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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Nov- 2021 -11 NovemberLuxury Goods
Burberry recovers as revenues return to pre-covid levels
Burberry has reported operating profits of £196m, an increase of nearly four times the figure of the same time last year for the 26 week period ending 25 September. The luxury retailer said it is “comfortable” with current year market expectations after seeing its revenues for the first half of…
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10 NovemberClothing & Shoes
Asos to detail growth plans following Beighton departure
Asos is set to detail plans on how it will deliver on its recently announced medium-term targets to analysts and investors at its Capital Markets Day later today (10 November). Asos said it will reveal how it aims to build on its performance over the longer-term, and “provide greater detail…
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9 NovemberClothing & Shoes
Primark plans global expansion despite sales slump
Primark has seen like-for-like sales fall by 12% in its latest full-year results, as ongoing store closures and trading restrictions “inevitably” led to a “significant” loss of sales and profit in the period. While its parent group, Associated British Foods (ABF), said there was “no doubt” that Primark was “seen…
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5 NovemberHigh Street
Dobbies opens third little dobbies in London
Dobbies Garden Centres has announced the opening of its third little dobbies store in London, located in Richmond, as it continues the roll-out of the new concept across the country. Located at 54 George Street, this is the fifth site in the UK, following Westbourne Grove, Chiswick and Clifton which…
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3 NovemberSupply Chain
AO expands logistics network with new warehouse
AO has opened its fourth warehouse in Crewe, in a move that creates over 80 new jobs and adds over 300,000 sqft of new distribution space to its logistics network. The online retailer will now occupy the Crewe Commercial Park site in what is the largest commercial property build of…
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Oct- 2021 -22 OctoberSupply Chain
AO opens new Leeds depot amid growth
AO has opened a new depot in Leeds as it continues to grow its logistics network following a large recruitment drive. The new 35,000 sq ft site, which opened this week, will be the 24th depot in AO’s current network. It marks a continued expansion following new openings in Crawley,…
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20 OctoberClothing & Shoes
Burberry appoints new CEO
Burberry has announced the appointment of Jonathan Akeroyd as its newest CEO and executive director, effective 1 April 2022. He will succeed Marco Gobbetti who will step down from the role and leave the company on 31 December 2021. Akeroyd is currently the CEO of Milan-based Gianni Versace SpA, a…
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19 OctoberSupermarkets
EG Group backs out of £750m Asda forecourt business deal
The owners of EG Group, who bought out Asda in a £6.8bn takeover, have revealed that they will no longer be acquiring the grocer’s forecourt business in a £750m deal. The Issa brothers Zuber and Mohsin, had previously agreed to purchase the supermarket chains petrol filling stations, car wash sites…
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11 OctoberHigh Street
Poundland owner names new chief operating officer
Pepco Group, the owner of budget retailer Poundland, has announced the appointment of Trevor Masters as the group’s chief operating officer (COO), effective from 1 January 2022. Masters will be based in Poland and retain his current leadership responsibilities as managing director (MD) as well as providing “strategic direction and…
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5 OctoberHigh Street
Hotel Chocolat profits hit £10.1m in FY21
Hotel Chocolat has welcomed “better than expected” results for the year ending 27 June 2021, with pre-tax profits reaching £10.1m, up from £2.4m the previous year. Revenue increased 21% to £164.6m up from £136.3m in 2020, with 70% of revenue in the year generated through UK digital, partners and continuity,…
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