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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Feb- 2024 -28 FebruaryM&A
Jollyes acquired by TDR Capital
Jollyes has been acquired by TDR Capital from previous owners Kester Capital, for what Kester calls a 4.2x return on investment. The investment, expected to be completed by the end of March, will enable Jollyes to continue to grow its store estate at pace. Upon completion of the deal TDR…
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27 FebruarySupermarkets
Grocery sales jump 5% as food price inflation falls
Total grocery sales increased 5.1% to £35.3bn for the four weeks to 18 February 2024, as grocery price inflation fell 5.3%, marking the lowest rate since March 2022, according to the marketing data and analytics company Kantar. February also saw a return to indulgence for some consumers as dry January…
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23 FebruaryNews
Today’s news in brief-23/2/24
Consumer confidence in the UK dropped by two points to reach -21 in February, according to the GfK index. The survey highlighted decreases in various measures compared to the previous month, including personal finances and the country’s economic situation over the past year. However, there was no change in the…
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23 FebruaryClothing & Shoes
Shein eyes Boohoo suppliers for UK expansion
Shein has reportedly begun the process of onboarding a number of Boohoo suppliers as it ramps up its UK expansion, according to Drapers. The company reportedly sent an invitation email to suppliers used by Boohoo late last year, and some are now in discussions with Shein’s Chinese office in Guangzhou.…
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23 FebruaryNews
Sports Direct opens new flagship store in Cardiff
Sports Direct has today (23 February) opened its fourth flagship store in Cardiff, Wales, marking the launch of their new outdoor category. With a new and younger generation of outdoor adventurers on the rise and both developing and existing communities embracing the category, Sports Direct is now giving locals the…
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23 FebruaryClothing & Shoes
Zara owner expands budget brand Lefties in bid to rival Shein
Zara owner Inditex is reportedly expanding its low-priced, Gen Z-focused brand Lefties in a bid to be competitive against fast fashion rivals such as Shein. According to Reuters, the company is “quietly growing” its budget ranges as part of this strategy, including the expansion of Lefties, which sells €17.99 (£15)…
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22 FebruaryNews
Today’s news in brief-22/2/24
Taxpayers are expected to cover millions in redundancy payments for laid-off staff at The Body Shop as the company undergoes restructuring. The company’s administrators plan to close nearly half of its stores, affecting over 2,200 employees. Only staff with over two years of tenure qualify for redundancy pay, with payments…
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22 FebruaryOnline & Digital
Secret Sales FY23 sales rise 85% amid European expansion
Secret Sales has achieved an 85% rise in sales during 2023, as it continued its strategic expansion, and brand and retailer partnerships. During 2023, the retailer accelerated its European growth by entering Spain and Ireland, as well as extending its global reach to five regions and adding 250 new brands…
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21 FebruaryNews
Today’s news in brief
Redwheel, the leading shareholder of Currys, has voiced concerns over the undervaluation of UK stock markets compared to their true potential. The firm warned that the UK’s declining market values, coupled with a shift in investor focus towards the US, could prompt more foreign entities to pursue acquisitions of British…
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21 FebruaryNews
Shopify makes leadership team changes to EMEA division
Shopify has announced changes to its EMEA leadership team, with new roles for Emilie Benoit-Vernay, Benjamin Lang and Lara Rosquët, as it seeks to drive growth across the region and better support its merchants, partners, and innovative product development. With EMEA revenue over $1.2bn (£951.4bn) and 27% of Shopify’s merchant…
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