since 2009. Barclays downgraded Burberry, citing poor performance relative to other luxury retailers and doubts about its ability to maintain premium status due to pricing and strategic issues. CEO Jonathan Akeroyd was replaced by Joshua…
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10 SeptemberLuxury Goods
Beaverbrooks invests £1.6m in Bracknell store refurb
Family-owned national diamond, jewellery and watch retailer Beaverbrooks has made a £1.6m investment in the complete refurbishment and expansion of its Bracknell store, doubling its size and elevating it as a destination for luxury and Swiss watches. Following the investment, the newly refitted store, located on The Avenue, reopened on…
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10 SeptemberNews
Mountain Warehouse to open 50 new stores
Mountain Warehouse has revealed that it will open 50 new stores next year. According to The Times, the outdoor retailer is ramping up its expansion strategy driven by a surge in demand for in-person shopping experiences. Last month, the retailer reported £386m in sales and £26.2m pre-tax profit for the…
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9 SeptemberSupermarkets
Aldi announces record £800m investment amid highest ever sales
Aldi has unveiled its largest ever annual investment plan, with a new £800m package that is set to further its expansion across the UK.The supermarket said it also plans to invest £1.4bn into the business over the next two years. It comes as the group welcomed its highest ever period…
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