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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Mar- 2022 -22 MarchLuxury Goods
Kering appoints CEO of Alexander McQueen
Kering has announced the appointment of Gianfilippo Testa as the new chief executive officer (CEO) of Alexander McQueen, effective May 2022. In his new role, Testa will report to François-Henri Pinault, the chairman of Kering, and his goal is to accelerate the expansion of the British luxury house to “tap…
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22 MarchDIY
Kingfisher hails ‘record’ year as profits surge 20.9%
Kingfisher has reported “record” revenue and profits for the year ending 31 January 2022 as adjusted pre-tax profits surged 20.9% year-on-year from £786m to £949m, reflecting higher retail profit and lower net finance costs. Total sales are up 9.9% to £13.18bn compared to £12.34m last year, and operating profit increased…
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21 MarchDIY
Decathalon owners face backlash over Russian expansion plans
The French owners of sporting goods store Decathlon could be set to face public backlash after being accused of profiting from Russia’s invasion of Ukraine amid reports it has set out plans to increase its presence in the country. According to The Telegraph, its owners the Mulliez family plan to…
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15 MarchNews
DFS revenues up 17.4% to £561.1m
DFS has announced its revenue increased by 17.4% on the pre-pandemic two-year comparator to £561.1m, during the 26 week-period ended 26 December 2021. The firm said this demonstrates “success in strategy” to offset and pass-through inflationary pressures. According to the firm, the scale of its business has widened as it…
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10 MarchNews
Pandora expands US footprint with the acquisition of 37 stores
Pandora has announced its continued US growth strategy with 37 locations acquired from Ben Bridge Jeweller. Ben Bridge Jeweller was Pandora’s largest franchisee in North America. The acquisition increases Pandora’s owned-store footprint, largely on the US West Coast, and provides a more “cohesive” presence and direct omni-channel experience in North…
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9 MarchNews
The Direct Selling Association appoints four new board members
The Direct Selling Association, the UK trade body for direct-to-consumer retail, has appointed four retail industry leaders to its board of directors. The new board members join representatives from brands including Avon, The Body Shop, and Usborne Books at Home, to serve as an advisory panel for the Direct Selling…
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2 MarchNews
Hotel Chocolat profits surge 56% to £24.1m
Hotel Chocolat has revealed its profits increased 56% to £24.1m, up from £15.5m the previous year, during the 26-week period ended 26 December 2021. The firm also reported its revenues were also up by 40% to £142.9m, in comparison to 101.9m for the same time the previous year. Hotel Chocolat…
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Feb- 2022 -17 FebruaryNews
Reckitt’s net revenue increases 3.5% to £13.2bn
Reckitt has announced its full-year net revenues have come in “ahead of expectations” up +3.5% to £13.2bn and +17.4% on a two-year stacked basis. The firm said this has been led by a “strong performance”in hygiene and a recovery in health as it exited the year. It also reported Q4…
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17 FebruaryOnline & Digital
Shopify sees soaring revenues but warns of slowed growth in FY22
Shopify has announced that Q4 revenue in 2021 soared by 41% to $1.4bn (£1bn) against 2020, but has warned that this growth may be softened in the coming year in the absence of an e-commerce boom. Gross merchandise volume was $54.1bn (£40bn) in the period, marking an increase of $12.9bn…
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16 FebruaryNews
AO invests in South Lanarkshire with new Larkhall Depot
Online electronics retailer AO has announced that it has invested in both logistics warehousing and job creation in the South Lanarkshire area. It revealed the move follows the “structural shift” in shopping habits with more customers buying the firm’s appliances online. According to AO, the new 20,000 sq ft site…
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