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- 2022 -10 JuneHealth & Beauty
Reliance Industries and Apollo in £5bn bid for Boots
Reliance Industries has teamed up with private equity firm Apollo to make a £5.5bn binding offer for Boots, according to Bloomberg. The deal will reportedly allow its US parent company, Walgreens Boots Alliance, to keep a minority stake. However, the size of the stake is still open to negotiation. Reliance…
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1 JuneClothing & Shoes
Abercrombie & Fitch launches 2022 Pride collection
Abercrombie and Fitch has announced the launch of its 2022 Pride collection in collaboration with The Trevor Project, for both the Abercrombie and Fitch and Abercrombie kids brands, marking the third co-designed collaboration between the two organisations. The gender-inclusive adult collection features t-shirts, shorts, hoodies, jackets, sandals, hats, and socks.…
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May- 2022 -23 MayDIY
Kingfisher sales drop despite supply pressures easing
Kingfisher has announced its like-for-like sales dropped 5.4% to £3.2bn in the three months ended 30 April 2022 (Q1), although this is up 16.2% from pre-pandemic levels as inflationary and supply chain pressures have eased. In the UK and Ireland, total sales fell 14.1% in Q1, but increased 16.7% on…
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19 MaySupermarkets
Sainsbury’s and Deliveroo announce further UK expansion
Sainsbury’s and Deliveroo have expanded their partnership to cover additional locations across the UK, meaning Sainsbury’s products will reportedly be delivered to tens of thousands more households across the UK within 20 minutes. The new locations include Winchester, Marlow, Barking, Loughborough, Watford and Lancaster. The new stores build on Sainsbury’s…
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18 MayLuxury Goods
Watches of Switzerland hails record revenues of £1.23bn
The Watches of Switzerland Group has reported its group revenues surged 40% year-on-year from £905m to £1.23bn in the 53 weeks ending 1 May 2022 (FY22), marking a “record” year of revenue and profitability. All in all, UK revenues were up 36% to £810m and US revenues were up 48%…
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13 MayNews
Sharkninja moves to Battersea Power Station
Home appliance manufacturer SharkNinja has announced its acquisition of a new office space in Battersea Power Station. The new office adds to SharkNinja’s existing footprint in the UK and the company said it forms a “key part of the business’ continued expansion, with the workforce to consist entirely of product…
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12 MayPeople Moves
Atterly announces Kelly Byrne as co-CEO
Online fashion retailer Atterley.com has announced that Kelly Byrne is to be appointed to its board as co-CEO, alongside current long-standing CEO Kenny Baillie. Byrne joined the group in January this year as chief growth officer to oversee the company’s growth plans. Together, Byrne and Baillie will work to set…
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11 MayNews
Eddy’s Food Station opens first of 30 stores
Eddy’s Food Station, a new convenience store retailer, has opened its first of 30 new sites today (Wednesday 11 May 2022), creating 14 new jobs in Alloa. The opening comes amid plans to open a further 30 stores, which will create 500 roles across central Scotland, over the next five…
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11 MayHealth & Beauty
Beauty Bay drafts in advisors after IPO stalls
Online beauty platform Beauty Bay has reportedly hired bankers to explore options for the group after plans for its IPO stalled. According to Sky News, it has drafted in US-based Threadstone Capital, which previously advised Cult Beauty on its sale to THG, to advise it. Sources told Sky that options…
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10 MayOnline & Digital
Fruugo revenues surge 57% to £30.7m
Online global marketplace Fruugo has seen its FY21 revenues surge 57% to £30.7m, over 220% on a two-year basis, which it attributed to the “quality and scalability” of its marketplace platform and proprietary technology. Fruugo also confirmed that for the 52-week period ended 31 December 2021, that adjusted EBITDA increased…
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