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 -5 AugustClothing & Shoes
Seasalt profits and sales soar amid portfolio expansion
Seasalt has seen its full-year profits and sales rise “markedly” as more bricks-and-mortar stores were added to its high street estate.The Cornish clothing brand saw turnover rise by 12% to £132.6m in the year ended 27 January, The Sunday Times reported. This was largely boosted by in-store sales, which rose…
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1 AugustDIY
B&Q partners with Deliveroo for DIY products delivery
Home and garden retailer B&Q has partnered with Deliveroo for the on-demand delivery of over 600 DIY products from B&Q Local stores. With products spanning interior and outdoor paint, decorating, painting tools, plumbing, electricals, bathroom essentials, as well as tools and hardware, customers can now easily access the materials they…
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Jul- 2024 -31 JulyOnline & Digital
Vinted targets $5bn valuation with latest share sale
Online marketplace for second hand goods, Vinted, has reportedly launched a share sale that could value the business at as much as $5bn (£3.9bn), Sky News has revealed. It comes as a secondary stock offering was announced this month to investors. This would involve existing shareholders offloading part or all…
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26 JulyNews
Today’s news in brief-26/7/24
Boohoo has introduced “Boohoo Brands” a new marketplace featuring over 200 labels including luxury brands like Alexander McQueen and Gucci. This move aims to consolidate its position as a leading fashion and lifestyle destination, leveraging partnerships to enhance customer choices. THG plans to cut 171 jobs across multiple divisions while…
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26 JulyOnline & Digital
Apollo acquires Evri from Advent International
Private equity firm Apollo Global Management entered into a definitive agreement yesterday (25 July) with Advent International to acquire parcel delivery company, Evri, for an undisclosed amount. Since relaunching as Evri in 2022, the company has strengthened its national network that has been purpose-built for third-party ecommerce parcels and its…
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24 JulyClothing & Shoes
Seven Dials to welcome quartet of store openings
Covent Garden’s Seven Dials is set to welcome NN.07 first standalone UK store, Form&Thread’s West End debut and the opening of Wax London’s third boutique alongside Vivobarefoot’s upsized flagship store. Introducing its first standalone UK store, NN.07 will be opening at Seven Dial’s 7 Earlham Street in August. The opening…
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23 JulyNews
Today’s news in brief-23/7/24
Tapi Carpets and Floors Limited has acquired the Carpetright brand and 54 stores following its collapse into administration. While over 300 jobs were saved, more than 1,500 employees face redundancy due to the challenging retail climate and recent cyber attack woes. Ikea plans to open 100 additional click-and-collect points at…
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23 JulyPeople Moves
Literacy Capital appoints new Ashleigh and Burwood CEO
Literacy Capital has announced the appointment of Penny Grivea as the new CEO of its consumer home fragrance brand Ashleigh and Burwood, which has a 30-year heritage. Grivea brings 25 years of consumer and retail experience to the brand, having previously worked for Selfridges, Harrods and Georg Jensen. For the…
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16 JulyNews
Today’s news in brief-16/7/24
Ocado Group reported a significant improvement in financial performance for the first half of the fiscal year ending 2 June 2024. The company narrowed its losses to £154m from £290m in the same period last year. Group revenue rose by 12.6% to £1.5bn, driven by strong growth in its technology…
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16 JulyClothing & Shoes
Tala secures £5m investment to fund international expansion
Activewear brand Tala, founded by entrepreneur Grace Beverley and led by CEO Morgan Fowles, has secured £5m of investment as it plans for international expansion. Pembroke VCT, who participated in an investment round in the business in 2021, has “cemented its longstanding confidence in the brand”, leading the round with…
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