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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Sep- 2022 -26 SeptemberSupermarkets
Aldi doubles down on price promise to customers amid rising costs
Budget supermarket retailer, Aldi, has pledged to continue to provide the lowest grocery prices in the UK to help households “meet soaring living costs”. The news comes as the company is said to have attracted 1.5 million extra customers to its stores over the past 12 weeks as “squeezed” shoppers…
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20 SeptemberDepartment Stores
Selfridges’ owners eye first regional UK expansion in 20 years
Central Group Europe, Selfridge’s operating company, is said to be targeting regional cities in the UK for the first time in 20 years, according to the Financial Times. The luxury department store group currently operates from Oxford Street in London, as well as one store in Birmingham and two in…
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13 SeptemberPeople Moves
Land’s End appoints new CEO
Classic American lifestyle brand, Land’s End, has announced the appointment of Andrew McLean as the group’s new CEO. The news comes as Jerome Griffith, the brand’s current CEO, will be retiring from his role on 27 January 2023. Griffith will reportedly continue to serve as a director and will become…
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8 SeptemberShopping Centres
JD Sports to open new store in Birmingham’s Bullring centre
JD Sports is set to double its presence in Bullring and Grand Central, Birmingham, as it looks to drive customer engagement through events, pop-ups and collaborations. Hammerson, a real estate investment firm, said the expansion is a “clear signal of the destination’s strength as well as a firm commitment to…
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8 SeptemberClothing & Shoes
Reebok appoints new CEO
Sparc Group, a full-service lifestyle brand operating company, has announced the appointment of Todd Krinsky as the new CEO of Reebok. He will continue to be based at the brand’s Boston headquarters and will report to Marc Miller, CEO of Sparc Group. Krinsky will take up the role from Matt…
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2 SeptemberSupermarkets
Motatos raises €38m to fund UK expansion
Discount supermarket Motatos has announced it has raised €38m (£33m) through a new share issue to existing shareholders. The financing round was jointly led by Exor Capital and the company’s largest owner, SEB Private Equity. The new funds will be used to accelerate growth in Motatos’ key markets of Germany…
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Aug- 2022 -23 AugustHigh Street
Frasers to open 3 new Flannels flagship stores
Frasers Group has announced plans for three more Flannels flagship stores, which will see it open stores in Leeds, Cardiff, and Gateshead all upwards of 80,000 sq. ft in size. The announcement closely follows the opening of Flannels’ Liverpool flagship, which is the largest store opening to date and, largest…
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16 AugustNews
Watches of Switzerland Q1 revenues hit £391m
The Watches of Switzerland Group PLC has reported a 31% rise in group revenues year-on-year from £297m to £391m for the 13 weeks to 31 July 2022 (Q1 FY23), benefiting from de-stocking and pent up demand as showrooms reopened following Covid-19 lockdowns. Luxury watches sales grew 32% to £342m, representing…
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15 AugustHigh Street
Canada Goose profits soar amid retail expansion
Canada Goose has reported “better than expected” gross profits of $42.7m (£35.3m) for the first quarter fiscal 2023 ended July 3 2022, up 39.1% from $30.7m (£25.3m) over the same period last year. Revenues were also up 24.2% from $56.3m (£46.5m) to $69.9m ($57.8m). The company said its EMEA revenue…
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12 AugustPeople Moves
Primark appoints new chief customer officer
Primark has announced the appointment of Michelle McEttrick to the brand’s newly-created position of chief customer officer. McEttrick will reportedly take on the role as of 19 September with the remit to further develop the brand and customer strategy. The appointment comes as the business continues its expansion across new…
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