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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Aug- 2024 -22 AugustClothing & Shoes
JD Sports sales rise 2.4% in Q2 amid global expansion
JD Sports has welcomed a strong second quarter of trading, with like-for-like sales up by 2.4%, as organic sales grew by 8.3%. The quarter-on-quarter trading improvement was largely driven by the strength of its multi-brand operating model, according to the group, as well as softer comparatives with the previous year. Regionally,…
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15 AugustPeople Moves
Victoria’s Secret appoints Hillary Super as new CEO
Victoria’s Secret has appointed Hiillary Super as its new chief executive officer and a member of the board, effective 9 September 2024. Super succeeds Martin Waters in both roles. Timothy (TJ) Johnson, VS&Co’s chief financial and administrative officer, will serve as interim CEO effective today through 8 September 2024. Meanwhile,…
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14 AugustSport & Leisure
Fanatics renews long-term FA partnership amid surge in merch sales
Global digital sport platform Fanatics and The Football Association (FA) have announced a long-term renewal and expansion to their wide-ranging retail, e-commerce and merchandising partnership, following record England merchandise sales during Euro 2024. Under the terms of the expanded partnership, Fanatics will retain e-commerce rights with the FA and run…
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13 AugustNews
Today’s news in breif-13/8/24
UK wage growth has fallen to a two-year low, with wages excluding bonuses growing by 5.4% in the three months ending June 2024, the lowest since 2022, according to the Office for National Statistics. Factoring in inflation, wage growth drops to 3.2%. Public sector pay rose by 6%, while private…
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13 AugustLuxury Goods
Pandora reports 15% organic growth in Q2 2024
Pandora has reported a 15% increase in Q2 2024 organic growth to DKK 6.77bn (£744m), comprising Like-for-like (LFL) growth of 8%, network expansion of 6% and 1% phasing of sell-in to partners and other. The group’s operating profit (EBIT) also increased from DKK 1.18bn (£134.9m) to DKK 1.33bn (£152m). However…
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12 AugustNews
Today’s news in brief-12/8/24
Asda’s chair, Lord Rose, expressed embarrassment over the supermarket’s recent performance, citing a 5.3% drop in like-for-like sales and a market share decline from 14.8% to 12.7%. He suggested it might be time for co-owner Mohsin Issa to reduce involvement. Asda has initiated a £50m store upgrade and £30m investment…
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9 AugustNews
Today’s news in brief-9/8/24
Recent riots and protests across UK towns have significantly deterred shoppers, leading to a 4.8% decrease in footfall across high streets and retail destinations. Regional cities like North Yorkshire and the West Midlands were hardest hit, experiencing declines as steep as 12.9%. The Retail Trust has reported an increase in…
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8 AugustNews
Hunter Price International acquires BargainMax
Hunter Price International, a supplier of impactful consumer products for many high street retailers, has announced the acquisition of online toy retailer BargainMax.co.uk for an undisclosed sum. The deal accelerates Hunter Price’s growth and expansion strategy, building on the business’ “most successful” trading year to date in 2023. According to…
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7 AugustNews
Today’s news in brief-7/8/24
Chris Brook-Carter, CEO of Retail Trust, highlighted an increase in calls from retail workers fearing for their safety amidst recent rioting in England and Northern Ireland. Several retail stores, including Shoe Zone and Sainsbury’s Local, were targeted by rioters. The British Retail Consortium is responding with a meeting today to…
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5 AugustNews
Today’s news in brief-5/8/24
Authentic Brands Group has announced strategic partnerships to bolster Ted Baker’s presence in the US and Canada. United Legwear & Apparel Co. will oversee men’s sportswear, golf, and denim, managing wholesale operations and online platforms. Peerless Clothing will focus on tailored clothing, while BCI Brands will handle women’s sportswear and…
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