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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Jun- 2024 -14 JuneNews
Today’s news in brief-14/6/24
The British Retail Consortium (BRC) has expressed support for the Labour Party’s manifesto, which aims to bring significant changes to benefit retailers and their customers. The BRC particularly appreciates Labour’s recognition of the flawed business rates system that stifles investment and results in numerous vacant retail properties. However, retailers are…
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11 JuneNews
Today’s news in brief-11/6/24
One in three Asda staff have reported being attacked at work, according to a survey conducted by the GMB union. The poll of nearly 1,000 Asda employees revealed incidents of being stabbed, punched, threatened with syringes, and other violent acts, including delivery drivers being chased by cars and confronted by…
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11 JuneClothing & Shoes
White Stuff to launch wholesale arm in the US
White Stuff will be officially launching in the US this summer as part of its international expansion plans to double the size of its wholesale business over the next four years. The fashion retailer’s entrance into the US will be through several wholesale partners in Illinois, Indiana, Michigan, Iowa, Wisconsin…
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11 JunePeople Moves
Mango appoints Mango Home director amid homeware expansion
Mango is strengthening its homeware line with the appointment of Nuria Font as the new director of Mango Home. Font, who was previously director of Mango’s Wholesale Department, will begin overseeing the homeware line this month. She began her career as an auditor at KPMG. In 2006, she joined Mango…
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10 JuneClothing & Shoes
Alo Yoga to open new store in Covent Garden
Alo Yoga, the luxury activewear brand, has selected Covent Garden as the UK location for a new store. The lifestyle brand is set to open its 5,000 sq ft anchor unit at the junction of Neal Street and Earlham Street, a gateway to Covent Garden’s Seven Dials neighbourhood. Alo Yoga’s…
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7 JuneNews
Lidl announces plans for new distribution centre
Lidl UK has revealed plans for a brand new Regional Distribution Centre (RDC) in Bolton, Greater Manchester, following the freehold acquisition of 43.71 acres at Harworth Group’s flagship Logistics North development. The news of the warehouse marks another multi-million pound investment by the retailer, following a series of recent announcements…
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6 JuneClothing & Shoes
Authentic Brands Group to acquire Champion
Authentic Brands Group, a global brand development, marketing, and entertainment platform, has signed a binding agreement to purchase the Champion Athleticwear brand and business from HanesBrands. According to Authentic, the “strategic” move demonstrates its commitment to expanding its portfolio of sports, lifestyle, entertainment and media brands and will increase its…
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4 JuneNews
Co-op unveils new partnership with Bonmarché
Co-op and Bonmarché have unveiled a new partnership as value fashion outlet launches inside Co-op’s new-look Louth store. Louth’s Co-op, located in Northgate, Louth, has undertaken a 12-week programme of works and improvements, with the major makeover including the introduction of the 3,000 sq ft Bonmarché store which marks the…
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May- 2024 -30 MayClothing & Shoes
Dr Martens to cut £25m in costs as full-year profits plummet
Dr Martens is targeting £25m in cost savings after its pre-tax profits plummeted 43% to £97m in the 12 months ended March, following weak demand in the US market. Throughout the year, revenues for the company fell by 12% to £877m, though DTC revenue rose by 2% to £533.1m, primarily…
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30 MayClothing & Shoes
Abercrombie and Fitch Q1 sales surge to $1bn
Abercombie and Fitch has reported a 22% increase in net sales to $1bn (£787.3m) for the first quarter ended 4 May 2024. The American retailer said the positive growth marks the highest first quarter net sales in company history. The group also saw its Q1 operating income climb to $130m…
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