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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Apr- 2024 -15 AprilNews
Today’s news in brief-15/4/24
Dr. Martens has initiated legal action against online retailer Temu for alleged trademark infringement. Dr. Martens claims that Temu used keywords like “Dr. Martens” and “Airwair” in Google ads to promote its boots, gaining visibility over Dr. Martens’ authentic products. While the lawsuit was filed in the High Court, the…
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15 AprilFeatures
Navigating the tax system: a guide for retailers
Taxes are an inevitable aspect of running a retail business in the UK, shaping financial decisions and operational strategies. Business tax rates, including corporation tax, VAT, and business rates significantly impact the profitability and sustainability of retail businesses. Understanding the nuances of business tax rates is essential for retailers to…
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12 AprilNews
Today’s news in brief-12/4/24
Levi’s has welcomed Gianluca Flore, a seasoned executive from Burberry, as its new chief commercial officer effective 29 July . With over 20 years of experience in luxury apparel, Flore will oversee global commercial operations, reporting directly to Levi’s CEO Michelle Gass. His track record in brand expansion and profitability…
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12 AprilPeople Moves
Levi’s names incoming CCO
Levi’s has announced the appointment of Gianluca Flore as executive vice president and chief commercial officer, effective from 29 July. In his new role, Flore will report to president and CEO Michelle Gass and will be responsible for the commercial operations of the Levi’s brand across all global channels, including…
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11 AprilHigh Street
Majestic to debut on the Channel Islands with Jersey store
Majestic has unveiled plans to expand into the Channel Islands with the opening of a store in The Powerhouse, on Queen’s Road, Jersey, on 30 April. The news comes as the retailer doubles down on its investment into bricks and mortar trading. Majestic has agreed a lease on the 5,695…
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10 AprilNews
Asda launches online prescription service with Pharmacy2U
Asda has recently announced the launch of an online prescription service in partnership with Pharmacy2U, the largest NHS approved online pharmacy in the UK. Asda Online Pharmacy is a platform where patients can manage prescriptions online and have them arranged for delivery to their home address. Once registered on the…
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10 AprilSupermarkets
Tesco profits soar in FY results as inflation eases
Tesco has seen pre-tax profits soar by 159.5% to £2.3bn in its full-year results, up from £882m the prior year, as shoppers began to spend more when price inflation “lessened substantially”. In its preliminary results for the year ended 24 February 2024, group sales were up by 7.4% to £61.5bn,…
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8 AprilPeople Moves
John Lewis Partnership appoints Jason Tarry as chairman
The John Lewis Partnership has announced it has appointed ex-Tesco UK boss Jason Tarry as its seventh chairman following Sharon White’s decision to step down at the end of her term. Tarry brings over 33 years of experience at Tesco where he was most recently the UK and Ireland CEO,…
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5 AprilNews
Today’s news in brief-5/4/24
Carpetright has enlisted the help of advisers to explore avenues for cutting costs amidst a challenging market. With weakening demand and intensifying competition, including from newer brands like Tapi, the company is considering options such as store closures. Over the past 14 months, Carpetright reported a decline in revenues to…
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5 AprilHigh Street
Mango teams up with Victoria Beckham for new capsule collection
Mango is teaming up with Victoria Beckham to launch a new capsule collection, which will be available internationally on April 23, 2024. Victoria Beckham x Mango has been designed by Beckham and reflects the essence of the designer’s label, considered the “perfect blend of classic British luxury with a subtle…
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